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SYNOD OF THE SUN
Stated Meeting – April 27-29, 2006
Highland Park Presbyterian Church – Dallas, Texas
Appendix J
Report of Operations Division April 28, 2006
Sara Jean Jackson, Moderator
I.
Information for the record
A.
The committee agreed to make a general policy for a
bidded audit at least every 5 years.
B.
The committee agreed to set aside $50,000 from
unrestricted reserve for use for Percept contracts with the
presbyteries
C.
The committee agreed to recommend to the executive
committee the following: That a review and evaluation of the
work, ministry and constituency of the synod include an
examination of the potential funding streams, identification of
sustainable synod programs & ministries and evaluation of how
synod enhances other entities and programs
D.
The committee agreed that the Crisp money will be
expended only when interest funds are available.
E.
The committee recommends that the mission initiative
committee do all it can do to strengthen endowment account and
avoid spending down the corpus in order to sustain the program
for a long as possible. Unspent distributions at the end of the
3 year period should go into the endowment account if possible.
Recommend that they explore a spend-down policy that reinvests a
part of the interest into the endowment account.
F.
The committee voted to refer the resolution form the
Communications Division to the Executive Committee.
II. Items for Action
A.
MSC to recommend that the Synod of the Sun receive and
approve the 2005 audit.
NOTE: MSC =
Moved, Seconded & Carried
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