Board of Management

Board Members

Peter Falk

Glyn Allen

Randy Schellenberg

Charles Gagnon

Werner Dick

Peter Dueck

Bernard Harder

Marilyn Hiebert

Dave Andres

STAFF

Jake Neufeld

Alf Huebert

Paul Woods

Ross Hardy

Ron Wood

Bertha Dyck

Charlene Hildebrand

Madelaine Friesen

What's new in the past biennium

The board has been reduced in size from 12 to 9 members.
A Stewardship Committee has been established to give assistance to the treasurer in investments and to observe and monitor fund performance.
A $5 million supplementary line of credit has been established.
The Conference group insurance benefit plan (excluding the pension plan) has been tendered from Mutual Life to Manulife Financial.
The Manitoba MB Conference no longer "guarantees" its portion of Conference funding.

Financial management

After 22 months or 91.7% of our 2-year budget (which ends May 31), we have raised 84% of our budget, with a current shortfall of $219,231.
Evangelism needs to raise $108,108 to meet its budgeted income.
Conference Ministry Support Fund per-member giving to the end of February is $40.64, up $.65 over last year, but total Conference contributions of $141.21 per member are down over $15 from the previous year.
We recommend that the CMSF per-member norm be set at $87 for 1996/97 and $88 for 1997/98.
A $400,000 line of credit has been extended to Concord College, repayable on or before June 1, 1997.

Stewardship Ministries

The mortgage funding shortfall during the summer of 1995 (that is, we had lent out more money in mortgages than we actually had in our funds) has been rectified. The present fund balances are:

	Annuities	- 	$  919,000
	Deposit funds	-	17,029,000
	RRSP's		-	12,872,000
	Endowments		 3,649,000
	TOTAL 			34,469,000

Loans have been made to 66 churches and 95 pastors/employees totalling $32,435,000. All are current. We presently have funds available to lend to churches and pastors.

Christian Press

The Press anticipates completing the year with a small surplus, with 50% returned to the Conference users of Christian Press.
Hymnal sales total 14,500, with a second run of 5000 planned for this summer.
Building renovations have been virtually completed, and a new logo is in place. New exterior signage will be installed this summer.
A Macintosh PC has been installed to do computer graphics and desktop publishing.
The Press is developing a 5-year business plan.

Personnel changes

Thanks to Peter Falk for his many years of services to our Board. He is now on stress leave from his pastoral ministry and from his Board responsibilities. Our prayers go out to him for a speedy recovery.
The Board thanks Jake Neufeld, Alf Huebert, Ross Hardy, Paul Woods, Bertha Dyck, Charlene Hildebrand and Madelaine Friesen for their faithful service.
The board extends its thanks to Harry Olfert for his past guidance and leadership on the Christian Press Committee.

Return to the M.B. Herald Vol. 35, No. 10 Home Page