Finances
LUMC Finance Committee

The finance committee provides financial direction to the administrative board for spending and stewardship. Besides creating a budget, the committee monitors income and expense on a monthly basis. The pledge drive each fall is coordinated by the committee as an essential part of the budgeting process. Each year all the financial records are audited and the financial policies of the church are reviewed. Another function, is to communicate the financial status to our members. The Administrative Board receives a detailed report at each meeting to keep the leadership informed of the financial status. Throughout the year the congregation receives updates on the financial status which appear in the bulletin, on posters, in the Circuit Rider and presentations in church or Sunday school as needed.

The committee is comprised of the chairpersons of the Trustees, Council of Ministries, Staff Parish Relations, Administrative Board with Lay Leaders, Stewardship and Ad Hoc members. The Pastor, Treasurer and Financial Secretary are also members of the committee. We meet on the 2nd Tuesday of every month.

CHURCH ACCOUNTS

The church administers a wide variety of funding accounts to support its operations and mission activities. Some of the more important accounts include:

- Operations, to support the general expenses of the church
- Benevolence, for members' gifts for special projects
- Improvement, to support major capital upgrades
- General Memorials, for purchase of memorials
- Stevenson Endowment, for college scholarships
- Slyh Endowment, for nursing scholarships
- Ruthrauff Endowment, for architecture/draftsmanship scholarships
- General ("New") Endowment, for church mission and ministry
- Undesignated Bequests, for projects as approved by the Administrative board.

CHURCH BUILDING PROJECT IMPROVEMENTS
COMPLETED IN EARLY 2003
New ceiling design of Stringer Auditorium and many improvements including better acoustics, carpeting, indirect lighting, and a larger usable area. Stringer is a fellowship room used for Sunday school class, annual fund-raising dinners, covered dish suppers, youth services, enjoying refreshments after church, and other activities.
This 5-level elevator was installed to make all floors of the church building accessible to all.
A new commercial-grade refrigerator and convection oven in our kitchen, completely renovated based on a redesign to be more serviceable and meet codes. Other new items included an automatic fire extinguishing system, a code-compliant floor, new lighting, dish dollies, updated dishwasher, and stainless steel sinks, counter tops, and wall cabinets.

During our annual Roast Beef Dinner (the first Saturday of March) and Turkey Dinner (the first Saturday of November) open to the community, the kitchen becomes very active. Profits from these dinners are given to mission projects. Other events include a pancake breakfast for our congregation held before Christmas.
New larger meeting room and library area, part of the complete redesign of office space including offices of the minister, minister of visitation, and administrative assistant, new copier room, and new central air conditioning with multiple zones for both the offices and nursery.
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