If you were to take out the last fifteen journals of the Rocky Mountain Conference and the unpublished auditors report for 2016, which will be in the next Journal, you too could create the following chart.
This is the cash and investment position of the conference over the last sixteen years.
It shows in this non-budget area of accumulated cash and our other investments, we have increased our value by over 700%. I show how much in 2001 ($1,559,396) and two of the last three years.
I will attempt to unpack these numbers in future blogs.
For those who have a lot of history with the conference, please know that this does not include how we are doing in terms of obligations for those retirees who had service before 1982. That is a separate pile of money.
For the next several entries on this blog, I intend to try and take a little of this apart. I will endeavor to be as fair as I possibly can in why this money exists. I really do understand the why, and I hope to share that with you as we move through this, but my concern is that during a period of significant performance decline in key missional metrics, we have accumulated significant capital.
At least one person on Saturday at Annual Conference asked me "and that is bad?" Let's see in five or six blogs how I do on this, but no, it isn't bad in and of itself. What is bad is the lack of transparency in how this occurred.
What is our mission again?
If our role were the accumulation of capital through wise financial planning I would say we are doing quite well, quite well indeed.
Read on please.
Selah, Dennis Shaw
The next blog is HERE.
No comments:
Post a Comment