[Magdalen] Budgets Question

[Marion Thompson]

It's not a matter of laundering, especially as the money doesn't 
actually pass through our operating budget.    FaithWorks, the Diocesan 
scheme that raises money for all the ministries it supports, is the only 
one that is more closely tied to us, but those funds are in Other 
Income, too.  We can keep 15% of what we raise for the Diocese for local 
charities and we pay that straight out, so Net Zero.

I thought that it would be a good thing optically if there was a line 
item for something directly supported by the church, an expense not 
neceaarily covered 100% by donations, something that would make the 
point the Outreach people want to make.  However, I don't think it fits 
our accounting  and my invoking Matthew 25: 34-36 for the optics has not 
carried the day.  My fellow warden sees it as patting ourselves on the back.

Marion, a pilgrim


On 1/23/2018 9:52 AM, ME Michaud wrote:
> I have a naughty outreach story:
> I knew of a rector once who requested an gift to a pivate school.
> Miraculously,
> the amount of the gift was nearly identical
> to the amount of his son’s tuition at that same school.
>
> That said, I can imagine your discussions are lively.
> I’ll be interested in the consensus.
> My own thoughts?
> Not declaring money you raise to the diocese
> feels a little like money-laundering,
> but I could probably be persuaded to think in the opposite direction.
> -M
>
> What is the practice out there for recording support of Outreach activities?
>> Our people are generous donors in all sorts of ways beyond Givings.  Our
>> Outreach Committee would like a line in the Operating Budget that
>> somehow reflects that our  financial plans extend to meeting needs of
>> the less fortunate, locally, in the Diocese, nationally and
>> internationally.  Does everyone routinely simply record outreach-type
>> revenue as an in-out money-raised = money-paid component of Other Income?
>>
>> One hitch is that our revenue figure as shown in the Operating Budget is
>> used for our Diocesan assessment.
>>
>> Just curious.  We're having a brisk discussion at this end that reflects
>> several points of view.
>>
>> Marion, a pilgrim
>>