The Finance Committee was formed to review and evaluate the church's finances from 2014 to 2018. They analyzed tithing and offering collections and expenditures. Tithing collections fluctuated between P279,000 to P382,000 while expenses ranged from P195,000 to P343,000. Offering collections varied from P74,000 to P184,000 with expenses between P162,000 to P213,000. The committee will recommend improvements to financial management, operating expenses, and allowances for key leaders.

1. FINANCE COMMITEE
Review and Assessment of Church Finances 2014 - 2018

2. I. MEMBERS
A. Ordained Deacons
B. Representatives from Committed Members
C. Administrative Staff

3. II. RATIONALE
The formation of the Committee on Financial Review and
Assessment responds to the emerging need to review and
evaluate the current financial flow and status of the Church of
the Redeemed Ones in Zion and recommend positive courses
of action to improve church financial management. It is
composed of: (a) ordained deacons, (b) selected
representatives from the church body, and (c) current church
administrative staff.

4. III. OBJECTIVES
1. Review the financial activity of the church in the last five years
(2014-2018);
2. Evaluate the flow of finances of the church in the last five years in
terms of:
• Financial collections
• Operating and miscellaneous expenditures
• Allowances and love gifts of pastors and key leaders
3. Give recommendations to eldership on the improvement of
finances based on the review and evaluation made by the
committee.

5. IV. REVIEW OF
FINANCES

6. 0.00
50,000.00
100,000.00
150,000.00
200,000.00
250,000.00
300,000.00
350,000.00
400,000.00
Tithes Expenses
282,849.75
342,929.50
309,522.50
326,997.50
279,066
318,720
382,407.64
325,320.00
179,110.25
195,430.00
CHURCH TITHES COLLECTION & EXPENSES (2014-2018)
2014 2015 2016 2017 2018

7. 0.00
50,000.00
100,000.00
150,000.00
200,000.00
250,000.00
Offering Expenses
213,015.14
183,167.25
176,930
160,164.63
183,924.24
161,910.14
197,030.92
181,444.50
74,328 74,939.50
CHURCH OFFERING COLLECTION & EXPENSES (2014-2018)
2014 2015 2016 2017 2018

8. 282,849.75
309,522.50
279,066
382,407.64
179,110.25
342,929.50
326,997.50 318,720 325,320
195,430
-60,059.75
-17,455.00
-39,633.75
57,087.64
-16,339.75
-100,000.00
-50,000.00
0.00
50,000.00
100,000.00
150,000.00
200,000.00
250,000.00
300,000.00
350,000.00
400,000.00
450,000.00
2014 2015 2016 2017 2018
Tithes Collection vs. Expenses
Tithes Expenses Net/Loss

9. 213,015.14
176,930
183,924.24
197,030.92
74,328.09
183,167.25
160,164.63 161,910.14
181,444.50
74,939.50
29,848.39
16,817.89
23,494.10
49,586.42
-611.41
-50,000.00
0.00
50,000.00
100,000.00
150,000.00
200,000.00
250,000.00
2014 2015 2016 2017 2018
Offering Collection vs. Expenses
Offering Expenses Net/Loss

10. Leaders’ Monthly Allowances – P4,500
Worker 2014 2015 2016 2017 2018 Proposed
Increase
Projected
Allowance
Ptr. Erick* 8,000 +
4,000
8,000+4,000 8,000+4,000 8,000+4,000 8,000+4,00
0
2,000.00 10,000+
4,000
Ptr. Roger 4,000 4,000 4,000 4,000+2,000*
*
6,000 1,000.00 7,000
Ptr. Mario 1,500 1,500 1,500 (resigned) (resigned)
Ptra. Janette 1,500 1,500 1,500 1,500 500.00 2,000
Mark 2,000 2,000 2,000 2,000 2,000 2,500
Myrna 700 700 700 700 700 500.00 1,200.00
Nora 1,000 (deceased) (deceased) (deceased)
Joey 500 500 500.00
*– Allowance + Transpo (additional 1,000 if 5 Sundays) ** – April 2017
onwards

11. V. Recommendations
1. Financial management
2. Operating expenses
3. Allowances of key leaders

12. Allowance
P23,700.00 (Allowances)
P31,000.00 (2017)
P29,000.00 (Average 2018)
P5,300.00
P15,000.00 (Projected Expenses 2018)
P12,480.00 (Actual Average 2018)
P15,000.00