Important Announcement, 05/21/2013:

Please pray for the people of Oklahoma. If you wish to donate, at this time we suggest www.samaritanspurse.org or www.redcross.org. Thank you.

Church Finances

Church Finances

Our Financial Priorities

The priorities that direct the spending at White River are broken into five "buckets.” We use this bucket analogy to demonstrate how the money flows thru the priorities. All funds that come to WRCC are essentially poured into the first bucket, and the overflow continues to fill the rest of the buckets as funds allow. Each week all the funds are poured into bucket one and the remaining buckets are all filled until the funds are depleted.

  • Each Monday, a check is written for 8% of the weekly offering to Global Expansion and 4.5% to Community Works. Funds for the mortgage, payroll and employee benefits are also reserved weekly.

Bucket #2

  • Each Monday, ministry programming resource requests are prioritized according to the 2012 Budget and available funds. Examples of programming expenses include children's curriculum, coffee, counseling, small group materials, office supplies, subscriptions and professional fees, worship music and information technology, etc.

  • This category is designed as an "emergency fund" for unexpected expenses and periods of decreased cash flow.
    BUCKET #3 is maintained at 2-4 weeks expenses. When the bucket is full, funds are carried on to the next bucket. When the bucket is below the reserve amount, we fill it up.

  • Special projects are funded as defined by the Eldership.

  • WRCC sets aside funds to avoid debt and for future growth. 

     

Financial Accountability

WRCC understands that people have a legitimate concern about what happens to money that is donated to churches. It is imperative to us that members are assured that their donations are used in a responsible and effective way.

The Annual Operating Budget is presented to the congregation in January. Each week a review of giving and resource needs occurs. Ministry leaders submit budget resource needs in writing and receive a "green light" to go or "red light" to HOLD, based on available funds.

A monthly review of our bank statements is performed by an external party in addition to an annual review of our financial statements by an independent CPA firm.