Report of the Board of Directors of the BFC
The Board of Directors of the BFC held four regular meetings to attend to corporate business related to Annual Conference, to agencies, and to churches.
The board provided oversight, advice, and assistance in respect to fiscal, legal and property acquisition and disposal as follows: Annual Conference, medical insurance, administrative budget, and Board of Church Extension.
American Insuring Group, LTD, continues as agent of record for BFC sponsored health insurance plans. Policy holders with questions or concerns should contact Mr. David Ross, who administers the program for American Insuring Group, LTD. Mr. Charles Lavigna serves the Board of Directors as Medical Insurance Coordinator and liaison with Mr. Ross. He is available to churches as needed.
There is little new to report on a legal suit against BFC and others filed in Duchess County, NY almost two years ago for the complaint is still outstanding. We urge you to continue to pray that this matter will be settled in a fair and expeditious manner.
In Summer of 2004 it was necessary for the Board of Directors to borrow $23,000 from the Real Estate Fund as an emergency measure to satisfy a financial shortfall experienced by the”One Voice” event. The Board of Church Extension was informed of the need to take this step as provided by legislation approved by Annual Conference, and it is our duty to inform the Annual Conference that the legislation that enabled the Board of Directors to borrow these funds from the Real Estate Fund requires that the loan be paid back to the fund within one year (2004 Yearbook, p. 51). As of December 31, 2004, $13,759.77 was still owing. The Strategic Planning Committee will continue to contact churches to gain further contributions in an effort to liquidate this debt by May 1, 2005. We urge every church to make a donation toward liquidation of this debt.
All funds are deposited in Wachovia Bank. Accounts were audited by Linda K. Yull.
We recommend that the 122nd Annual Conference adopt the following:
1. Resolved, that the rate of mileage reimbursement for conference business conducted in 2005 be 24¢ per mile.
2. Resolved, that the Administrative Budget for January 1, 2005 to December 31, 2005 be adopted.
3. Resolved, that the Administrative Budget for January 1, 2006 to December 31, 2006, be approved for submission to the churches for their pledges.
Pledges for the 2006 Administrative Budget shall be received by the Financial Secretary by September 1, 2005.
Board of Directors, BFC; Randall A. Grossman, President; Carl C. Cassel, Vice President; David J. Watkins, Secretary; Horace A. Kauffman, Financial Secretary; Robert W. Gehret, Treasurer; Charles A. Lavigna, Hospitalization Secretary; Raymond R. Dotts, L. James Roberts, Jr., Gregory A. Uhrich