Report of the
Board of Directors of the BFC
The Board of Directors of the Bible Fellowship Church 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, and churches.
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.
A legal suit against Bible Fellowship Church and others, filed in Duchess County, NY, four years ago, was settled in 2005. However, it was not possible at that time for the Holmes BFC to fund the settlement. Accordingly, funds were borrowed by the Board of Directors from Quakertown National Bank to fund the settlement. In 2006 the Holmes Church repaid these funds, and all other funds supplied by BFC entities, with money received in the sale of the Holmes parsonage.
In its meeting of December 1, 2006 the Board of Directors approved the following resolution in response to a proposal from the Strategic Planning Committee that changes be made in the administrative structure of the BFC.
Whereas, the Board of Directors favors changes in the administrative structure of the Bible Fellowship Church, and
Whereas, the Board of Directors sees both potential and the need for further refinement in the proposal of the Strategic Planning Committee, therefore be it
Resolved, that the Annual Conference approve creation of a Steering Committee as described in attached material titled Steering Committee and dated December 1, 2006, and, be it further
Resolved, that the Annual Conference ratify the appointment by the Board of Directors of the following men to be the members of the Steering Committee: David T. Allen, Carl C. Cassel, Raymond R. Dotts, Robert T. Evans, Jay H. Fasnacht, Randall A. Grossman, Ronald W. Reed, Robert A. Sloan, Hans R. Waldvogel, J. Robert Vaughn, Richard J. Volpe, Timothy D. Weaber, Robert H. Zentz.
All funds are deposited in Wachovia Bank. Accounts were reviewed by Linda K. Yuill.
We recommend that the 124th Annual Conference adopt the following:
1. Resolved, that the rate of mileage reimbursement for conference business conducted in 2007 be 27¢ per mile for calendar year 2007.
2. Resolved, that the Administrative Budget for January 1, 2007 to December 31, 2007 be adopted.
3. Resolved, that the Administrative Budget for January 1, 2008 to December 31, 2008 be approved for submission to the churches for their pledges.
Pledges for the 2008 Administrative Budget shall be received by the Financial Secretary by September 1, 2007.
Board of Directors of the 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; David T. Allen, L. James Roberts, Jr., Gregory A. Uhrich.
Steering Committee
Purpose
To formulate policies and procedures as to how the proposed Executive Board and Executive Director would be elected and how they would function. It shall work in consultation with the Board of Directors and the Strategic Planning Committee. It will then write legislation to implement these plans.
The committee will steer these proposals through the legislative process and provide answers to the questions that arise along the way. After the Executive Board is formed, the Steering Committee would work with that Board as it seeks to organize itself.
The Steering Committee will be appointed by the Board of Directors and ratified by the 124th Annual Conference in April 2007.
Composition
The Steering Committee would be composed of 13 members from the Board of Directors, agencies, church pastors, and laymen with business, financial, or legal experience.
Proposed Timeline
February 2007 Board of Directors approves members of the Steering Committee
April 2007 Annual Conference approves Steering Committee and ratified its members
Annual Conference approves adjourned session
March 2008 Adjourned Session – detailed presentation by Steering Committee
April 2008 Complete legislation presented at 1st Reading
Executive Board elected for purpose of organizing for one year
April 2009 Legislation approved at 2nd Reading
Executive Board begins to officially function
Replaced boards and committees are dissolved
Bible Fellowship Church
Balance Sheet
[Not included]