United's Financial Statements Again Reflect God's Blessings

Independent auditors give financial statements a clean bill of health. The fiscal year saw the mortgage on the home office paid off and expenditures for preaching the gospel increased 17 percent.

by Tom Kirkpatrick, Treasurer

We have included on this two-page spread the audited financial statements of the United Church of God, an International Association, for the fiscal year ending June 30, 2007, along with the auditors' report and a summary of key financial indicators, taken from the statements. [Please see PDF or printed versions for scans of the financial statements.]

The audit firm of Clark, Schaefer, Hackett and Co. of Cincinnati, Ohio, once again performed the audit, and issued an "unqualified" opinion, which is the desirable kind to receive.

These statements reflect another year of operations during which the Church has been blessed with stable income and sound operational control of expenditures.

During this year, the Church paid off the 15-year mortgage on the home office facility in Cincinnati (after five years). At the same time, the Church has now maintained its reserve position, as mandated by policy.

Expenditures for preaching the gospel grew by 17 percent, in a year when total income increased 7 percent.

We are grateful to God the Father and the Head of the Church (Jesus Christ), giver of all good gifts, for providing these increases and results. Our gratitude and appreciation, of course, also extends to the faithful members of the Church and others who support its work through their faithfulness in giving tithes and offerings.

As always, we solicit the prayers of all who support the Church, that God would give wisdom in the managing of its financial affairs. UN