The Cincinnati-based audit firm of Clark, Schaefer, Hackett and Co. once again performed the audit, and once again issued an “unqualified” opinion, noting that the financial statements “present fairly, in all material respects, the financial position of [the Church] as of June 30, 2016 and 2015, and the changes in its net assets and its cash flows for years then ended in accordance with accounting principles generally accepted in the United States of America.”
These statements reflect another year of operations in which God has blessed the Church with strong income and a continually increasing base of coworkers and other donors.
Below are some of the highlights of the financial statements:
- Due to the continued generosity and faith of Church members, coworkers, and other donors, cash and certificate of deposit balances of the Church increased by almost $500,000 over the prior year end.
- Supporting the Church’s mission to “make disciples in all nations and care for those disciples,” 53 percent of total Church expenditures this year were in the areas of congregational care, international subsidies, and hosting the Feast of Tabernacles.
- Supporting the corollary mission of the Church to “preach the gospel of Jesus Christ and the Kingdom of God in all the world,” about 30 percent of total expenditures this year were in the areas of public proclamation.
We are grateful to God the Father and the Head of the Church, Jesus Christ, giver of all good gifts, for providing the needs of His Church. We continue to look to Him for guidance and direction that “His will be done” and that all we do will bring glory to His name.
Our gratitude and appreciation, of course, also extends to the faithful members of the Church and others who support the Work through their generous tithes and offerings. We solicit the prayers of all who support the Church, that God would give wisdom in the management of its financial and other affairs.