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audit
While the decision concerning the renovation of the Presbyterian Center may have received the most attention, the Presbyterian Church (U.S.A.), A Corporation Board of Directors dealt with other important matters during its May 19-20 meeting.
Pending approval from the Presbyterian Mission Agency Board, the Presbyterian Center, the denominational headquarters for the Presbyterian Church (U.S.A.) for nearly 33 years, will undergo an estimated $2.4 million renovation this fall and winter to prepare the first story and part of the second to host the 225th General Assembly next year and, presumably, future assemblies as well.
The 2017 financial statements for the Presbyterian Church (U.S.A.), A Corporation, have received a “clean opinion” from their independent auditors, indicating they believe the statements “present fairly, in all material respects,” A Corporation’s financial position and operations. The 2017 audit was conducted by MCM CPAs & Advisors LLP. This is the first year that MCM has audited the financial statements for the A Corporation.
The Finance and Audit committee of the Presbyterian Mission Agency Board heard reports from financial services and audit team members today that painted a positive picture of the agency’s finances for the first half of 2017.
Reversing several years of a downward trend in congregational giving, a report today from to the Audit and Finance committees of the Presbyterian Mission Agency Board showed 2016 mid-year giving at $2,794,449, which is an increase of $1,000,699 over the budgeted $1,793,750, and $610,021 over last year’s mid-year mark.
