4 WHEREAS, The Budget and Finance Committee prepared and submitted a revised

5 spending plan for fiscal year-end January 31, 2009, and a proposed spending plan

6 for fiscal year end January 31, 2010, for review and approval by the Synod Council;

7 and

9 WHEREAS, The Synod Council has approved this revised spending plan for the

10 year-end January 31, 2009, anticipating $2,940,000 in unrestricted congregational

11 giving, other income of $623,749 in transfers from designated grants or restricted

12 funds used for their restricted purpose, for an income total of $3,563,749; and

14 WHEREAS, The revised January 31, 2009 year-end spending plan supports the

15 ministries of the Synod and our regional partners including a covenant of 51 %,

16 representing congregational giving of $1,499,400 to our Churchwide Organization,

17 included in expense totaling $ 3,563,749. This action results in a balanced budget

18 before payment of current liabilities and adjustments for other cash and non-cash

19 expenditures; and

21 WHEREAS, The Synod Council has approved this proposed spending plan for the

22 year-end January 31, 2010, anticipating $3,031,434 in unrestricted congregational

23 giving, other income of $644,150, in transfers from designated grants or restricted

24 funds used for their restricted purpose, for an income total of $3,675,584; and

26 WHEREAS, The revised January 31, 2010 year-end spending plan supports the

27 ministries of the Synod and our regional partners including a covenant of 51 ¼ %,

28 representing congregational giving of $1,553,609 to our Churchwide Organization,

29 included in expense totaling $3,675,584. This action results in a balanced budget

30 before payment of current liabilities and adjustments for other cash and non-cash

31 expenditures; therefore be it

33 RESOLVED, that the revised Ministry Spending Plan for year-end January 31, 2009

34 of $3,563,749 and the proposed Ministry Spending Plan for year-end January 31,

35 2010, of $3,675,584, columns “C” and “D” in the Ministry Spending Plan summary,

36 respectively, be adopted as presented.

39 Submitted by Florida-Bahamas Synod Council