<html><head><style type='text/css'>body { font-family: 'Arial'; font-size: 10pt; color: #000000}</style></head><body>Our undesignated cash balance varies week to week, it all depends on what expenses need to be paid but I try to not let it dip below $1,000. We'd really like to keep more than that in the bank for unexepected expenses, but at this time it's just not possible for that to happen. <br><br><br><br>----- Original Message -----<br>From: "Ed Harris" <eharris@mindspring.com><br>To: lcfinance@listserv.nccumc.org<br>Sent: Monday, June 2, 2008 10:49:43 PM (GMT-0500) America/New_York<br>Subject: [LCFinance] Cash Balance/working capital<br><br>
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<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;">It would be helpful to our finance committee and the church leadership
to have some information on some churches’ current cash balances and your
annual operating budget.</span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;"> </span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;">If you’re willing to share, I’d be interested in
three things:</span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;"> </span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;"> </span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;">1 Your total cash balance $___32,888.82_____________</span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;">2. Your annual operating budget $_______354,721, this includes apportionments______</span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;">3. Your total undesignated cash balance (if you know)
$____6,460.48_________</span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;"> </span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;">Also any other information or comparisons regarding working
capital would be helpful.</span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;"> </span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;">If you would like a summary, just let me know. I’ll
be happy to summarize and share or post.</span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;"> </span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;">Please reply and let us know.</span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;"> </span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;">Many thanks in advance.</span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;"> </span></font></p>
<p class="MsoAutoSig"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;">Ed Harris </span></font></p>
<p class="MsoNormal"><font face="Arial" size="3"><span style="font-size: 12pt; font-family: Arial;">Asbury-Raleigh</span></font></p>
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