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Meeting via Zoom on Thursday, the Presbyterian Church, A Corporation Board of Directors made short work of its agenda, taking a few actions and providing a handful of updates before voting to enter into closed session to discuss personnel, property, litigation and security matters.
It took commissioners all day Friday, but by the end of the second day of Unification Commission meetings, the 12-member group had spread the considerable work it must complete over four teams: Governance, Financials, Common Mission and Consultations. Two or three commissioners volunteered themselves for each of the four teams.
With nearly all the bills in and paid for, the Conference Center project at the Presbyterian Center in Louisville, Kentucky came in at about $130,000 under the revised budget of about $3.88 million, A Corp President Kathy Lueckert reported to the Presbyterian Church (U.S.A.), A Corporation Board of Directors Friday.
Ian Hall, the Presbyterian Church (U.S.A.), A Corporation’s chief operating officer and chief financial officer, had mostly good news for the A Corp Board Friday while presenting a financial report comparing June 30, 2022, to June 30, 2021.
The Presbyterian Mission Agency Board approved proposed 2023 and 2024 budgets for the mission agency Wednesday of about $70.1 million for 2023 and about $70.7 million for 2024.
The Resource, Allocation and Stewardship Committee of the Presbyterian Mission Agency Board approved proposed PMA budgets for 2023 and 2024 Wednesday. Those budget proposals now go on for consideration by the full PMA Board when it meets later this month and then by the 225th General Assembly this summer.
The A Corp Board will be hearing a presentation during its April meeting on whether to shift a percentage of about $50 million in A Corp holdings to investment firms that are run by Black fund managers.
Global Language Resources is using Machine Translation to provide hospitality to Presbyterians who don’t have English as their first language.
Ian Hall, who began work in June as the chief financial officer and chief operating officer of the Presbyterian Church (U.S.A.), A Corporation, had a rosy financial report Friday to share with the A Corp Board in a report covering the first seven months of 2021.
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.