Financial Report 2017

Transcription

1 Financial Report 2017 Peninsular Florida District Council Of the Assemblies of God, Inc E Memorial Boulevard Lakeland, Florida OR

2 Office of the Executive Treasurer M. Wayne Blackburn May, 2018 Choice Christian greetings! Joshua 1:8 says For then thou shalt make thy way prosperous, and then thou shalt have good success. We understand the contingent factor of that promise is found in you and me being faithful to the call of God in our lives; being certain that we believe and adopt the scriptural principles of God s Word daily. Also, we are to be certain that, in whatever we do, we place God first. This financial report is an indicator that our ministers and churches in Peninsular Florida are placing God first. Why shouldn t we desire to follow God, especially in His creative wisdom? For example, did you know that each watermelon has an even number of stripes on the rind? Each orange has an even number of segments. Each stalk of wheat has an even number of grains. You may remember that it was our God who sustained us during the worse hurricane to hit Puerto Rico, the Virgin Islands, and the peninsula in recent years. Your response was remarkable. Our pastors and churches responded with food, with finances, and were able and willing foot soldiers, helping with the cleanup. The response was nothing short of miraculous. That allowed us not only to speak and preach what we believe, but also to put it into practice so that it could be manifested. As you see the financial report, it is obvious that we had another wonderful year that shows God s favor upon us. Each ministry department did it s very best to keep ministry active and alive, while receiving the proper funds to make that vision become a reality. Our auditors were extremely pleased with the financial integrity and progress of our churches, ministers, and district leadership. The Finance Division simply serves as stewards and accountants of the funds that we receive. Those of you reading these reports are the ones responsible for the income that comes by the Hand and the favor of our Lord and Savior. You will notice that, at the beginning of 2017, we had a total of $7,716, At the end of 2017, our balance was $9,001, That is a tremendous increase, and we are thankful! Because of the inclement weather (i.e. the hurricane), we found ourselves having to support and assist many churches and ministries due to the limitations of their insurance. But, God was very faithful.

3 Page 2. In the District Office, we continue to labor under self-imposed financial constraints in order to stay within our financial guidelines. Everyone in the office does a great job with those constraints. The Finance Committee met at least five times this year and reported to the Presbytery four times. Our auditors gave us another clean audit. We are extremely thankful to Jane Grinstead, our Chief Financial Officer, and to the ladies in the Treasurer s Division, as well as to Renee Cotton, my personal administrative assistant. Thanks, also, to the Executive Leadership Team of our District, led by Superintendent Raburn and to the Finance Committee. Finally, thanks to Sharon, my spouse, for sharing me, and for allowing me to be diversified in my responsibilities. With joy, it is a blessing to say thank God for His miraculous favor and the faithfulness of God s people! Respectfully submitted, M. Wayne Blackburn PFDC Executive Treasurer P. O. Box Lakeland, FL x fax

4 District Council 2018 May 21 thru 23 Calvary Assembly of Orlando Inc 1199 Clay St Winter Park, FL

5 Peninsular Florida District Council of the Assemblies of God, Inc. Mail: PO Box 24687, Lakeland, FL Location: 1437 E Memorial Blvd, Lakeland, FL Phone: (863) Fax: (863) jgrinstead@penflorida.org or lclark@penflorida.org Executive Officers Superintendent: Terrell R. Raburn Assistant Superintendent: R. Scott Young Executive Secretary: Steve L. Powell Executive Treasurer: M. Wayne Blackburn

6 District Presbyters N. Jacksonville Area: J. Strickland S. Jacksonville Area: D. Hutto Gainesville Area: G. Evans Ocala Area: D. Strickland Daytona Area: M. Modica Orlando Area: D. Matlock Dade City Area: J. Hensel Clearwater Area: R. Helms Tampa Area: Vacant SE Hillsborough: B. Simpson Lakeland Area: W. Blackburn Avon Park Area: J. Bryant Sarasota Area: S. Coad Ft. Myers Area: J. Baschieri West Palm Bch Area: R. Jones Ft. Lauderdale Area: W. Cole Miami Area: R. DeBord Presbyters at Large: Under 40: A. Burke Female Rep.: S. Pippin Youth Director: C. Casal PF Black Fellowship: M. Nelson Honorary: Tom Benigas Dan Betzer D. J. Burrell Edwin Cordero Cortez Frazier Weldon Gosnell Fred McDaniel Cecil Wiggins J. B. Wood Finance Department District Treasurer Chief Financial Officer Assistant to CFO & HR Specialist Assistant Controller Contributions/Accounts Payable M. Wayne Blackburn Jane Grinstead Lucy Clark Shirley Sharpe-Gabbel Idelisa Morales

7 Table of Contents Part One Summary Statement of Receipts & Disbursements 7 Statement of Revenue & Expenditures 9 Comparative Giving Report 30 Statement of Giving by our District Assemblies 31 Part Two Independent Auditors Report & Financial Statements

8 PENINSULAR FLORIDA DISTRICT COUNCIL OF THE ASSEMBLIES OF GOD, INC. SUMMARY STATEMENT OF RECEIPTS AND DISBURSEMENTS 2017 DESCRIPTION OF FUND: ON HAND RECEIPTS DISBURSEMENTS BALANCE 01/01/17 12/31/17 ADMINISTRATION FUND: $ 2,604, $ 3,654, $ 2,823, $ 3,436, PF MISSIONS FUND: PF Missions-Restricted Funds $ 948, $ 2,414, $ 2,382, $ 980, PF Missions-Unrestricted Funds $ (808,091.21) $ 847, $ 717, $ (678,346.04) PF Missions-Church Planting $ 1, $ 70, $ 29, $ 41, TOTAL $ 141, $ 3,332, $ 3,130, $ 344, DISTRICT YOUTH FUND: Youth Department $ 59, $ 628, $ 521, $ 166, Youth Camp $ 43, $ 619, $ 585, $ 77, TOTAL $ 103, $ 1,247, $ 1,106, $ 244, CHRISTIAN EDUCATION FUND: Christian Education $ 13, $ 74, $ 68, $ 19, District School of Missions $ 54, $ 39, $ 29, $ 63, PF Kids $ 13, $ 12, $ 10, $ 15, TOTAL $ 80, $ 126, $ 108, $ 98, LEAGUE OF CHRISTIAN SCHOOLS: $ 208, $ 459, $ 403, $ 264, CAMP PROPERTIES FUND: Masterpiece-Operations $ 152, $ 701, $ 645, $ 208, Masterpiece-Development $ 1,672, $ 315, $ 296, $ 1,691, TOTAL $ 1,825, $ 1,016, $ 942, $ 1,900, MEN'S MINISTRIES: $ 4, $ 28, $ 31, $ 1, ROYAL RANGERS: $ 1, $ 11, $ 10, $ 3, TRUST FUNDS: $ 10, $ 321, $ 318, $ 13, ITINERANT MISSIONARY FUND: $ (56,483.90) $ 357, $ 369, $ (68,474.07) 7

9 PENINSULAR FLORIDA DISTRICT COUNCIL OF THE ASSEMBLIES OF GOD, INC. SUMMARY STATEMENT OF RECEIPTS AND DISBURSEMENTS 2017 DESCRIPTION OF FUND: ON HAND RECEIPTS DISBURSEMENTS BALANCE 01/01/17 12/31/17 BETHANY APARTMENTS: $ 97, $ 57, $ 73, $ 81, WOMEN'S MINISTRIES: $ 79, $ 415, $ 388, $ 106, GIRLS MINISTRIES: $ 122, $ 124, $ 141, $ 106, CHURCH ESCROW FUND: $ 2,487, $ (9,779.07) $ 17, $ 2,460, ADULT MINISTRIES: $ 3, $ 17, $ 12, $ 8, TOTAL OF ALL FUNDS: $ 7,716, $ 11,162, $ 9,877, $ 9,001, DESCRIPTION: ON HAND BALANCE 01/01/17 12/31/17 Petty Cash $ $ District Checking Account $ 353, $ 277, Savings & Investments $ 7,300, $ 8,605, Pay Pay - In Transit $ - $ 1, VISA Money Cards $ 2, $ 2, Camp Accounts $ 59, $ 114, TOTAL CASH $ 7,716, $ 9,001,

10 ADMINISTRATION - REVENUE STATEMENT OF REVENUE AND EXPENDITURES 2017 ADMINISTRATION FUND Contributions $ 2,767, Assemblies 14, Individuals 37, Ministers' Tithes 2,705, Other Funds 10, District Events $ 51, District Council Offerings 7, District Council Registration 25, PK Retreat 17, Investment Revenue $ 694, Miscellaneous Revenue $ 89, Credential & Ordination Fees 19, Reimbursements 58, Real Estate Management 12, TOTAL REVENUE-ADMINISTRATION FUND $ 3,602, Add Non-Revenue Items $ 51, Liquidated Assets 41, Loans Receivable 10, TOTAL RECEIPTS-ADMINISTRATION $ 3,654, ADMINISTRATION - EXPENDITURES Salaries & Employee Benefits $ 1,215, Travel Expense $ 23, District Presbytery Expense & Honorariums $ 146, District Presbytery Expense 35, Presbytery Honorariums 111, District Council Expense $ 66, Honorariums 7, Meals & Lodging 5, Ordination Banquet 1, Other Expense 41, Other Meal Events 3, Printing Reports 5, Other Retreats & Conventions $ 73, Commissioning Banquets 1, General Council & Presbyters 16, PK Retreat 41, Seminar & Leadership Conference 13, Young Leaders Seminars Contributions to Other Funds & Ministries $ 593, Benevolence 4, Contributions to Other Funds 1, Grants to Educational Institutions 25, Grants to General Council 6, Grants to Ministers

11 STATEMENT OF REVENUE AND EXPENDITURES Masterpiece Development-10% Ministers' Tithes 270, PF Missions-5% Ministers' Tithes 135, Scholarships to A/G Colleges 15, Southeastern University-5% Ministers' Tithes 135, District Publications $ 18, Website 4, Yearbooks 14, General Expense $ 438, Awards & Gifts 14, Background Verification 2, Committee Expense 1, Computer & Related Costs 45, Copier Expense 3, Depreciation 86, Dues & Subscriptions 5, Floral Remembrances Insurance-Office 42, Janitorial Labor & Supplies 17, Legal & Accounting 29, Hurricane Damages 23, Merchant Fees on Credit Cards 40, Miscellaneous Office Entertainment 6, Promotions Postage 32, Repairs & Maintenance 18, Security 4, Supplies-Other 13, Taxes & Licenses Telephone 17, Utilities 30, Investment Expenses Investment Real Estate Acquisition & Maintenance $ 132, TOTAL EXPENDITURES-ADMINISTRATION FUND $ 2,708, Add Non-Expenditure Items $ 114, Accounts Payable (8,483.34) Accumulated Depreciation (81,962.76) Accumulated Depreciation on Liquidated Assets 41, Accrued Wages Payable (2,257.22) Credit Card Payable (4,226.19) Equity (4,126.80) Escrow In Accounts Payable 5, Loans Payable-Punta Gorda 15, Payroll Deductions Payable (1,585.00) Purchase of Assets 154, TOTAL DISBURSEMENTS-ADMINISTRATION FUND $ 2,823,

12 STATEMENT OF REVENUE AND EXPENDITURES RESTRICTED FUNDS - REVENUE PF MISSIONS FUND Designated Offerings $ 2,323, Assemblies & Ministers 530, Benevolence 1,272, Pastors 26, Pastors-Christmas Gifts Special Ministries 493, TOTAL REVENUE-RESTRICTED FUNDS $ 2,323, Add Non-Revenue Items $ 91, Escrow in Accounts Payable 74, Managed Property Held in Trust 16, TOTAL RECEIPTS-RESTRICTED FUNDS $ 2,414, UNRESTRICTED FUNDS - REVENUE Contributions $ 144, Administration-5% Ministers' Tithes 135, District Assisted Works Florida's Faithful-Assemblies 6, Florida's Faithful-Ministers PF Next Level World Missions Returns Miscellaneous Revenue $ 8, Interest On H. M. Loans 8, TOTAL REVENUE-UNRESTRICTED FUNDS $ 152, Add Non-Revenue Items $ 694, Loans Payable-Financial Institutions-Borrowings 114, Loans Receivable-Churches to District 402, Loans Receivable-Churches to Financial Institutions 177, TOTAL RECEIPTS-UNRESTRICTED FUNDS $ 847, PF HARVEST - REVENUE Contributions $ 66, PF Missions-Designated $ 1, TOTAL REVENUE-PF HARVEST $ 68,

13 STATEMENT OF REVENUE AND EXPENDITURES Add Non-Revenue Items $ 1, Loans Receivable City Reach 1, TOTAL RECEIPTS-PF HARVEST $ 70, TOTAL RECEIPTS-PF MISSIONS FUND $ 3,332, RESTRICTED FUNDS - EXPENDITURES Designated Offerings $ 2,322, Benevolence 1,245, Churches 527, Ministers 6, National U.S. Missions Pastors 27, Pastors-Christmas Gifts 8, Radio & T. V. Ministries 30, Special Ministries 475, TOTAL EXPENDITURES-RESTRICTED FUNDS $ 2,322, Add Non-Expenditure Items $ 60, Equity (1,631,086.00) Escrows in Accounts Payable 69, Managed Property Held in Trust 1,622, TOTAL DISBURSEMENTS-RESTRICTED FUNDS $ 2,382, UNRESTRICTED FUNDS - EXPENDITURES Grants $ 36, Churches 35, PF Next Level 1, General Expense $ 38, Merchant Fees on Credit Cards 1, Miscellaneous 21, Postage Salaries & Employee Benefits 15, Travel Expense-Executive TOTAL EXPENDITURES-UNRESTRICTED FUNDS $ 75,

14 STATEMENT OF REVENUE AND EXPENDITURES Add Non-Expenditure Items $ 641, Accounts Payable (875.00) Credit Card Payable (44.00) Funds Invested in Loans Receivable-District 114, Loans Payable-Churches-Financial Institutions 177, Loans Receivable-Churches to District 349, TOTAL DISBURSEMENTS-UNRESTRICTED FUNDS $ 717, PF HARVEST - EXPENDITURES General Expense $ 2, District Council Expense 1, Dues & Subscriptions Merchant Fees on Credit Cards PF Missions $ 12, CMN - Church Plant Training City Reach-Church Planting 11, TOTAL EXPENDITURES-PF HARVEST $ 14, Add Non-Expenditure Items $ 14, Accounts Payable (599.00) Credit Cards Payable 1, Loans Receivable Churches 2, Loans Receivable City Reach 12, TOTAL DISBURSEMENTS-PF HARVEST $ 29, TOTAL DISBURSEMENTS-PF MISSIONS FUND $ 3,069, DISTRICT YOUTH DEPARTMENT - REVENUE DISTRICT YOUTH FUND Contributions $ 132, Assemblies Department Support 6, Dues 3, Ministers 1, Other Funds 40, Speed-the-Light Returns 81, Retreats & Projects $ 496, A. I. M. Outreach 58, Bible Quiz 11, District Chi Alpha 8, Fine Arts Festival 71, Fusion 281, Sale of Items Purchased for Resale 11,

15 STATEMENT OF REVENUE AND EXPENDITURES Speed-the-Light Promotions 38, Youth Alive 1, Youth Leaders Conference 11, TOTAL REVENUE-DISTRICT YOUTH DEPARTMENT $ 628, DISTRICT YOUTH CAMP - REVENUE Camp Registration Deposits $ 570, Sale of Items Purchased for Resale $ 48, TOTAL REVENUE-DISTRICT YOUTH CAMP $ 619, TOTAL RECEIPTS-DISTRICT YOUTH FUND $ 1,247, DISTRICT YOUTH DEPARTMENT - EXPENDITURES Salaries & Employee Benefits $ 102, Travel Expense $ 23, Travel Expense-Executive 22, Travel Expense-Other Retreats & Projects $ 447, A. I. M. Outreach 58, Bible Quiz 6, District Chi Alpha 8, District Council Fine Arts Festival 59, Fusion 251, General Council Girls Conference Items Purchased for Resale 7, Seminar & Leadership Conference 9, Speed-the-Light Promotions 28, Youth Alive 1, Youth Leaders Conference 15, Youth Pastors' Discipleship Contributions to Other Funds & Ministries $ 8, PK Retreat 5, World Missions 3, General Expense $ 43, Awards & Gifts 2, Committee Expense 3, Computer & Related Expense Copier Expense 7, Depreciation 1, Dues & Subscriptions 3, Floral Remembrances Insurance-District Vehicle Insurance-Storage Facility Legal & Accounting Merchant Fees on Credit Cards 6, Miscellaneous Office Entertainment Postage Public Relations 6,

16 STATEMENT OF REVENUE AND EXPENDITURES Scholarships Supplies-Other 4, Telephone 4, Unreconciled Credit Card Charges TOTAL EXPENDITURES-DISTRICT YOUTH DEPARTMENT $ 625, Add Non-Expenditure Items $ (104,327.51) Accounts Payable (32,658.65) Accumulated Depreciation (1,200.02) Credit Card Payable (74,163.84) Purchase of Assets 3, TOTAL DISBURSEMENTS-DISTRICT YOUTH DEPARTMENT $ 521, DISTRICT YOUTH CAMP - EXPENDITURES Rent-Masterpiece Gardens & Other $ 417, Honorariums $ 30, Speaker Honorariums & Travel 24, Worker Honorariums 6, Travel Expense $ 1, Travel Expense-Executive 1, Travel Expense-Other General Expense $ 136, Awards & Gifts 1, Contributions to Other Funds 40, Dues & Subscriptions 4, Items Purchased for Resale 36, Legal & Accounting Merchant Fees on Credit Cards 2, Miscellaneous 6, Office & Other Equipment Rental 28, Postage Public Relations 3, Supplies-Other 12, Taxes & Licenses TOTAL EXPENDITURES-DISTRICT YOUTH CAMP $ 586, Add Non-Expenditure Items $ (533.07) Credit Card Payable (533.07) TOTAL DISBURSEMENTS-DISTRICT YOUTH CAMP $ 585, TOTAL DISBURSEMENTS-DISTRICT YOUTH FUND $ 1,106,

17 STATEMENT OF REVENUE AND EXPENDITURES CHRISTIAN EDUCATION - REVENUE CHRISTIAN EDUCATION FUND Contributions $ 13, Assemblies, Ministers, & Individuals Sunday School Tithes 13, Retreats & Projects $ 10, Experience Conference 10, TOTAL REVENUE-CHRISTIAN EDUCATION $ 24, Add Non-Revenue Items $ 50, B. G. M. C. Returns-HM Projects B. G. M. C. Returns-Promotions 48, Escrow-PF Kids 1, TOTAL RECEIPTS-CHRISTIAN EDUCATION $ 74, DISTRICT SCHOOL OF MINISTRY - REVENUE Membership Fees & Tuition $ 39, Miscellaneous $ TOTAL REVENUE-DISTRICT SCHOOL OF MINISTRY $ 39, PF KIDS - REVENUE Contributions $ Assemblies Ministers Miscellaneous Retreats & Projects $ 12, P F Fun Arts 11, Designated Offerings - Krake Sale of Items Purchased for Resale TOTAL REVENUE - PF KIDS $ 12, TOTAL RECEIPTS-CHRISTIAN EDUCATION FUND $ 126, CHRISTIAN EDUCATION - EXPENDITURES Retreats & Projects $ 7, Experience Conference 7, Leadership Conference

18 STATEMENT OF REVENUE AND EXPENDITURES Contributions to Other Funds & Ministries $ 10, Other Funds 10, General Expense $ 2, Committee Expense Copier Rental & Supplies Merchant Fees on Credit Cards Postage 1, Salaries & Employee Benefits TOTAL EXPENDITURES-CHRISTIAN EDUCATION $ 19, Add Non-Expenditure Items $ 48, B. G. M. C. Returns-HM Projects 1, B. G. M. C. Returns-Promotions 46, Credit Card Payable (1,536.17) Equity-Transfer to PF Kids 1, TOTAL DISBURSEMENTS-CHRISTIAN EDUCATION $ 68, DISTRICT SCHOOL OF MINISTRY - EXPENDITURES General Expense $ 29, Committee Expense Computer & Related Costs 9.95 Copier Rental & Supplies Director Honorarium 5, Dues & Subscriptions Merchant Fees on Credit Cards 1, Office Printing Postage Supplies-Other Teacher Honorariums 21, Travel Expense-Executive TOTAL EXPENDITURES-DISTRICT SCHOOL OF MINISTRY $ 29, PF - KIDS - EXPENDITURES Retreats & Projects $ 8, Leadership Conference 1, PF Kids Fun Arts 7, General Expense $ 1, Awards & Gifts 1, Merchant Fees on Credit Card Sales Miscellaneous Supplies - Other

19 STATEMENT OF REVENUE AND EXPENDITURES Travel Expense - Executive Website TOTAL EXPENDITURES-PF KIDS $ 10, TOTAL DISBURSEMENTS-CHRISTIAN EDUCATION FUND $ 108, LEAGUE OF CHRISTIAN SCHOOLS - REVENUE LEAGUE OF CHRISTIAN SCHOOLS Fees & Dues $ 290, Accreditation Fees 29, FCCPA Participation 40, Member Services 1, Membership Fees & Dues 146, Rebates 71, Retreats & Conventions $ 167, Annual Conference 88, Competitions 20, Conventions 27, Leadership Seminars 27, Special Projects 3, TOTAL REVENUE-LEAGUE OF CHRISTIAN SCHOOLS $ 457, Add Non-Revenue Items $ 1, Escrows in Accounts Payable 1, TOTAL RECEIPTS-LEAGUE OF CHRISTIAN SCHOOLS $ 459, LEAGUE OF CHRISTIAN SCHOOLS - EXPENDITURES Salaries & Employee Benefits $ 135, Travel Expense $ 25, Inspector Honorarium & Travel 7, Travel Expense-Executive 15, Travel Expense-Other 2, Retreats & Conventions $ 146, Annual Conference 69, Competition Fees 30, Convention 26, District Council 7.55 FCCPA Participation 2, General Council Expense 6, Leadership Seminars 11, General Expense $ 100, Accreditation Fees 44, Awards & Gifts Committee Expense 5, Computer and Related Costs 6, Copier Expense 3, Dues & Subscriptions 3,

20 STATEMENT OF REVENUE AND EXPENDITURES Floral Remembrances Insurance 8, Legal & Accounting 1, Merchant Fees on Credit Cards 4, Office entertainment Postage 2, Public Relations Scholarships-A/G Colleges Supplies-Certificates & Manuals 4, Supplies-Other 7, Taxes & Licenses Telephone 3, Unreconciled Credit Card Charges Website 1, TOTAL EXPENDITURES-LEAGUE OF CHRISTIAN SCHOOLS $ 407, Add Non-Expenditure Items $ (4,483.15) Accounts Payable (1,035.08) Credit Card Payable (3,474.10) Equity TOTAL DISBURSEMENTS-LEAGUE OF CHRISTIAN SCHOOLS $ 403, MASTERPIECE OPERATIONS - REVENUE CAMP PROPERTIES FUND Miscellaneous Revenue $ 80, Canteen Sales 4, Contributions from Other Funds 75, Miscellaneous 1, Rent of Facilities $ 610, TOTAL REVENUE-MASTERPIECE OPERATIONS $ 691, Add Non-Revenue Items $ 10, Escrow in Accounts Payable-Hurricane 10, TOTAL RECEIPTS-MASTERPIECE Operations $ 701, MASTERPIECE DEVELOPMENT - REVENUE Contributions $ 312, Administration-10% Ministers' Tithes 270, Individuals 37, PF Missions Transfer-Ministers & Assemblies 3, TOTAL REVENUE-MASTERPIECE DEVELOPMENT $ 312, Add Non-Revenue Items $ 2, Escrow in Accounts Payable-Masters Purse 2, Depreciation on Liquidated Assets (10,099.98) 19

21 STATEMENT OF REVENUE AND EXPENDITURES Liquidation of Assets 10, TOTAL RECEIPTS-MASTERPIECE DEVELOPMENT $ 315, TOTAL RECEIPTS-CAMP PROPERTIES FUND $ 1,016, MASTERPIECE OPERATIONS - EXPENDITURES Salaries & Employee Benefits $ 329, Travel Expense $ 10, Travel Expense & Vehicle Maintenance 10, Waste Water Treatment Plant $ 10, General Expense $ 291, Computer & Related Costs 4, Dues & Subscriptions Insurance-Camp Grounds 63, Insurance-Camper 4, Miscellaneous Pool Maintenance 8, Repairs & Maintenance 14, Security Supplies-Cafeteria 83, Supplies-Kitchen 10, Supplies-Other 8, Taxes & Licenses 14, Telephone 4, Utilities 74, TOTAL EXPENDITURES-MASTERPIECE OPERATIONS $ 642, Add Non-Expenditure Items $ 3, Accounts Payable (1,133.93) Escrows in Accounts Payable - Hurricane 4, TOTAL DISBURSEMENTS-MASTERPIECE OPERATIONS $ 645, MASTERPIECE DEVELOPMENT - EXPENDITURES General Expense $ 378, Contributions to Other Funds 75, Depreciation 231, Interest to BCF-Construction Loan 71, TOTAL EXPENDITURES-MASTERPIECE DEVELOPMENT $ 378,

22 STATEMENT OF REVENUE AND EXPENDITURES Non-Expenditure Items $ (82,117.66) Accounts Payable 5, Accumulated Depreciation (595,108.11) Equity (adjust accumulated depreciation) 363, Loans Payable-BCF Construction Loan 74, Purchase of Assets 69, TOTAL DISBURSEMENTS-MASTERPIECE DEVELOPMENT $ 296, TOTAL DISBURSEMENTS-CAMP PROPERTIES FUND $ 942, MEN'S MINISTRIES - REVENUE MEN'S MINISTRIES Contributions $ 7, Armor Bearers 3, Assemblies 3, Ministers Retreats & Conventions $ 16, District Council Luncheon 2, Men's Convention 8, Men's Sporting Events 3, Regional Meetings 1, Sale of Items Purchased for Resale Designated Offerings $ 5, Light for the Lost 5, TOTAL REVENUE-MEN'S MINISTRIES $ 28, MEN'S MINISTRIES - EXPENDITURES Retreats & Projects $ 15, Armor Bearers (76.50) District Council Expense 2, General Council Expense Men's Convention 10, Men's Sporting Events 1, Regional Meetings Designated Offerings $ 5, Light for the Lost 5, General Expense $ 11, Awards & Gifts Committee Expense 1, Copier Expense 1, Dues & Subscriptions Merchant Fees on Credit Cards Postage 1, Printing Public Relations 1, Salaries & Employee Benefits Seminar & Leadership Conference 1, Supplies-Other

23 STATEMENT OF REVENUE AND EXPENDITURES Travel Expense-Executive 1, Travel Expense-Other TOTAL EXPENDITURES-MEN'S MINISTRIES $ 31, ROYAL RANGERS - REVENUE ROYAL RANGERS Contributions $ 11, Assemblies 2, Miscellaneous 6, Ministers Rangers Account 2, TOTAL REVENUE-ROYAL RANGERS $ 11, ROYAL RANGERS - EXPENDITURES General Expense $ 3, Depreciation Insurance-Camper 1, Insurance-Property 1, TOTAL EXPENDITURES-ROYAL RANGERS $ 3, Non-Expenditure Items $ 6, Accumulated Depreciation (223.54) Purchase of Assets 6, TOTAL DISBURSEMENTS-ROYAL RANGERS $ 10, TOTAL EXPENDITURES-ROYAL RANGERS $ 10, TRUST FUNDS - REVENUE TRUST FUNDS Designated Offerings $ 321, Church Clearance-District 2, Church Clearance-Miscellaneous 2, General Council Fees 3, Other Designated Offerings Payable 47, Southeastern University 62, Speed-the-Light 202, TOTAL REVENUE-TRUST FUNDS $ 321, TRUST FUNDS - EXPENDITURES Designated Offerings $ 317, Church Clearance-District 2,

24 STATEMENT OF REVENUE AND EXPENDITURES Church Clearance-Miscellaneous 2, General Council Fees 2, Other Designated Offerings Payable 46, Southeastern University 62, Speed-the-Light 200, TOTAL EXPENDITURES-TRUST FUNDS $ 317, Add Non-Expenditure Items $ 1, Equity 1, TOTAL DISBURSEMENTS-TRUST FUNDS $ 318, ITINERANT MISSIONARY FUND - REVENUE ITINERANT MISSIONARY FUND Contributions $ 357, Assemblies 317, District Council Expense Offering 1, GC Returns 20, Individuals 3, Ministers 6, Other Missionaries 8, TOTAL REVENUE-ITINERANT MISSIONARY FUND $ 357, ITINERANT MISSIONARY FUND - EXPENDITURES General Expenses $ 3, Awards & Gifts Dues & Subscriptions Merchant fees on Credit Cards Postage Salaries & Employee Benefits 1, Supplies-Other Travel Expense - Executive Retreats & Conventions $ 16, District Council 16, Designated Funds $ 348, Grants-Regular Deputation 15, Grants-New Missionaries 10, Special Projects 323, TOTAL EXPENDITURES-ITINERANT MISSIONARY FUND $ 369,

25 STATEMENT OF REVENUE AND EXPENDITURES BETHANY RETIREMENT APARTMENTS - REVENUE BETHANY RETIREMENT APARTMENTS Rental Income $ 18, Apartment Rent 5, Reimbursement of Utilities 13, TOTAL REVENUE-BETHANY RETIREMENT APARTMENTS $ 18, Add Non-Revenue Items $ 38, Accounts Receivable 38, TOTAL RECEIPTS-BETHANY RETIREMENT APARTMENTS $ 57, BETHANY RETIREMENT APARTMENTS - EXPENDITURES General Expense $ 36, Depreciation 2, Insurance-Apartments Repairs & Maintenance Salaries & Employee Benefits 7, Travel Expense 5, Utilities 18, TOTAL EXPENDITURES-BETHANY RETIREMENT APARTMENTS $ 36, Add Non-Expenditure Items $ 37, Accounts Payable Accumulated Depreciation (7,292.19) Equity (Adjust Accumulated Depreciation) 4, Purchase of Assets 39, TOTAL DISBURSEMENTS-BETHANY RETIREMENT APARTMENTS $ 73, RESTRICTED FUNDS - REVENUE WOMEN'S MINISTRIES Touch the World $ 42, TTW-Missions Trip $ 24, TOTAL REVENUE-RESTRICTED FUNDS $ 66, UNRESTRICTED FUNDS - REVENUE Contributions $ 52, Assemblies 10, Department Support 3, Individuals Ministers 1, Thousand Sisters 36,

26 STATEMENT OF REVENUE AND EXPENDITURES Retreats & Conventions $ 274, District Council Luncheon 5, Regional Women's Meetings 5, Stronger Conference for Leaders 23, Thrive 239, Miscellaneous Revenue $ 21, Sale of Items Purchased for Resale 21, TOTAL REVENUE-UNRESTRICTED FUNDS $ 348, TOTAL REVENUE-WOMEN'S MINISTRIES FUND $ 415, RESTRICTED FUNDS - EXPENDITURES Touch the World $ 29, TTW-Missions Trip $ 24, TOTAL EXPENDITURES-RESTRICTED FUNDS $ 53, UNRESTRICTED FUNDS - EXPENDITURES Salaries & Employee Benefits $ 77, Travel Expense $ 4, Travel Expense-Executive 3, Travel Expense-Other 1, Retreats & Conventions $ 193, District Council Expense District Council Luncheon 5, District Directors Meeting 1, General Council 1, Missions Trips 4, Regional Women's Meetings 3, Reps Retreat 2, Stronger Conference for Leaders 16, Thrive 157, General Expense $ 48, Awards & Gifts 4, Committee Expense 2, Computer & Related Costs 1, Copier Expense 2, Dues & Subscriptions Floral Remembrances Insurance - Camper Items Purchased for Resale 14, Merchant Fees on Credit Cards 6, National WM Special Project Office Entertainment

27 STATEMENT OF REVENUE AND EXPENDITURES Postage Public Relations 8, Supplies-Other 5, TOTAL EXPENDITURES-UNRESTRICTED FUNDS $ 324, Add Non-Expenditure Items $ 10, Accounts Payable Credit Card Payable (6,851.47) Equity 1, Payroll Deductions Payable (63.42) Escrows in Accounts Payable 5, Loans Payable 10, TOTAL DISBURSEMENTS-UNRESTRICTED FUNDS $ 334, TOTAL DISBURSEMENTS-WOMEN'S MINISTRIES FUND $ 388, RESTRICTED FUNDS - REVENUE GIRLS MINISTRIES Designated Offerings $ 12, PF Missions Offerings-Benevolence World Missions 12, TOTAL REVENUE-RESTRICTED FUNDS $ 12, Add Non-Revenue Items $ 15, Escrow in Accounts Payable 15, TOTAL RECEIPTS-RESTRICTED FUNDS $ 27, UNRESTRICTED FUNDS - REVENUE Contributions $ 7, Assemblies Charters 4, Ministers Non-A/G Charters Tithes 2, Retreats & Conventions $ 83, Powette 70, Refuel Leaders Retreat 7, Xtreme Girls Ministries Day 5, Miscellaneous Revenue $ 5, Sale of Items Purchased for Resale 5, TOTAL REVENUE-UNRESTRICTED FUNDS $ 96, TOTAL RECEIPTS-GIRLS MINISTRIES $ 124,

28 STATEMENT OF REVENUE AND EXPENDITURES RESTRICTED FUNDS - EXPENDITURES Designated Offerings $ 11, Website World Missions 10, TOTAL EXPENDITURES-RESTRICTED FUNDS $ 11, Add Non-Expenditure Items $ 21, Escrow in Accounts Payable 21, TOTAL DISBURSEMENTS-RESTRICTED FUNDS $ 32, UNRESTRICTED FUNDS - EXPENDITURES Salaries & Employee Benefits $ 13, Travel Expense $ 14, Travel Expense-Other Travel Expense-Executive 13, Retreats & Conventions $ 52, District Council General Council Expense 2, Leadership Seminars 1, One Day Girls Event 2, Powette 37, Refuel-Leaders Retreat 6, Thrive-Teen Girls 2, General Expense $ 17, Awards & Gifts 1, Background Verifications Benevolence Committee Expense 3, Computer Expense Copier Expense Depreciation 1, Dues & Subscriptions Items Purchased for Resale 3, Merchant Fees on Credit Cards Miscellaneous Postage Public Relations 1, Supplies-Other 2, Telephone Tithes/Offgs to National Department TOTAL EXPENDITURES-UNRESTRICTED FUNDS $ 97,

29 STATEMENT OF REVENUE AND EXPENDITURES Add Non-Expenditure Items $ 10, Accumulated Depreciation (1,218.43) Credit Card Payable Accounts Payable (89.81) Equity 10, Purchase of Assets 1, TOTAL DISBURSEMENTS-UNRESTRICTED FUNDS $ 108, TOTAL DISBURSEMENTS-GIRLS MINISTRIES $ 141, CHURCH ESCROW FUND - REVENUE CHURCH ESCROW FUND Gain or Loss on Sale of Assets $ (25,879.00) TOTAL INCOME-CHURCH ESCROW FUND $ (25,879.00) Non-Revenue Items $ 16, Escrows in Accounts Payable 10, Loans Receivable 5, TOTAL REVENUE-CHURCH ESCROW FUND $ (9,779.07) CHURCH ESCROW FUND - EXPENDITURES Interest on Loans $ 37, TOTAL EXPENDITURES-CHURCH ESCROW FUND $ 37, Non-Expenditure Items $ (19,868.33) Equity (25,879.00) Loans Payable 6, TOTAL DISBURSEMENTS-CHURCH ESCROW FUND $ 17, ADULT MINISTRIES - REVENUE ADULT MINISTRIES Contributions $ 7, Assemblies 1, Charters Individuals 4, Power of Two 1,

30 STATEMENT OF REVENUE AND EXPENDITURES Retreats & Conventions $ 9, AM Conference 2, Cruise 7, Resale Items TOTAL REVENUE-ADULT MINISTRIES $ 17, ADULT MINISTRIES - EXPENDITURES Travel Expense $ 2, Travel Expense-Executive 2, Travel Expense-Other Retreats & Conventions $ 5, AM Conference Cruise 5, General Expense $ 4, Benevolence Committee Expense Copier Expense 1, Dues & Subscriptions Honorariums Merchant Fees on Credit Cards Postage Public Relations Supplies-Other TOTAL EXPENDITURES-ADULT MINISTRIES $ 13, Non-Expenditure Items $ (302.11) Accounts Payable (302.11) TOTAL DISBURSEMENTS-CHURCH ESCROW FUND $ 12,

31 ADMINISTRATION FUND: $ 2,549,586 $ 3,100,202 $3,654,416 Ministers' Tithes * $ 2,507,049 $ 2,630,424 $2,705,695 Assemblies * $ 14,157 $ 14,193 $14,504 PF MISSIONS FUND: $ 4,173,666 $ 3,739,077 $3,332,384 DISTRICT YOUTH DEPARTMENT: Youth Department $ 626,888 $ 529,373 $628,419 Youth Camp 582, ,362 $619,188 Total District Youth Department ** $ 1,209,540 $ 1,110,735 $1,247,607 CHRISTIAN EDUCATION: Christian Education $ 139,038 $ 191,500 $74,717 District School of Ministry 51,841 43,792 $39,541 PF Kids $12,495 Total Christian Education Dept. $ 190,879 $ 235,292 $126,754 LEAGUE OF CHRISTIAN SCHOOLS: $ 395,818 $ 457,003 $459,576 CAMP PROPERTIES FUND: Masterpiece-Operations $ 736,920 $ 622,802 $701,838 Masterpiece-Development 265, ,473 $315,155 Total Camp Properties Fund $ 1,002,255 $ 983,275 $1,016,993 MEN'S MINISTRIES: $ 40,072 $ 32,835 $28,882 ROYAL RANGERS: $ 6,749 $ 7,844 $11,566 ITINERANT MISSIONARY FUND: $ 353,206 $ 526,715 $357,419 BETHANY APARTMENTS: $ 61,852 $ 59,645 $57,496 WOMEN'S MINISTRIES: $ 293,872 $ 366,241 $415,579 GIRLS MINISTRIES: $ 117,306 $ 93,154 $124,565 ADULT MINISTRIES: $ 15,045 $ 19,354 $17,486 * Included in above total. ** Does not include Speed-the-Light. COMPARATIVE GIVING

32 Women's Ministries Girls Ministries Alachua River of Life X X X X X X X X X Apopka Assembly of God X X X X X X X X X X Atlantic Beach Assembly of God X X X X X X , X X X Auburndale Central X X X X X X X X X X Baldwin First , X X , X X Bartow First X X X X X X 6.74 X X X X Belleview Sacred Fire 1, X X X X X X X X X X Belleview The Church on the Hill X X X , X X Big Pine Key Keys Community X X X X X X X X X Boca Raton Church of All Nations X X X X X X X X X X Boca Raton Frontline Christian X X X X X X X X X X Boca Raton Salt X X 6, X X X X X 1, X Bradenton City Life X X X X X 2, X X X Bradenton Journey X X X X X X X X X X Bradenton Oasis X 3, X X X 2, X X X Bradenton Resonate Life X X X X X X X X X Brandon Arise X X X X X X X X Branford Living Springs Family X X X X X X X X Brooksville Christian Life X 2, X X X X 1, X X X Brooksville Grace World Outreach X 3, , X X 4, X X 1, Brooksville New Hope X X X X X X X X X X Bushnell Cross Connection X 2, X X X X X X X Callahan Crossroads Family X X X X X X X X X X Callahan Lighthouse Prayer X X X X X X X X X X Cape Coral King's Way X X X X X X X X X X Chiefland One Way X X X X X X X X X Clearwater First X X X X X X X X X X Clermont Gateway X X X X X X X X X X Clewiston Evangel X X X X X 4, X X X Cocoa First X X X X X X X 4, X X X Coconut Creek Real Life X 1, X X X , X 2, X Crystal River First X X X X X X X X Crystal Springs Worship Center X X X X X X , X X X Dade City Calvary , , Dade City Cornerstone Community X X X X X X Davenport Ridge X 2.63 X X X X X X Deland First X 30, X , X X 2, Deltona Trinity X X X X X X 12, X X X A STATEMENT OF GIVING BY OUR PENINSULAR FLORIDA CHURCHES 2017 Church Name Admin Home Missions Youth Department Christian Education Men's Department Royal Rangers Trust Funds IMF - Missions Adult Ministries 31

33 Women's Ministries Girls Ministries Dundee Freedom X X X X X X Dunedin Assembly of God X X X X X X X X X X Dunnellon River Life Church X X X X X 2, X X Durant Pleasant Grove X 1, X X X X X X X Eagle Lake First X X X X X X Englewood West Coast X X X X X X X X X X Estero Living Waters Community X 1, X X X X X X X X Eustis First , X , X X X Florahome Living Hope Family X X X X X X X X X X Florida City First X X X X X X X X X X Fort Lauderdale Christian Life X 13, , X X X 11, X X X X Fort Lauderdale Christian Romany X X X X X X X X X X Fort Lauderdale Melrose Park X X X X 1, X X X Fort Meade First X X X X X X X X X X Fort Myers First X 383, , , X X 66, , X , Fruitland Park LIFE X 4, , X 10, , X X Fruitland Park Trinity X X X X X X Gainesville The Greenhouse X 3, X X X 4, , X X X Gotha New Life X 1, X X X 1, X X X X Haines City Calvary First X X X 1, X X X X Haines City Restoration X X X X X X X X X Hawthorne Assembly of God X X X X X X X X Hilliard First X 4, X X X X X X Hollywood The Answer X X X X X X X X X X Hudson Praise X X X X X X X X X X Interlachen Bethel X 3, , X X 5, , X X X Inverness Calvary X X X X X X X X X X Inverness First X X 5.00 X X X X X Jacksonville Bethel Temple X X X X X X X X X X Jacksonville Crystal Springs 6, X X X X X X X X X X Jacksonville Destination , X X X X X X Jacksonville Evangel , , X X 2, , X 1, Jacksonville First Coast X 2, X X X X , X X X Jacksonville Freedom X X X X X X 2, , X X Jacksonville House of Peace , X X X X X 2, X X X Jacksonville Lighthouse X X X X X X X X X X Jacksonville New Hope X X X X X X X X X X Jacksonville Oceanway X 4, , X X 3, X X X A STATEMENT OF GIVING BY OUR PENINSULAR FLORIDA CHURCHES 2017 Church Name Admin Home Missions Youth Department Christian Education Men's Department Royal Rangers Trust Funds IMF - Missions Adult Ministries 32

34 Women's Ministries Girls Ministries Jacksonville River City X X X X X X X X X X Jacksonville Southside X X 4, X X X 2, X X X Jacksonville Wayside X X X X X X X X X X Jacksonville Wesconnett X X X X X X X X X Jacksonville Westside X X X X 3, X X Jacksonville Whitehouse X X X X X X X X X X Jacksonville Words of Light X X X X X X X Key West Glad Tidings X X X X X X X X X 7.56 Keystone Heights First X X X X X X 7.60 X X X X Kissimmee Calvary X X X X X X X X Kissimmee Life X 1, X X X X X X X X Kissimmee Living Water Fellowship 1, , X X X X X X X 1, LaBelle Assembly of God X X X X X X X X X X Lake City Connect X X X X X X X X X X Lake City Glad Tidings X X X X X X X X X X Lake Placid First X X X 1, X X X X X Lake Wales Impact X X X X X X X X 1, Lake Worth Trinity Int'l X 1, , X X 1, , X X X 1, Lakeland Fellowship X X X X Lakeland Harvest X 3, X X X X , X 1, Lakeland New Life X 1, X X X X X Lakeland Southside X 3, X X X X 4, X X Lakeland Trinity X X X X X X X X X Lakeland Victory 1, ,611, , X X 59, X Leesburg Relevant Life X X X X X X X X X Leesburg United Faith X X X X X X X Lehigh Acres New Life , , , X 3, X X X 1, Longwood One Church X X X X X X X X X Loxahatchee Acts 2 X 1, X X X X X X X X Marathon New Life X X X X X X X X X X Merritt Island Assembly of God X X X X X X X X X X Merritt Island River of Life X 1, X X X X X X X X Miami Central X 1, X X X X X X X X Miami Christ Redeemer X X X X X X X X X X Miami Evangel Int'l X X X X X X X X X Miami Pure Heart X X X X X X X X X X Miami Revival X X X X X X X Miami Springs New Beginning X X X X X X X X X X A STATEMENT OF GIVING BY OUR PENINSULAR FLORIDA CHURCHES 2017 Church Name Admin Home Missions Youth Department Christian Education Men's Department Royal Rangers Trust Funds IMF - Missions Adult Ministries 33

35 Women's Ministries Girls Ministries Miami Sunset Chapel X 3, X X X X X X X X X Miami University X X X X X X X X X X Miami Upper Room X X X X X X X 2, X X X Mulberry First X X X X X X X X Mulberry Willow Oak X X X X X X X X X X Naples Eagles Nest X X X X X X X X X X 3.00 Naples Golden Gate X X X X 2, , X X X New Port Richey First X 1, X X X X X X X X Newberry Christian Life X X X X 7.27 X X X North Fort Myers Faith X 30, , X X X X X North Miami Harvest Time X X X X X X X X North Port Gulf Coast X X X X X X X X X X Ocala Christian Life X X X X X X X X X X Ocala First X X X 2, X X Ocala Marion Oaks X X X X , X Ocoee Glad Tidings X X X X X X 2, X X X X Orange Park Calvary X X X X X X X X X X Orlando Catalyst Community X X X X X X X X X X Orlando Evangel X X X X X X , X X X Orlando Faith X 54, X X X X X 1, Orlando Greeneway X X X X X X 1, X Ormond Beach Calvary X 1, X X X X 1, , X 1, Oviedo Vital Church X X X X X X 3, X X X X Oxford Assembly of God X 4, X , , Palatka First X 1, , X X 3, X X X X Palm Bay Victory X X X X X X X X X X Palm Beach Gardens New Life X X X X X X X X X X Palm City Faith Family Worship 1, X X X X X X X X X X Palm Coast Evangel X X X X X X Palm Harbor Christ X 3, X X 1, X 1, , X X X Palm Springs Bethel X 6, X X X X X X X X Pembroke Pines New Life X X , X Plant City Calvary Fellowship X X X X X X X X X X Plant City Faith X X X X X X X Plant City Faith Lighthouse X X X Plant City First X X X X X X 10, X X X Plant City Transforming Life X X X X X X X X X X Port Charlotte Community Life X X X X X X X X X X A STATEMENT OF GIVING BY OUR PENINSULAR FLORIDA CHURCHES 2017 Church Name Admin Home Missions Youth Department Christian Education Men's Department Royal Rangers Trust Funds IMF - Missions Adult Ministries 34

36 Women's Ministries Girls Ministries Port Charlotte Faith Life X X X X X X 2, X X Port Orange Victorious Life X X X X X X X X X X Port Saint Lucie Highpoint X 3, X X X X X X X X X Riverview River of Life X X X X X X , X 7, X Ruskin Destiny X 3, X X X X , X X Saint Augustine Bridge of Life X X X X X X X X X Saint Petersburg Glad Tidings X X X X X X X X X X Saint Petersburg Suncoast Cathedral X 1, X X X X , X X Sanford City Church of Orlando X 2, X X X X X X X X Sarasota Church of Hope X 27, X X X 12, , X 1, X Sebastian Riverside X 1, X X X X X X X Sebring Christ Fellowship X X X X X X X Sebring First X X X X X X X X X X Seminole Assembly X X X X X X X X X X Silver Springs Forest , X X X X X X X X Silver Springs Salt Life Church X X X X X X 1, X X X X Sumterville First X X X X X X X X X X Sunrise Lifepoint X X X X X X X X X X Tampa Bay Life X X X X X X X X X X Tampa Bethel X X 2, X X X X X X Tampa Celebration X X X X X X X X X 1, X Tampa East Point X X X X X Tampa First Clair Mel City X X X X X X X X X X Tampa Gateway X X X X X X , X X Tampa Heaven Destiny X X X X X X X X X X Tampa Living Faith X X X X X X X Tampa Radiant X 3, X X X X X X X X X Tarpon Springs First X X X X X X 3.00 X X X Tarpon Springs Trinity Church X X X X X X X X X Titusville Hope Community X 1, X X X X X X X X X Titusville Space Coast X X X X X X X X X X Valrico Rich Valley Church X X X X X X X X X X Venice Lift X X X X X X X X X Venice New Life X 6, X 1, X X X 11, X X X Vero Beach Treasure Coast X X X X X X X X X VI-British The Valley Virgin Gorda X X X X X X X X VI-US Saint Croix First X X X X X X X X X VI-US Saint Thomas Assembly of God X X X X X X X X X X X A STATEMENT OF GIVING BY OUR PENINSULAR FLORIDA CHURCHES 2017 Church Name Admin Home Missions Youth Department Christian Education Men's Department Royal Rangers Trust Funds IMF - Missions Adult Ministries 35

37 Women's Ministries Girls Ministries Wauchula Florida's First X 2, X X X X 1, X X Wesley Chapel Victorious Life X X X X X X X X West Palm Beach Lighthouse Int'l X X X X X X X X X X Wildwood Assembly of God X X X X X X X X X X Williston Cornerstone X X X X X X X X X X Winter Haven Calvary X X X X X X 2, X X 1, X Winter Haven Eastside X X X X Winter Park Calvary X X X X X X 15, X X X Yulee Celebration X X X X X X X X X X Zephyrhills First X X X Total All District Churches 17, ,368, , , , , , , , , , A STATEMENT OF GIVING BY OUR PENINSULAR FLORIDA CHURCHES 2017 Church Name Admin Home Missions Youth Department Christian Education Men's Department Royal Rangers Trust Funds IMF - Missions Adult Ministries 36

38 baylis+company PA ACCOUNTANTS & ADVISORS PENINSULAR FLORIDA DISTRICT COUNCIL OF THE ASSEMBLIES OF GOD, INC. AUDITED FINANCIAL STATEMENTS DECEMBER 31, 2017 WITH COMPARATIVE TOTALS FOR DECEMBER 31, 2016

39 CONTENTS Page Independent Auditors Report 1 Statement of Financial Position 3 Statement of Activities 4 Statement of Cash Flows 5 Notes to Financial Statements 6

40 INDEPENDENT AUDITORS REPORT Board of Presbyters Peninsular Florida District Council of the Assemblies of God, Inc. Lakeland, Florida Report on the Financial Statements We have audited the accompanying financial statements of Peninsular Florida District Council of the Assemblies of God, Inc. (the District Council ) which consist of the statement of financial position as of December 31, 2017, and the related statements of activities and cash flows, for the year then ended, and the related notes to the financial statements. Management s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the District Council s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 1

41 Board of Presbyters Peninsular Florida District Council of the Assemblies of God, Inc. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Peninsular Florida District Council of the Assemblies of God, Inc. as of December 31, 2017, and the results of its operation and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America. Report on Summarized Comparative Information We have previously audited Peninsular Florida District Council of the Assemblies of God, Inc. s 2016 financial statements and we expressed an unmodified audit opinion on those financial statements in our report dated April 4, In our opinion, the summarized comparative information presented herein as of and for the year ended December 31, 2016 is consistent in all material respects, with the financial statements from which it was derived. Baylis & Company PA Lakeland, Florida April 19,