THE PRESBYTERIAN CHURCH OF NIGERIA

Transcription

1 THE PRESBYTERIAN CHURCH OF NIGERIA 1 HOPE WADDELL UNIVERSITY FUNDING INCOME AND EXPENDITURE JUNE 2012 JUNE 2014

2 2 FUNDAMENTALS The Committee membership presently is the following: S/n NAME DESIGNATION REP 1 REV. DR. EZICHI A. ITUMA Convener GA 2 ELDER SAM OKOJI Deputy Convener/ Operations Officer GA 3 REV. S. O. AGARA Member GA 4 ELDER EMEKA AWA Member GA 5 REV. ESIERE AKPABIO Member Akwa Synod Clerk 6 REV EKPENYONG N. AKPANIKA Member Calabar Synod Clerk 7 REV. CHIKA NWANKWO Member East Synod Clerk 8 REV. EDEH OKORIE Member E/Central Synod Clerk 9 REV. DANIEL ODIM Member Mid-East Synod Clerk 10 REV. MARVELOUS OKWARA Member North Synod Clerk 11 REV. ONYEUWAOMA OMOKE Member S/Central Synod Clerk 12 REV. OBIM Member U/C/River Synod Clerk 13 REV. BASSEY AYEK BASSEY Member West Synod Clerk 14 ELDER EDET EFFIONG Member GA Accountant 14 MR. UCHENDU EMENIKE Desk Officer Committee BANK LOAN In order to conclude the re-construction job at the take-off site of the University so as to qualify for the operational license, the Funding Committee working with the Finance Board sort for and obtained a loan of 50M in May 2014 from the Diamond Bank. The loan is refundable in 36 months at the rate of 1.87m/month. The deductions started in June 2014 to end in May CONTRIBUTION RESULTS DATE EXPECTATIONS- EXPECTATIONS- 1( ) 2( ) PAYMENTS( ) OUTSTANDING( ) JUN DEC ,321, JAN DEC ,146, ,163, ,962, ,201, JAN JUN ,856, ,398, ,457, TOTALS 317,019, ,682, ,337, Note: In 2012 there was no allocation. In 2013 there was a total initial allocation of 263,146,520. But this was later reduced to 161,163,704 due to complaints from Parishes. The mandatory leadership contribution of 6,000 for Elders and Ministers ( 2,400 for Provers) is counted for Parishes towards off-setting their allocations.

3 3 THE PRESBYTERIAN CHURCH OF NIGERIA HOPE WADDELL UNIVERSITY PROJECT FUNDING REPORTS (JUNE JUNE 2014) SUMMARRY OF INCOME NOTE (JUN-DEC) (JAN-DEC) (JAN-JUN) TOTAL From PARISHES A 4,321,191 58,962,567 19,398,864 82,682,622 From ELDERS 12,000 1,848, ,000 2,048,250 From MINISTERS 24, ,360 96,000 1,032,360 From PRESBYTERIES B 0 842, , ,590,915 From SYNODS C 5,000,000 2,359, ,000 7,759,056 From THE GA 500, ,000 Other Contributions 452,579 14,983,310 14,191,454 29,627,343 MCA & Contractors BID D 0 620, ,000 From Old Accounts 20,062,680 1,300,000 21,362,680 TOTALS 30,372,450 80,527,623 36,323, ,223,226 SUMMARY OF EXPENDITURE NOTE (JUN-DEC) (JAN-DEC) (JAN-JUN) TOTAL Construction Pmnts (Take-off Site) E 20,062,680 66,380,079 13,404,235 99,846,994 Workers Salary And Allowances F 1,269,000 3,766,500 1,771,000 6,806,500 Meetings and Travels G 1,845,000 4,244,952 2,498,525 8,588,477 Printing/Stationaries/Letters/DHL H 3,303, , ,800 3,741,630 Masterplan:Consultancy/Production 0 7,461, ,461,800 Equipment Purchases I 878, , ,000 Information/Press Affairs J 320, , ,000 1,938,000 W/shop & Sensitization (Parish Visits) 350, , , ,500 Others K 41,008 3,563, ,026 3,885,320 TOTAL EXPENCES 28,069,188 86,922,948 19,147, ,139,222 INCOME 30,372,450 80,527,623 36,323, ,223,226 EXCESS OF INCOME OVER EXPENDITURS 13,084,004 BANK BALANCE (JUNE ENDING) 19,366,383 EXCESS FUND = FUND FROM OLD ACCOUNT 6,282,379

4 4 NOTE B: CONTRIBUTION/REFUND FROM PRESBYTERIES PRESBYTERY BENUE 35,500 BIASE 40,000 COTONOU LOME 129, ,000 IBADAN MISSION 80,500 LAGOS EAST 300,000 LAGOS CENTRAL 548,860 LAGOS WEST 10,000 P/H NORTH 50,000 P/H WEST 165,000 ANONIMOUS 128,300 TOTAL 842, ,500 NOTE-C: CONTRIBUTION/REFUND FROM SYNODS SYNOD EAST 26,000 NORTH 1,000,000 S/CENTRAL 5,000,000 1,333,056 WEST ,000 TOTAL 5,000,000 2,359, ,000 NOTE-D: OTHERS MCA - CWC 300,000 CONTRACTORS BID 320,000 TOTAL 0 620,000 0 NOTE-E: CONSTRUCTION PAYMENTS CONTRACTORS AKAL GROUP 7,784, ,202, ,500, ,487, ARK KONTRACTORS 4,989, ,757, ,500, ,246, BAUFA GLOBAL 2,835, ,372, ,000, ,207, DE-JEMARKDAN 500, ,500, ,000, GIECAL VENTURES 500, ,000, ,500, LUKMAN INTERNATIONAL 500, ,500, ,000, W-BEST ENGINEERING LTD 4,453, ,853, ,000, ,307, EXTRA WORKS 692, , ,096, TOTAL 20,062, ,378, ,404, ,845,

5 5 NOTE-F: WORKERS SALARY/ALLOWANCES Accounts Clerk (HWUIC) 45, , Synod/L officers & Others 535, ,200, ,735, Presbytery coodinators 104, , Software Administrator 50, , , , Committee 580, ,200, , ,520, Liaison Officer-GA 90, , Gardner 120, , , Security 526, , ,012, Site Engr 600, , , TOTAL 1,269, ,766, ,771, ,806, NOTE-I EQUIPMENT PURCHASES Purchase-Laptops (7 units) , Purchase of Softwares and AntiVirus , Purchase-Projector 85, , Purchase-Projector Screen with Stand 20, , Purchase-Handsets - Committee (5 No) 56, , Purchase-Handsets - Prsbtry Reps 50no 175, , TOTAL 878, , ,000.00

6 6 NOTE-G: MEETINGS AND TRAVELS PAYMENTS Jun-Dec Jan-Dec Jan-Jun TOTAL Akwa Synod. 2 days, 2 times. (2 pers) 71,000 71, ,000 Akwa Synod. Follow-up meeting 71,000 71,000 Calabar Synod. 2 days, 2 times (2 pers) 79,000 79, ,000 Calabar Zone: Pres Mods/Treas/GA Principal Officers 120, , , ,000 Committee with Prefon (Calabar) 1 day 50,000 50,000 East Synod, Sensitization. 2 times; 1 day each 51,000 51, ,000 East Synod, follow-up meeting 51,000 51,000 EastCentral Synod. 2 days, 2 times (2 pers) 71,000 71, ,000 EastCentral, follow-up meeting 51,000 51,000 Mid-East Synod. 1 day, 2 pers 51,000 51,000 North Synod. Sensitization, 2 times 3 days each 150, , ,000 North Synod. Follow-up 150, ,000 South Central. 1 day (2 Comity + Liaison officer) 51,000 51,000 South Central. 2 days (2 Comity + Liaison Officer) 71,000 71,000 South Central. Follow-up meeting 51,000 51,000 South Central. Synod Meeting 51,000 51, ,000 U C/River Synod. 2 days, 2 times (2 pers) 71,000 71, ,000 U C/River Synod. 2 days, 2 Comity+Liaison MCA Nat Conf) 71,000 71,000 West Synod. Follow-up meting, 2 pers, 3 days 150, ,000 West Synod. Meeting with Sessions, 3 pers, 3 days 232, ,500 West Synod. Sensitization, 2 times 3 days each 160, , ,000 West Synod. Sensitization. With PC, DC & KU (3 days) 290, ,000 Lagos Zone: Mega Parishes 3 pers, 3 days. With Prelate 342, ,500 Eminent Presbyterians in Lagos. Comity with Prelate, 5days 645, ,000 GA All PCN conf-4 days 145, ,000 GAEC Meeting-Committee (8 meetings), 3 days 198, , , ,000 Meeting: GA 2012, 2pers, 5 days 136, ,000 Clearance of Ministers, Aba, 7days ( ) 210, , ,000 Meeting-HWUIC/Technical sub-committee 936, ,525 1,107,477 Meeting On site with Prelate & Others 230, ,000 Meeting-Pre GA2012 Committee Meetings and Travels 526, ,000 Presentation of account. Committee/GA officers/synod Clerks 170, ,000 Umuahia Zone: Pres Mods/Treas/GA Principal Officers 110, , , ,000 1,845,000 4,244,952 2,498,525 8,588,477

7 7 NOTE-H: PRINTING/STATIONARIES/LETTERS/DHL Letters/Printing/Photocopying/DHL 8,000 28,850 79, ,250 Photographs 34,490 35,000 69,490 Printing sensitization booklet(gaec MTNG) 80,000 80,000 Printing Commitment Booklets 250, ,000 Printing Flyers 120, ,000 Printing Receipts(160/bklt) 440, ,000 Printing Follow-up Sheet Bklets 440, ,000 Printing Funding report on Presbyteries 35,000 35,000 Photographs-Take-off site 34,490 35,000 69,490 Production of Certificates 88,000 88,000 Computer Ink/Papers 15,000 31,000 37,400 83,400 Printing-Contribution Cards 1,950,000 1,950,000 TOTAL 3,303, , ,800 3,741,630 NOTE-J: INFORMATION/PRESS AFFAIR Communication: SpecialGlo lines-20 No 20,000 20,000 Communication: Infinito lines - 95lines@ ,500 30, ,500 Communication_sec HWUIC 70,000 60, ,000 Communication-Funding Incl Mass text 62, , ,000 1,270,500 Internet Recharge/Renewal of Web-site 150, , ,000 TOTAL 320, , ,000 1,938,000 NOTE-K: OTHERS Asset Re-valuation - Diamond Bank 80, , , Bank Charges 41, , , , Conveying materials from Permanent Site 6, , HWUF Liaison Office: Set-up & management 102, , Visit to site-diamond bank 190, , Police Matter=15, CREDIT SEARCH, ECO BANK 54, , TOTAL 41, , , ,320.39

8 8 CONTRIBUTIONS FROM SYNODS (AUG JUN2014) SYNOD Aug CONTRIBUTION 2014 (Jan-Jun) TOTAL AKWA 7,471,960 1,103,980 8,575,940 CALABAR 8,392,775 1,945,220 10,337,995 EAST 7,659,711 4,485,688 12,145,399 EAST CENTRAL 2,626,373 1,798,589 4,424,962 MID-EAST 531, , ,884 NORTH 7,225,290 2,465,840 9,691,130 SOUTH CENTRAL 21,678,906 4,867,801 26,546,707 UPPER C/RIVER 4,342,770 1,570,935 5,913,705 WEST 11,805,750 4,548,105 16,353,855 Sub-Total 71,735,209 22,916,368 94,651,577 Others 19,102,184 13,406,785 32,508,969 Total Contributions 90,837, ,323, ,160,546 BEST THREE(3) CONTRIBUTING SYNODS SOUTH CENTRAL 26,546,707 WEST 16,353,855 EAST 12,145,399 SYNOD PARISH PERFORMANCE OF FIRST THREE PARISHES IN EACH SYNOD IN /2013 GRADING FACTORS FINAL ALOCATN PAYMENT A B C D E F GRADE AKWA CALAB AR EAST EAST CENTR AL Eket 400, , % Christ the King 110, , % Mbiokporo 150, , % EsinUfotEf ut 1,400,000 1,489, % Garden 800, , % Big Qua Town 800, , % Ugwu 585, , % Okagwe 180, , % Isiama 500, , % NdufuIkwo 110, , % Idaw River 308, , % Nsukka 336, , %

9 9 MID- EAST NORTH SOUTH CENTR AL UPPER C/R WEST Nguzu 158, , % Eke Market 241,200 79, % Onicha 242,280 75, % First Abuja 1,000,000 3,460, % Kaduna Urban 272, , % Gwarimpa 175, , % Rumuomas i 500,000 1,657, % Umungasi 1,000,000 1,652, % Woji 200, , % Ofodua 100, , % Effraya 215, , % Okuni 275, , % Ikeja 2,500,000 3,888, % Festac 750,000 1,658, % Agboju 200, , % KEY A B C D E F GRADE FORMULA PMNT/ PMNT/ALOCATN 70%A+30%B 30%A+70%B SQRT(C) (D+E)/3 F*100% Submitted Rev Dr Ezichi A Ituma Convener Elder Samuel Okoji Deputy Convener/Operations Officer