Only four years out of the 37 years resulted in a negative annual financial growth, he said. In 2018, the yearly grown percentage in salary was 10.14 % which marked a momentous year in the financial system, even with all of the soft currencies that exist in the territory. The average annual growth in the past 37 years was 6%.
In comparison, mission offerings during that period of time was an average of 5%. However, in 2018, offerings were even better at 11%. “We praise the Lord for how He has blessed members with a spirit of gratitude and commitment to the mission,” said Verduzco.
Transparency and Accountability
The church member needs to be watchfully cared for because there is nothing more important in the church, said Verduzco.
“As administrators we must be transparent and accountable, efficient and effective so the church member can continue giving with confidence,” said Verduzco. “This is the top responsibility the church has given us because tithes and offerings finance the mission of the church.”
That transparency, accountability, efficiency and effectiveness needs to be at every single level of the church from the local church level, the local mission/conference, the union, and at the division level so that the financial system in Inter-American can function appropriately, said Verduzco.
Currently, the average Inter-American church member donates US $0.34 as offering for every $1 of tithe he or she contributes, reported Verduzco. The challenge for administrators and leaders is to double efforts and reach the global world church goal of $0.50 cents per $1 of tithe.
It’s a challenge that the church in Inter-America can reach with hard work and stronger stewardship initiatives and activities, which have already been doubling across the territory.
Treasury staff also went over the financial report for 2018, the projected division operation budget for the next quinquennium, the legal environment in several countries in the territory and its impact on the operation of the IAD. In addition, auditing notes from 2017, financial inspection oversight service of churches and organizations needing auditing were reviewed, as well as and financial information for hundreds of delegates to the Adventist world church’s General Conference Session next year was studied.