FINANCIAL REPORT

December 31, 2015

North Pacific Union Conference of

Seventh-day Adventists

2015 TITHE: $ 93,767,3702014 TITHE: $ 91,015,332

INCREASE OF 3.02%

$3,930,983

$5,939,272

$4,537,257

$34,701,115

$24,719,822

$19,606,550

$332,370

Alaska

Idaho

Montana

Oregon

Upper Columbia

Washington

NPUC Direct

TITHE RECEIVED – YEAR TO DATEDECEMBER 2015 & 2014

Conference December

2015

December

2014

Incr/(Decr)

Percentage

Per Capita

2015

Per Capita

2014

Alaska 3,930,983 4,217,156 (6.79%) 1,021.57 1,096.79

Idaho 5,939,272 5,445,219 9.07% 908.56 820.43

Montana 4,537,257 4,063,857 11.65% 1,125.87 1,016.22

Oregon 34,701,115 31,591,479 9.84% 963.57 885.24

Upper Columbia 24,719,822 24,266.092 1.87% 941.74 926.89

Washington 19,606,550 21,105,282 (7.10%) 848.33 932.29

NPUC – Direct 332,370 326,245 1.88%

December YTD 93,767,370 91,015,332 3.02% 939.66 919.48

TITHE PERCENTAGE BY UNIONS FOR 2015

Southern Union 4.6%

Atlantic Union 3.7%

Columbia Union 3.2%

North Pacific Union 3.0%

Lake Union 2.8%

Pacific Union 1.5%

Southwestern Union 1.0%

Mid-America Union (0.1%)

Canada, SDA Church in (12.2%)

1.83% Increase for NAD

Tithe Received Over

Prior Year

ADVENTIST GIVING REPORT 2015

North Pacific Union Total Offerings Total Share of Fees

Alaska Conference $ 1,079,428.35 $ 5,304.31

Idaho Conference $ 990,875.85 $ 3,467.39

Montana Conference $ 804,939.96 $ 6,210.88

Oregon Conference $ 6,819,055.96 $ 23,235.67

Upper Columbia Conf. $ 5,924,952.66 $ 26,479.31

Washington Conference $ 6,515,817.46 $ 26,442.54

North Pacific Union $ 13,020.01

Total $ 22,135,070.24 $ 104,160.11

Paid a fee of 0.471% for every dollar donated by Adventist Giving

CASH AND INVESTMENTSDECEMBER 2011 THROUGH 2015

$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

$5,000,000

2015 2014 2013 2012 2011

$4,731,232

$4,095,765

$3,271,528 $3,024,531

$3,586,248

ACTUAL CASH DAYSYEARS 2015, 2014 & 2013

50

60

70

80

90

100

110

120

130

140

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 2014 2013

105.63

FINANCIAL INDICATORS - DECEMBER

1.60

1.65

1.70

1.75

1.80

1.85

1.90

1.95

2.00

2.05

2015 2014 2013 2012 2011

2.00

1.89

1.81

1.74 1.74

Current Ratio

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2015 2014 2013 2012 2011

95.90%

88.04%

73.14%75.22% 73.44%

Working Capital

EXPENSES PER DAYYEARS 2013 TO 2015, AND 2015 BUDGET

$30,000

$35,000

$40,000

$45,000

$50,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Budget 2015 Actual 2015 Actual 2014 Actual 2013

$44,792 per Day

FINANCIAL INDICATORS – DECEMBER

-0.50%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

2015 2014 2013 2012 2011

4.49%

3.95%

1.66%

-0.14%

1.43%

Percent of Income to

Budget

-1%

-1%

0%

1%

1%

2%

2015 2014 2013 2012 2011

0.31%

-0.99%

0.55%

1.19%

-0.38%

Percent of Expenses to

Budget

FINANCIAL INDICATORS % SALARY, ALLOWANCES, & TRAVEL TO

GROSS TITHE – DECEMBER

40.00%

41.00%

42.00%

43.00%

44.00%

45.00%

46.00%

47.00%

48.00%

49.00%

50.00%

2015 2014 2013 2012 2011

43.21%

46.51%

49.08%48.77%

44.75%

FINANCIAL INDICATORS % TRAVEL TO GROSS TITHE – DECEMBER

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

2015 2014 2013 2012 2011

5.24%

6.36% 6.27% 6.40%6.12%

CHANGES IN NET ASSETSYEAR 2015

(600,000)

(400,000)

(200,000)

0

200,000

400,000

600,000

800,000

1,000,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 Budget 2015 Actual 2014 Actual 2013 Actual

CHANGES IN NET ASSETSYEAR 2015

(600,000)

(400,000)

(200,000)

0

200,000

400,000

600,000

800,000

1,000,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 Budget 2015 Actual 2014 Actual 2013 Actual

$644,157

blessing over

budget

DECEMBER 2015 OPERATIONS

Reporting the Resources Received and Their

Allocation in Advancement of the Gospel in the

Northwest

NORTH PACIFIC UNION CONFERENCE OPERATINGFINANCIAL ACTIVITY STATEMENT

DECEMBER 31, 2015

INCOME

Restricted Income 2015 Budget 2014

Appropriation $ 7,312,873 $ 7,287,510 $ 7,413,865

Offerings 2.532 4,000 4,976

Donations 114,551 0 211,677

Other Income 312,425 0 71,839

Total Restricted Income $ 7,742,381 $ 7,291,510 $ 7,702,357

NORTH PACIFIC UNION CONFERENCE OPERATINGFINANCIAL ACTIVITY STATEMENT

DECEMBER 31, 2015

Unrestricted Income 2015 Budget 2014

Tithe - Net $ 7,889,425 $ 7,507,983 $ 7,661,182

Exchange with Division (1,208,700) (1,208,700) (1,208,700)

Offerings and Donations 167,446 285,800 200,026

Appropriations Received 1,398,700 1,398,700 1,398,700

Direct Operating Income 787,668 691,914 675,658

SOULS NW – Tuition 139,795 233,218 190,136

Investment Earnings 49,778 52,765 33,443

Other Income 55,999 37,125 44,367

Total Unrest. Income $ 9,280,112 $8,998,805 $ 8,994,813

Total Income Received $ 17,022,492 $ 16,290,315 $ 16,697,170

NORTH PACIFIC UNION CONFERENCE OPERATINGFINANCIAL ACTIVITY STATEMENT

DECEMBER 31, 2015

EXPENSES 2015 Budget 2014

Program Services

Church Ministries $ 2,836,955 $ 3,026,538 $ 2,858,516

Educational 6,909,022 6,900,696 6,854,406

Health & Humanitarian 7,940 8,600 9,778

Other 3,386,709 3,121,085 3,130,865

Total Program Services $ 13,140,626 $ 13,056,919 $ 12,853,564

NORTH PACIFIC UNION CONFERENCE OPERATINGFINANCIAL ACTIVITY STATEMENT

DECEMBER 31, 2015

Supporting Services 2015 Budget 2014

Conference Administration $ 1,036,716 $ 1,024,355 $ 1,040,565

Retirement Contribution 1,262,241 1,194,132 1,211,267

Conventions & Meetings 113,615 134,288 51,797

Office Operations & Maint 376,919 337,875 337,446

Employee Medical 418,818 550,941 481,056

Total Supporting Services $ 3,208,309 $ 3,241,591 $ 3,122,131

Total Expense $ 16,348,935 $ 16,298,510 $ 15,975,695

NORTH PACIFIC UNION CONFERENCE OPERATINGFINANCIAL ACTIVITY STATEMENT

DECEMBER 31, 2015

2015 Budget 2014

Total Income $ 17,022,492 $ 16,290,315 $ 16,697,170

Total Expenses 16,348,935 16,298,510 15,975,695

Net Gain/(Loss) 673,557 (8,195) 721,475

Transfers In/(Out) ( 19,648) 8,786 115,734

Unrealized Gain/(Loss) on

Investments( 9,161) 0 6,249

Net Gain/(Loss) $ 644,748 $ 591 $ 843,458

YEAR-END 2015 INCREASE/DECREASE OF NET ASSETS

Increase Decrease

Unallocated Tithe $ 206,948

Unallocated Non-Tithe $ 402,703

General Evangelism 207,265

Souls NW Operations 75,203

Regional Capital 29,326

Hispanic Capital 16,329

K-12 Education 3,669

Temperance Programs 63

Adventist Disaster Response 3,401

Religious Liberty Emergency 5,512

YEAR-END 2015 INCREASE/DECREASE OF NET ASSETS

Increase Decrease

Small Conference Assistance 22,264

Reginal Special Assistance 19,192

Mission Projects-Global Mission 6,928

Regional Scholarships 791

Hispanic Scholarships 4,614

Adventist Health System 10,800

President’s Special Projects 17,946

Misc. Projects-Trade Show Books 320

Union Session 707

YEAR-END 2015 INCREASE/DECREASE OF NET ASSETS

Increase Decrease

Allocated Reserve – Tithe 330,378

Allocated Reserve – Non Tithe 358,332

Sub Total $ 1,183,424 $ 539,267

Changes in Net Assets $ 644,157

VARIANCES (TITHE TRANSFERS) FOR YEAR ENDING DECEMBER 2015

Function Under Budget Over Budget

Admin Support-Legal Services $ 18,026

Allocated Reserve –Tithe $ 330,378

ASI 261

Association 6,290

Auditing Services 79,767

Bible Conference 7,384

University Operation Funding 280

Communication and PR Admin 44,053

Creation Ministries 5,243

Hispanic Ministries 36,094

VARIANCES (TITHE TRANSFERS) FOR YEAR ENDING DECEMBER 2015

Function Under Budget Over Budget

Native American Evangelism 10,614

Early Childhood Education 2,155

Employee DB Retirement Plan 95,805

Employee Group Medical 119,327

General Educational Admin 7,140

In House – Office Services 893

In House – Social Committee 1,207

Information Systems, Services 6,438

In House – Operations 23,872

Innovation – Projects 203

VARIANCES (TITHE TRANSFERS) FOR YEAR ENDING DECEMBER 2015

Function Under Budget Over Budget

Ministerial Administration 15,595

Ministerial Interns 4,941

Mtgs-Conventions/Meetings 21,379

Misc. Tithe Appropriations 38,182

NW Institute of Ministry 1,532

Office Operation and Maintenance 16,797

Other Internships-Business/Comm 5,820

Presidential 3,750

Religious Liberty Administration 917

Secretariat 4,436

VARIANCES (TITHE TRANSFERS) FOR YEAR ENDING DECEMBER 2015

Function Under Budget Over Budget

Treasury 6,042

Trust Services 12,429

Union Publication – Gleaner 70,840

Women’s Ministries 1,070

Youth Activities 12,583

Sub Total $ 418,623 $ 593,117

Total Net Transfers to Functions $ 174,494

VARIANCES (NON-TITHE TRANSFERS) FOR YEAR ENDING DECEMBER 2015

Function Under Budget Over Budget

Allocated Reserve – Non Tithe $ 358,332

Misc. Non-Tithe Appropriations $ 4,992

Unexpended for Furnishings and Equipment 4,892

Sub Total $ 9,884 $ 358,332

Total Net Transfers to Functions $ 348,448

EQUIPMENT PURCHASES – 4TH QUARTER 2015

AltiGen Phone System Software $ 11,156.31

HP Enterprise Switch, P/S Mgmt

Network System $ 9,172.96

Dell Latitude E7450 w/Port Computer $ 2,374.05

We can be thankful for the increased financial trends over the past few years, within the North Pacific Union Conference.

I think far too often when we talk to God it’s all about us, what we want, what our troubles are. We would all be so much better off if we were to spend more time praising God, thanking him for his goodness and love.

Enter His gates with thanksgiving, And His courts with praise. Give thanks to Him; bless His name.Psalm 100:4