05 Feb GS 1977 art 44

Posted at 18:02h in CanRC, GS 1977 by

GS 1977 ARTICLE 44 – Theological College –  Board of Trustees

Committee II presents:

Material –  Agenda 8,

  • A, 1, 2, 3 – Reports of the Board of Trustees over the years 1974/5/6;
  • A, 4, 5 – Audited Financial Statements over the years 1974/5/6, plus Budget 1977; (See Appendix 1, p. 67).
  • A, 9, 10 – A Proposal of the Board re: Salaries, of one of the Trustees re: Salaries, and a Statement of Contributions and Arrears over part of 1977.

Observations

1.  Trustees Activities Generally

The Cooperation of the Churches, Board of Governors, Faculty and Students, has generally been excellent.

2. Physical Plant

Renovations and Maintenance

No major repairs or renovations were undertaken during these years. Minor repairs and alterations to the main building were made by br. C. Walinga, who with his wife performed their janitorial duties in a commendable manner.

Library Facilities

No major expansion or changes were made in the library facilities, but the matter continues to have the attention of the Board, because the facilities are not ideal.

Insurance

All the insurance coverage has been transferred to a different company, from which increased protection was purchased at a lower relative cost.

Future Expansion

The Board of Trustees together with the Board of Governors requested Synod 1974 to authorize them to use the moneys that were reserved for purchasing property with a view to possible future development.

Student Accommodation

The fee for student accommodation was raised from $75.00 to $150.00 per semester ($300.00 per academic year).

3. Faculty Salaries

Report on Salaries

The Professors and Lecturers were remunerated in accordance with the Salary Schedule as approved by Synod 1974; their salaries were increased with 11% and 6.2% in accordance with the consumer price index.

Salary Proposal of the Board of Trustees

The Board proposes to Synod to increase the basic annual salary of the full-time professors.

Salary Proposal of Br. A.J. Hordijk, member of Board of Trustees

Br. Hordijk presents a minority proposal regarding the annual salary of the full­-time professors.

Kouwenhoven Pension

The pension for the Kouwenhoven family was increased according to the Salary Schedule. A deduction of $1,200.00 per annum made in previous years was eliminated beginning 1974 (compare Financial Statement).

4. Organizational

Constitution

Having received the printed final redaction of the Constitution of the Theological College, all the members of the Board of Trustees signed the “Declaration of the Trustees.”

Administrative Assistant

As authorized by Synod 1974 the Board appointed Miss Ann van Sydenborgh Ad­ministrative Assistant per March 1976. She also is Assistant Secretary-Treasurer of the Board of Trustees, Secretary to the Board of Governors and to the Faculty, Library-Assistant and College Receptionist.

Salaries

The associate Librarian’s stipend remained $5.00 per hour. The caretaker’s remuneration remained $4.00 per hour. The salary of the Administrative Assistant was increased by IO% for 1977 ($8,800.00; compare Financial Statement).

5. Financial

Contributions

  • Complaint.
    • In each report again the Trustees complain about the tardiness of some Churches with regard to the required contributions.
  • Request.
    • The Trustees request that the Churches pay their contributions based on the number of their members, as shown in the Yearbook, or, if that information is incorrect to inform the Treasurer.

Other Income and Gifts

Special attention is drawn to the substantial donations received from the Women’s Savings Action.

Audited Financial Statements

Audited financial statements were sent to Synod as appendices to the Reports over the years 1974/5/6, together with a budget for the year 1977.

Budget

For the years 1976 and 1977 no raise of contributions was necessary, in spite of increases in salaries and other expenditures.

Recommendations

Synod decide:

  • 1.  Gratefully to take note of the good cooperation of the Board of Trustees with the Churches, the Board of Governors, the Faculty and the Students.
    • ADOPTED
  • 2. With thankfulness to take note of the commendable manner in which br. and sr. C. Walinga performed their janitorial duties.
    • ADOPTED
  • 3. To give into the consideration of the Board of Trustees together with the Board of Governors. to buy property already for a possible future development.
    • ADOPTED
  • 4. To increase the basic annual salary of the full-time professors to $22,500.00 instead of the amounts proposed by the Board of Trustees and by br. Hordijk, effective January 1, 1978.
    • ADOPTED
  • Further to give an allowance for the principal of $1,000.00; and to increase the stipend of the lecturers to $3,000.00.  
    • ADOPTED
  • 5. To ask the special attention of the Churches concerned for the complaint of the Board of Trustees regarding the tardiness in sending the contributions.
    • ADOPTED
  • 6. To ask also the special attention of the Churches for the request of the Board of Trustees that the Churches be cooperative with the Treasurer of the Board in de­termining the assessment.
    • ADOPTED
  • 7. Gratefully to acknowledge the substantial donations of the Women’s Savings Action.
    • ADOPTED
  • 8. To take note of the Audited Financial Statements over the years 1974/5/6 and of the budget for 1977, and to add them to the Acts as Appendices.
    • ADOPTED
  • 9. To take note of the fact that for 1976 and 1977 no raise in the contributions was necessary; and to express thankfulness to the Lord for the fact that the Churches were able to furnish the necessary funds.
    • ADOPTED
  • 10. Gratefully to acknowledge the work done by the Board of Trustees; and to approve of their actions as mentioned in the reports.
    • ADOPTED
  • 11. To discharge the Treasurer of the Board of Trustees for the three years ended December 31, 1976.           
    • ADOPTED
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