running approximately 10% on the fiscal year-to-date. As mentioned in the last BULLETIN, I said I would give you a complete detailed report on some of the activities of the Financial Affairs Office over the last several years. Due to lack of space in the new format, I will condense this to the pertinent figures.
Since 1975 over 12 1/2 million dollars have been cut from various departmental budgets allowing for the Work to move ahead in spite of rising inflation and reduced income. Additional to this was the laying off of over 600 full-time employees in the span of two to two and a half years. Although it is very difficult to have to cut off segments of the operation, particularly personnel, it became absolutely necessary for us to address some of these critical issues during times of financial crisis.
We are continuously seeking avenues to reduce, cut back, improve, develop, and move forward in. The job of management is not a "cut and dried" profession. It has a dynamic, creative side which is constantly seeing to get more value for dollars spent. This is our objective so that we may further the real commission which is getting the Gospel to the whole world.
Income Continues To Look Positive
Worldwide Church of God