1. Treasurer’s REPORT

2. “And all the tithe of the land, whether of the seed of the land, or of the fruit of the tree, is the Lord’s: It is holy unto the Lord.”
Leviticus 27:30

3. Major Treasury Happenings in 2017
Spring Hired Jackie Gauthier as office assistant/accountant
Summer Switched from Lake Union software to AASI (Adventist Accounting Software International) general ledger software, used in most of NAD and SAD.
Summer Began using ACH debits as a means of transferring remittance funds from churches to conference.

4. CHART: Northern New England Conference –Tithe

5. CHART: Northern New England Conference use of Tithe for the Year 2016: Total=$5,717,998
***This chart only shows how tithe was spent in It is no indicator of exactly how tithe will be spent in future years.

6. CHART: Northern New England Conference –Advance Offering

7. CHART: Northern New England Conference Budget Offering Allocation
2017 Total=$73,625

8. CHART: Other Funding Sources

9. How Education is Funded, Avg. Teacher Cost ~$82,404

10. Pine Tree Academy Dorm Option
Tuition for a Non-constituent student is $10,105 per year.
It is possible to apply for some worthy student funds in many cases.
Dorm Fee is $5,200 per year.
NNEC has a dorm subsidy for NNEC members of $2,860 per year which reduces the dorm cost to $2,340 per year; This is close to the cost of food for a year.

11. Major NNEC Endowments Knight PTA Worthy Student Endowment $20,000/yr
Wheeler Worthy Student Endowment $12,000/yr
Legare Worthy Student Endowment $3,000/yr
Conrad Worthy Student Quasi-Endowment $2,000/yr
Rangeley Quasi-Endowment $25,000/yr
Note: The first four are for worthy students; the last one is for NNEC funding of outdoor education and youth camp expenditures.

12. treasury.nnec.org

13. Health Ministries
Health and Healing Project
Health Expos