Peter Battersby, Executive Officer Resources provided an overview of the 2017 financial report. He noted that UC Invest performed strongly throughout the year. Uniting Venues continued to grow and the Uniting Aboriginal and Islander Christian Congress recorded a deficit. The Mission and Service Fund’s operating result for 31st December 2017 closed with a modest surplus against a balanced budget target. The full report can be accessed here. Peter advised that 2018 is on track for a balanced budget. Proposal 3 was passed by consensus.
Matt Wilson, Manager, Property and Projects, provided an update on the buildings owned by the Uniting Church in Australia Property Trust (SA). In South Australia there are 500 properties (61% are church buildings and 27% are manses) used by congregations in South Australia. Matt highlighted the need to have safe and welcoming properties. He introduced the new Property Officer, John Fong, who will visit all congregations this year and next year to help them manage their building responsibilities.