SUNDAY, OCTOBER 20, 2024

Annual Report | AGM Documents | Proxy Voting | FAQs

The Leadership Board invites you to the Waterloo site to attend our Annual General Meeting (AGM) to celebrate God’s faithfulness this past year, to make key decisions and to hear more about the next season at WMB. Both sites will come together for one combined service at 10AM at our Waterloo Site to worship, pray, and learn together. Lunch, coffee and tea will be provided immediately following the service, followed by our Annual General Meeting. Check in will begin at 12:00PM.

2023/24 Annual Report

You can view the Annual Report below clicking the left or right side of the image to scroll between pages, click “download now” for a PDF copy below, or pick up a hardcopy from the Welcome Desk or Main Office.

Download Now

AGM Documents

Please ensure that you have reviewed the information below prior to attending the AGM.

Motions

Questions? See the Frequently Asked Questions section below, or contact the Leadership Board at leadershipboard@wmbchurch.ca

PROXY VOTING

If you are a Member who is unable to attend the AGM you can have another Member vote on your behalf by submitting a proxy form to the Church office no later than 4pm on Thursday, October 17, 2024.

Download a fillable Proxy form at the link below, request a hardcopy by contacting Lisa Matthews, Director of Administration, at lisamatthews@wmbchurch.ca or call the church office at 519-885-5330.

Download Proxy Form

Frequently Asked Questions

Questions? Follow the link below for responses to some frequently asked questions. For further information, contact the Leadership Board at leadershipboard@wmbchurch.ca

PARTICIPATION

+ Who can vote on motions at the AGM?

Legal voting Members are eligible to vote on motions for WMB. If you are a Member who is unable to attend the AGM you can have another Member vote on your behalf by submitting a proxy form (see above) to the Church office no later than 4pm on Thursday, October 17, 2024. If you would like to confirm that you are a legal voting member ahead of the AGM, please contact membership@wmbchurch.ca.

FINANCE

+ What are notable facilities improvements that are included in the budget?

Family Room Reno (Kitchener)
Fire Suppression Systems (Waterloo & Kitchener)
Replace A/V Equip as needed
Computers as needed

Note: This is not the full list of needs. It is only what budget allows

+ It appears that there was an investment of $200,000 in capital assets. What did this include?

Foyer upgrades (Waterloo)
Fire Alarm Control Panel (Kitchener)
Air Conditioners (Kitchener)
Projectors (Waterloo)
AV Equipment (Waterloo & Kitchener)
Fridge/Freezer (Kitchener)
Computers (x3)

+ I’m not an accountant, so can you please summarize why there is a significant drop in cash balance between the start of the 2023 year the end of the 2024 year as shown on the “statement of cash flow”?

Planned use of surplus funds in 22/23
Drop in CSJ funding for WUMBA (22/23)
Did not meet General Fund budgeted donation revenue (22/23)
Did not meet Nehemiah Fund budgeted donation revenue (22/23 & 23/24)
Did not meet Barnabas Fund budget donation revenue in 23/24
Staff termination costs (22/23 & 23/24)
Increase in capital asset purchases due to unplanned costs (fire control panel, projectors, fridge/freezer) in 2023/24

+ Where did you see God at work even in the church’s finances in the last year?

God is faithful and good! Giving in the General Fund is gradually increasing, and we are trending ahead so far for the 1st quarter of the 2024-25 year. We had 83 new donors this past year. This is really encouraging!