From the Memo Board: January 2015

January Income

During a typical month, we close out the books on the 25th, and any checks received after that date are posted to the following month. Due to receipting requirements, we cannot do this in the month of December. As a result, please be aware that the December support may be higher than normal, while your January support may be lower than normal. Please be sure to plan ahead for this.

 

Housing Allowances for 2015

Housing allowances previously in place have automatically rolled over to the new year. Missionaries who are ordained are eligible to have a housing allowance in place, which can provide certain tax benefits. If you did not have a housing allowance in 2014 and would like to have one for 2015, or if you have questions regarding this, please contact our office.

 

New Excel Template

A new Excel template for the year 2015 will be available during the first week of February. This will give us time to review the need for any possible updates. January financial reports will be due on March 1. Should you wish to complete your report before the new template is available, you are welcome to submit it on the 2014 template.

 

New Mileage Rate

Beginning January 1st, the IRS mileage rate has increased to $0.575 per mile for business/ministry miles. This change will be reflected on the new Excel template for 2015.

Elena Germano

New Baby!

Elena Lisa Germano was born to Timothy and Stephanie Germano on November 29. She weighed 7 lb. 13 oz. and was 20.5″ long. The family is doing well and Elena has already been traveling on deputation! The Germanos are on deputation to go to the Dominican Republic.

 

Nathan Fry & HannahNew Engagement!

Nathan Fry and Hannah Joyal were engaged on Christmas Eve! Nathan will soon be returning to Pohnpei, where he will continue to assist Ruth Ann Arthurs with the radio station until the Eibens arrive and are trained. Pray for this couple as they make plans for their future together!

 

Michael DeatrickNew Graduate!

Michael Deatrick completed his missions degree in December from Ambassador Baptist College. Now that his schooling is completed, he and his wife Nora have moved to Missouri, where they will base the remainder of their deputation. They are planning to go to the Solomon Islands.