Summary of March 2017 Deacon Board Meeting

• A new offering category called “Building Redevelopment Fund” (BR Fund) will be created with immediate effect. This fund is designated for any building redevelopment project. 
• Policies for congregational loan repayment are listed as follow (Apply to new loans only): 
• Uniform interest rate for congregational loan or 0% is allowed 
• Interest loan rate should be based on CBWC Foundation deposit rate 
• Loan is based on first-lend-first serve basis 
• Borrowing term minimum 30 days 
• Both WBC and lender can request cancellation of the agreement 7 days in advance. 
• Loan will repay according to the date of the agreement signed 
• The board reserves the right to accept or reject a loan 
• The church will not issue donation receipt for all loans that offered 0% loan interest rate. 
• For safety reason, the main entrance will be locked up during weekday nights’ gatherings including small groups meetings. Members will need to call their leaders for entry. 
• GZone coach Kelly Lo will be replaced by Clemmie Cheung effective September 2017. 
• Children program will be provided during EM worship service whenever necessary. The program will be led by Mabel Cheung effective May 2017. 
• Pastor Alan will take his annual leave from March 17 – 30, 2017. Pastor Gladys and Pastor Anders will take their annual leaves from April 19 – April 30, 2017.