Summer 2004 Rapport: Annual Report 2003-2004
Back to Annual Report Table of Contents
page of the Summer 2004 Rapport (PDF, 1MB,Download
Help, Download Time Calculator)
From the Business Office...
|Rev. David Willemsen
Director of Business
Human Resource Services Transition
The AGTS Business Office has
successfully completed the transition of payroll and human resource
services from the General Council of the AG to AGTS. Since accounting
services were transferred last year, all financial services,
including essential data, policies and procedures, are now
managed and administered internally.
Student Information System (SIS)
Since 1997 AGTS has used a
comprehensive software application to store, manage and process
data for students and donors. Although the current application
has served the seminary well, it is limited in its capacity
to meet the current demands and expectations of a viable SIS.
In February 2004 the Board of Directors approved the purchase
of a major software upgrade, which offers self-service web
applications for registration, degree audit and bill/contribution
payment; course management tools that provide for online class
participation; and a host of improvements in report capabilities,
search functionality and software development. Implementation
of the upgrade will begin fall 2004.
2003-04 Year-End Financial Report
As of April 30, 2004, AGTS
reported total annual revenues of $4,772,412 and expenses of
$4,686,998 resulting in a $85,414 increase in net assets at year-end–
a significant turn around from last year’s $402,696 decrease
in net assets. This year’s
increase in net assets is delineated as follows:
In Comparison to the 2002-03 Fiscal Year:
The cost to educate each student during the 2004-05 fiscal year
is projected at $12,101.
Wednesday, August 25, 2004 10:38 AM