Armenian Church of the Holy Martyrs: FUNDS

 List of the funds and their desciption:

1. General Fund

Day to day income and expense activities of ACHM, policy decisions of ACHM

administeres by annually elected Parish Council with 2 yr terms

2. Reserve Fund

Receives the net annual income or expenses of the General Fund. Non-normal expenses investin Fund monies. Rental Houses, administered by the 3 trustees for 6 yr terms

3. Permanent Trust Fund

Monies permanently set aside for income purposes for the benefit of ACHM. Investing Gund monies. Annual income distribution to the General Fund. Administered by the 5 trustees for 5 yr terms

4. Donor Restricted Fund

Funds donated for restrited purposes based upon the wishes of the donee. Administered by the Parish Council

5. Future construction fund: long term construction projects of ACHM. Investing of Future constructionvfund done by Reserve Fund trustees. Administered by the Parish Council

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