Vineyard Institute

“Other expenses include: Bank Fees $2421, Insurance $3144, Subscriptions $179, and Computer-Online Expenses $4981.”

“Other adjustment-Net Assets”

“Other assets include Accounts Receivable $160 and Prepaid Expenses $3329.”

“Liabilities include Accrued expenses $5516.”

“A change was made to the Code of Regulations, Article II "Members," Section 2.02 as follows: Section 2.02(a) The six existing members agreed unanimously to resign and the following entity was installed as sole member: Vineyard International Executive (VIE), an unincorporated association of the Vineyard churches, supported by Vineyard International Resourcing UK Ltd, a private company limited by guarantee, with registered addresses at The Vineyard Centre, Vulcan Street, Hull, England, HU6 7PS. This is a natural evolution of structure as the previous six members are now under the advisement of VIE. Section 2.02 Rights and Duties of Members (a): As sole member VIE has sole authority to approve, appoint, and dismiss Directors. Section 3.03 - Initial Directors; Classes of Initial Directors; Number and Election of Directors (b): The minimum number of directors was reduced from 7 to 3. Section 4.02 - Alternate and Ex Officio Members, Advisory Committee, (c): The Directors may set up an Advisory Committee which would include by way of illustration but not limitation, Vineyard AVC leaders, AVC training personnel, and other leaders, educators, theologians and/or church planters in the international movement of Vineyard churches. The Advisory Committee shall have no vote or control with respect to any matter of the Corporation whatsoever. The list of VI officers is shortened to require only a Chairman/President, General Manager, Secretary, and Treasurer.”