Tag Archives: cash management

Financial Reporting and Cash Management Problems at Grace Episcopal Alexandria

I’ve written on this topic before, including the fact that the $500,000 loan from the parish to Bob Malm was recorded off the books for many years. Here, in bulleted format, are some of the other problems with cash management and financial reporting during Bob Malm’s 30-year reign. Before you join the church, make a pledge of financial… Read More »

Bob Malm Allegedly Ignored Bank Complaints that Church Deposits Were Repeatedly Off

Almost 200K a year in compensation and he can’t be bothered to find out why? And why were several thousand dollars’ worth of undeposited cash and stale checks found in a former parish administrator’s office when she left? Why was this not detected before she left? Why after almost 30 years as rector does the church STILL not… Read More »

Churches and Liquidity Targets

Speaking of St. Dysfunction  Grace Episcopal and its governance/financial management, there’s a good article on churches and liquidity targets at: https://www.agfinancial.org/blog/cash-reserves-how-much-does-your-ministry-need/ Before you ask, the site is affiliated with the Assemblies of God. Given The Episcopal Church’s long history, and Bob Malm’s more than 40 years of “ministry,” it’s surely a sad day when Grace Church vestry members in… Read More »