THE Methodist Church in Fiji, at the end of its financial year of 2012 - 2013, recorded an operating surplus of $386,000.
The church's accountant, Reverend Sekaia Ratumudu, presented the audited financial report at the last day of the annual conference in Suva yesterday.
The report stated that $374,000 was recorded from 2011-2012 but after taking into consideration depreciation and interest expenses, the church recorded a deficit of about $536,000.
Mr Ratumudu also informed the delegates that after 48 years of manual accounting, the church's first fully computerised system was now live.
The new computerised system is expected to allow for a transparent and accountable system of financial management.
The final day of the conference also endorsed new financial management practices implemented by the Connexional Office of the church.
For 2013-2014, Mr Ratumudu introduced his intention for the church's Connexional Office, Epworth House, Development Trust, Theological College and church departments to have a zero balance budget.
The church's annual budget for 2013-2014 has been set at around $5.5million.