May Finance Committee report

Through April:
General Fund giving +$6k vs. 2008, 2009
General Fund spending -$14.5k vs. 2009
General Fund balance +$14.9k vs. -$5.3k in 2009

The increase in General Fund giving is largely offset by reduced Capital Fund giving. In 2010 the monthly average GF giving is +$1.5k vs. 2009, while the average CF giving is -$1.4k monthly.

Much of this reduced spending results from a change in how we accrue our gas heating costs. We do, however, expect to be $5k below our estimated gas costs at year-end.

In April we gave $6.2k to apportionments, and $15.0k ytd, leaving us $2.8k below our commitment year-to-date. This is a significant improvement from 2009, where we had given $9.1k at April month-end.

Considering current giving, the General Fund could be as much as $18k above the budgeted $365k, and we are anticipating being $5k below budget in gas heating costs, but pledged giving is anticipated to decrease $10k in the second half of 2010, giving a net $13k increase.

Historic Trinity financial records were audited and found to be in order. The Committee thanks Jay Martin for this effort.

Jeff Childs asked that the FC consider recommending a $6k spending increase to compensate Nate Lange for his Contemporary Worship leadership from June through year-end. After some discussion the Committee voted to recommend this to the Church Council.


Respectfully submitted

Chris Hipp – Chair, Finance Committee