| 2010 | 2009 | Difference | |
| Givng | $160.1k | $151.8k | +$8.3k |
| Spending | $146.1k | $165.1k | -$19k |
| Balance | +$20.6k | -$2.9k | +$17.7k* |
| GF Giving vs. forecast | +$5.8k | ||
| Capital Fund giving | $14.2k | $20.5k | -$6.3k |
| (* this looks like an error, I think it should be +$23.5k- Nate) | |||
The positive GF balance does not reflect several thousand dollars in accrued gas heating costs (which will be spread over the year), but does include the $10k which we started the year with (as has been our practice).
This situation is very positive, particularly in comparison to recent years, which has permitted addition of $9k to the GF budget: Also, we anticipate our heating costs be be about $5k lower than budgeted.
2010 Budget additions
Employee healthcare $3k
Part-time Contemporary Worship leader starting in June $6k
Based on our favorable financial position, the Finance Committee voted to contribute $3.7k to Apportionments to make up our year-to-date shortfall and to begin giving 14.6% of our monthly GF income to Apportionments (vs. our current 10%) starting in June. We will continue this as long as our financial position permits. This will increase our monthly cash outflow by $1 - 1.5k.
The FC then considered $9k in requests for recommendation for additional spending, submitted last month by Pastor Childs. The Finance Committee is not charged with choosing how spending increases are allocated (that being the responsibility of the Church Council and Pastor Childs). Given that, the Committee was asked for input on recommending a $3k increase to the General Fund budget.
Respectfully submitted,
Chris Hipp -Chair, Finance Committee
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