The Finance Committee held its regularly scheduled October meeting on the 12th.
Through September, the General Fund balance is $17.7k vs. -$2.3k in 2009, while our apportionment payments are fully funded. This results from $10k increased General Fund giving, $11k lower spending vs. 2009, including perhaps $12k lower gas heating costs. Also, about $10k was given by a family which left Grand Island last year.
Our reduced spending budget combined with increased giving and lower gas costs have allowed us to fully fund apportionments while marginally increasing spending vs. budget.
Increased General Fund giving is, however, offset by a $10.7k reduction in Capital Fund giving.
Commitment Sunday for the 2011 Stewardship Campaign will be November 7th. It is important that pledges be returned promptly since the Church Charge Conference is scheduled for December 1st.
The SPRC requests $2000 be added to their budget to support year-end gifts for non-salaried staff. After discussion this motion was made, seconded and passed.
The process of assembling the candidate 2011 budget has begun.
Chris Hipp – chair Finance Committee
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