Finance Committee Report to 11/21 Church Council
Review of the General Fund balance through October shows:
The General Fund balance is $4.5k vs. $17.6k in 2010 and significantly below the $13.2k where we started 2011.. The $9.7k improvement over September results from spending $4.2k below giving (no apportionment payment) and $5,7k generated by the Trinity Fair. Apportionments payments ytd are $29k, leaving us $15k below full payment. We forecast giving at year-end to be about $365k, near our budget, but above-budget utility and personnel costs will leave us below our full apportionments commitment.
The Capital Fund has a balance of $33.7k vs. $32.7 in 2010.
The Finance Committee will ask the Church council to act to commit the resources in the Founders Day and Memorial Funds.
Many thanks to Paul and Chris Sipson and all those who worked to make the Trinity Fair a success. It generated $5.7k for the General Fund and was an enjoyable occasion for the Trinity family.
Stewardship will be addressed on 11/13 and 11/20, followed by a mailing which will include a 2012 pledge card.
Following this campaign, steps will be taken to bring our 2012 spending plan into balance with giving. This could include Staff cuts, reduction in Historic Trinity costs and focus on critical program areas. This process is anticipated to begin in December, when initial results from the pledge campaign are known.
Chris Hipp – Chair Finance Committee
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