Finance Committee Report to April Church Council
Through 1st Quarter, General Fund giving was $84.3k vs. $85.3k in 2011 and expenses were $90.1k vs. $92.3k last year. The General Fund balance was $4.1k vs. $6.3k in 2011.
Our monthly Apportionments were paid in March, and will continue in April.
The year-end estimate generated by weekly giving compared to the previous three years indicates $365k, vs. a budget of $373.8k.
Not included in this are the $2.5k Ester Offering, a possible Trinity Fair and the Christmas Offering, all of which will be used to meet our Apportionments Commitment..
Pledged giving through 1st Q is behind commitments, but may be largely a calendarization issue.
The Finance Committee recommends that the year-end estimate be monitored and cost reductions be pursued should it drop below $360k on a sustained basis.
The Committee wishes to thank Jim Winter for his diligent efforts to maintain our financial system in the difficult time after Jay Martin’s untimely passing.
Respectfully submitted,
Chris Hipp –Finance Committee Chair
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