Monday, November 19, 2012

Finance Report for November 2012 Council Meeting

Through October General Fund giving is $281.6k vs. $293.6k in 2011, a decrease of $12k, while expenses are $299.9k vs. $302.3k in 2011, a decrease of $2.7k.YTD we have paid 80% of our apportionments.

 The Trinity Fair generated $4.7k.Thanks to the Sipsons and all the others who worked to make it the success it was. The Finance Committee recommends that these funds be targeted toward apportionments, as has been the practice in recent years.

At the 11/17 Church ChargeConference the compensation packages for our Senior Pastor and Associate Pastor were approved, giving a 1% pay increase.

We are using a different approach to Stewardship for 2013.The congregation is being asked makea private commitment to the life of the Church, rather than to a budget. In 2013 spending will be closely monitored and budget adjustments made if necessary.

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