Finance Committee report to the December 16th Church Council
We have 61 pledges totaling $174.3k, about an overall 8% increase from estimated current-year giving. For these pledges giving increased about 8% over 2013 estimated giving. There remain a similar number of potential pledging units who have yet to respond. It remains critical to get pledges from as many of these folks as possible..
Below is a very rough guess for 2013 year-end and 2014:
2013
GF on 11/30 $282.8k
Expenses on 11/30 $305.4k
GF balance on 11/30 -$11.4k
GF December giving $42.2k $325 YE giving forecast estimate minus giving through 11/30
December expenses $30k
GF balance at YE -2.2k $42.2 minus $11.4, minus $30k expenses, minus the estimated Christmas Offering estimated at $3k
Apportionments payments in 2013 $17.6k, the $8.6k given plus $5k from the Fall Festival, plus $1k from targeted Apportionments giving, plus $3k from the Christmas Offering
Apportionments arrears $34.2k
2014 Assuming that non-personnel costs are held constant.
Expected GF expenses $372k including $335k in GF expenses which include$8.6k for apportionments and an additional $37.4k in apportionments (total $46k)
apportionment contributions $12k (Easter and Christmas Offerings plus a Fall Festival and !4k in targeted giving)
2014 GF resources needed $360k for current spending and full apportionments payment
2014 budget reduction needed $20 -30k needed to comfortably cover expected expenses
Chris Hipp Chair Finance Committee
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