*Please note this spreadsheet needs viewed on a laptop or computer screen and not a mobile device or tablet. Paper copies are available in the Information Center at Church.
|Jan-Apr 19||Budget||$ Over Budget||% of Budget|
|141 Offerings Income||121,738||80,588||41,150||151%|
|142 Investment Income||3,806||6,060||(2,254)||63%|
|143 Other Income Total||4,748||14,340||(9,592)||33%|
|150 Compensation Expenses||71,781||69,573||2,208||103%|
|151 Operations Expenses||41,645||35,740||5,905||117%|
|152 Parish Life Expenses||1,580||2,328||(748)||68%|
|66900 Reconciliation Discrepancies||-||-||-||0%|
|Net Ordinary Income||15,006||(6,653)||21,939||-230%|
The Vestry and Finance Committee have committed to making our finances and regular statements more available to the congregation moving forward. This is the first effort toward that end. Each statement will include a short narrative explaining what you are looking at and current trends. More in depth reports are always available and your questions are welcome!
This shows basic income and expenses from January through April. As you can see, income is up and expenses slightly above budget. This is fantastic! Both of these facts show our growth. Year to date, our average Sunday attendance is: 150. That is a 15% increase over this time last year. With this pace of growth, I would expect us to exceed our budget a bit as program needs increase, the building is used more, and staff is working hard to keep up. Additionally, new members who may not have pledged in the stewardship campaign last fall, are giving which accounts for the increased income. Some of that amount also includes annual pledges that were given in total in the first quarter of the year.
In summary, this is great news! The growth and increased income will allow the vestry to make strategic decisions in the 2020 budget planning which is already underway. We are eager to address deferred maintenance on the building, increase staff hours to keep pace with growth and expanding program needs, and provide more outreach to our community.
Again, if you have any questions at all or would like to see more detail, please ask a vestry member, Andrew Campbell, our Treasurer, or me.
In grace and peace,