April 19, 2020
Dear St. John’s,
Alleluia! Christ is risen! Happy Easter to you and your family. While it certainly wasn’t the Holy Week and Easter celebration I had imagined for our community, it certainly was a memorable one. Nearly one month into the Stay Home, Stay Healthy order in our community and things are settling into a new, albeit strange, routine. The church building remains closed and staff members are working from home. Staff and vestry meetings, as well as Wednesday Evening Prayer are happening virtually on Zoom. Our Sunday worship is pre-recorded by a small group and then live-streamed for the “congregation” to enjoy on the internet on Sunday mornings. Connection Groups are active as a way for parishioners to stay in touch and check in on one another. It is our new normal, at least for now.
This letter is to share with you details of our financial situation at the church as we continue to navigate this uncertain time. I have good news and other news.
1ST QUARTER FINANCIAL STATEMENT: BUDGET VS ACTUAL
Offering Income Total
Investment Income Total
Other Income Total
SUMMARY OF THE NUMBERS
You might think St. John’s is doing just fine by looking at this report. The numbers look good. Total offerings in the first quarter were high and our expenses have been as expected, but let’s take a closer look. Offering income in January 2020 was extremely high due to the number of people who pay their annual pledge all at once and we didn’t spread that out evenly across the rest of the year. So, while the first quarter looks great, we anticipate the offering amount to decrease over time.
Also, we have worked hard over the past few years to increase rentals in our building by community groups. This has completely stopped for now and will result in a decrease in rental income for the year. Additionally, our investment income will decrease as the stock market takes a hit.
The vestry and treasurer anticipate the second quarter will likely look different in the coming weeks. But as we are all mindful of uncertainties, this is also a congregation that gives generously, as we are all able.
WHAT THE STAFF & VESTRY ARE DOING TO PLAN
The vestry took prompt action along with the staff and applied for the CARES act Payroll Protection Program loan for small businesses. We are waiting to hear if our application has been accepted. If we receive this loan, it will cover payroll expenses for eight weeks and will eventually turn into grant money that does not have to be repaid.
We have proactively reduced costs where possible and are paying close attention to all expenses at the church. Rest assured that your staff and vestry are being attentive stewards of our resources.
The Executive Committee is also taking a close look at endowment and reserve funds “just in case”. It is our fervent hope that these funds, tucked away in years past, can be held onto for capital expenses and building repairs and not needed for operational expenses.
HOW CAN I CONTINUE TO GIVE TO THE CHURCH?
That’s a great question! I’m glad you asked. Many people have switched to online giving through our website. Thank you! We can help you set that up if you need it. On the St. John the Baptist website: www.sjbwestseattle.org, you can pay your pledge, make a donation to the Food Bank or the Rector’s Discretionary Fund.
You may also continue to mail checks to the church or even drop them off in the mailbox yourself.
THANK YOU FOR YOUR GENEROSITY
We are especially thankful for each and every one of you, for your support of one another, and your care for the body of Christ, this community.
Enclosed you will find your personal first quarter statement. If you have any questions, please contact our bookkeeper, Anita McKay: email@example.com or Kate Wesch: firstname.lastname@example.org
Blessings and gratitude,
Kate Wesch, Rector Dan Johnson, Junior Warden
Alison Estep, Senior Warden Andrew Campbell, Treasurer