The minutes of the meeting and the financial reports are posted in the parish hall. The next meeting of the Vestry is scheduled for 7 p.m. on Tuesday, December 15.
From: Lynne Weikart, Treasurer
Re: Monthly Report: October 2015
Five-sixths (83%) of the year is past. We are on target with most of our revenues. We are over on some categories of expense but that should even out by the end of the year. We remain with a structural deficit budget of almost $20,000. We may end up with a balanced budget this year because of personnel changes. Our current spending is not sustainable for next year unless we increase our revenues.
We are defining givers of record as those people who donate $500 or more and do not pledge. So our plate offerings are smaller this month because adhering to that guideline we moved some monies from plate offerings to givers of record. Although it is not recorded in October, the Wheat fund is in at $3600 which is $300 less than what we budgeted.
Our expenses for the year are too high in several categories. The question will be – can we control these expenses next year?
As I explained last month, the trends in our congregation are not encouraging. Not only are the pledge dollars on a downward trend but so are the average church attendance, number of pledgers, and baptisms. Meanwhile, the number of deaths is increasing. (See the accompanying spreadsheet). We have not stopped the decline in attendance this year or the number of pledgers, although we have stopped the decline in pledge dollars.
In budget year 2017, we will likely welcome a new rector. Expenses will accompany him/her that are not now in the budget, such as pension and health benefits. So whatever we face in 2016, we will face an even steeper climb to fiscal stability in the following year. We need to plan ahead for a new rector and not saddle him/her with a precarious financial situation.
At the December finance and operations committee meeting we will put together a balanced budget to recommend to the vestry. I urge every vestry member to attend that meeting on December 8, starting at 6pm.
Vestry Minutes for November 2015 PDF file
Vestry Agenda for November 17, 2015 PDF file
Financial - Balance Sheet for October 2015 PDF file
Financial - Dedicated Funds for October 2015 PDF file
Financial - Income and Expenses for October 2015 PDF file
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|10:00 a.m.||Holy Communion|
|5:30 p.m.||Holy Communion|
|8:00 a.m.||Morning Prayer|