LWCC Proposed Budget--April 15, Proposed Notes EXPENSES Budget Budget

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1 LWCC Proposed Budget--April 15, Proposed Notes EXPENSES Budget Budget Salaries 5010 Pastoral Salary/Housing Allowance $36, $35, h/wk, with cost of living increase of 2.1% and experience increase of $759xFTE, Hourly $ Nepali Pastor Salary $26, $19, h/wk, with cost of living increase of 2.1% and experience increase of $759xFTE, Hourly $ Church Administrator Salary & Benefits $11, $10, hrs/wk, with cost of living increase of 2.1%, Hourly $ Church Bookkeeper Salary & Benefits $8, $5, h/wk, with cost of living increase of 2.1%, Hourly $17.73, On track to spend ~$9K in Y. Pastor Salary /Benefits /Housing Allowance $33, $32, Hourly $ Community Church Worker $16, $15, h/wk, with cost of living increase of 2.1% and experience increase of $759xFTE, Hourly $ Janitorial Services $11, $10, Assumes $12.25/hr and 17 hrs/week. Also includes substitute for paid sick/vacation time Employer Share -Payroll Taxes $11, $7, % of salary of ALL Sub Total Salaries $155, $136, Pastoral & Administrative Overhead 6040 Trips, Education, Conferences $ $ Requested 500, Decrease based on Actual 15/16, 16/17, and 17/18 projected (actual YTD) 6050 Postage $ $ Supplies & Office Expenses $ $ Requested 900, Decrease based on Actual (previous years) and 17/18 projected (actual YTD) 6070 Equipment Maintenance Contracts $2, $1, Accounting Services/Software $2, $2, Printing $ $ Assumes printing an LWCC Popup Banner 6095 Website development & maintainance $ $ Increased to reflect 2017/18 actual 6100 Computer Services/Support $ $ Requested 400, Decrease based on Actual 14/15, 15/16, 16/17, and 17/18 projected (actual YTD) Sub Total Pastoral & Admin. Overhead $7, $6, Facilities Costs 7000 Everence First Mortgage - Principle Only $14, $14, Per Amortization schedule 7005 RPF Second Mortgage $16, $16, RCN: Telephone & Internet $1, $2, Same as last year. This will be 3rd year of our contract People's Gas - Church $3, $3, acutal will be $2,600. In 2014 our actual was $3, ComEd - Church $5, $5, Aactual will be $4, Water - Church $ $ Water costs are expected to rise actual will be $ Building Repairs & Materials $13, $3, including patching hallways and some plumbing work, $1,500 for roof repairs Trash/Recycling $3, $2, actuall will be $2,900, line item has increased every year for past 5 years Janitorial Supplies $1, $1, Actual costs have been between $800 and $1,200 for the last 5 years Extermination Service $1, $1, Contract for fixed amount 7040 Security System $ $ Contract for fixed amount 7047 UBTI (Federal and State) $2, $3, and forward. Sub Total Facilities Costs $62, $53, Local Programs 7050 Worship Space Décor $ $ Music & Sound Expenses $2, $ Modify monitor, replace wireless mic, normal upkeep and repairs 7080 Honoraria $ $2, Reduced from requested 1400 because YTD actual is $1,350 of budgeted $2, Christian Education $1, $1, Includes addition of park attendant $20 for 11 weeks 7095 Membership Coordination $ $ Church Retreats/Development $ $ Assumes sound equipment for 2 Block Parties

2 8010 Meals & Celebrations $1, $2, Requested 2000, reduced to reflect actual expenses in 16-17, Cambodian Group Support $1, $1, African Group Support (e.g. Choir) $1, $1, Nepalese/Bhutanese Group Support $5, $1, As requested by Elders to meet Nepali group request 8020 Leadership Development $2, $1, Summer Service Workers $ $8, No workers in Summer 2018, budgeted amount is for June Workforce Development $12, $12, Assumes $10,000 grant from MCC with $2500 in matching funds from LWCC 8030 Liability Insurance $3, $3, Nursery Materials $ $ Childcare $ $ After School Program $8, $8, Youth Trips/Retreat $6, $6, VBS $2, $2, Membership Dues & Affiliations $ $ Miscellaneous $2, $ Average actual from was $ Van Maintenance and Licensing $4, $4, Sub Total Local Programs $57, $59, Combined Subtotal $281, $255, Benevolence 9010 Denominational Giving $3, $3, Mission Giving $8, $8, Deacons Fund $5, $8, YTD spent in is $2600, $1020 in budget is set aside for Norein's health needs Sub Total Benevolence $17, $20, Total LWCC Church Expenses $299, $275, Pratt Plaza Expenses (Non-LWCC) Utilities $30, $26, Reflects actual expenses in past three years Everence 1st Mortgage - Interest Only $19, $21, Per Amortization Schedule Janitorial & Maintenance Work $6, $13, Average of actual expenses in past three years is $5050 Materials & Supplies $ $1, Reflects actual expenses in past three years Insurance $4, $4, Consulting Fees (Legal) $ $ Property Taxes $17, $15, Taxes paid in plus 7% Total Pratt Plaza Expenses $79, $81, al LWCC Church Expenses and Pratt Plaza Expenses $378, $357, Pratt Plaza Revenues Bubble Express Revenues (Rent + Pass Thrus) $87, $72, Equal to and $4K less than predicted 4910 Rental Income (1606 and church space) $8, $8, Includes income from 1606 space and other church space rentals, YTD in $ Parking Revenues $4, $3, Increases rental space cost to $70 monthly, assumes spots filled 97.5% of time Total Pratt Plaza Revenues $99, $84, Funds Needed to Meet Total Expenses $279, $273, Grant Funding $10, $16, No summer workers grant, only $10K workforce dev w/$2500 LWCC match Amount Required from LWCC $269, $256, Anticipated LWCC Tithes $246, $225, in past years has been 5%

3 Anticipated Spend Down of Cash Assets $23, $30, finance committee has worked very hard on the budget this year to make sure the predicted spending and Predicted Cash Assets July 1, 2018 $200, Predicted Cash Assets in June 30, 2019 $176, expenses). That is equal to $193,500.

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