BUDGET NOTES FOR JANUARY 20 TH HANDOUT

Transcription

1 BUDGET NOTES FOR JANUARY 20 TH HANDOUT Several folks have asked that the budget details be available before the January 27, 2019 annual meeting. Attached is what we have at this point. The expenses are fairly well known, but the income side is still being figured out. So this presentation might appear unduly pessimistic. The budget worksheet uses Financial Secretary Cheryl Cyr s analysis of the Estimates of Support we have received through January 14 th. I will update the figures up to the time of the annual meeting and we will seek approval of the expenses pending a finalization of the support estimates sometime in mid-february. Last year we approved the budget expenses at the meeting and at the end of the Bridging the Gap campaign we established our budget with a deficit of $(8,743). Shortly after that time a member advised us that the $5,000 gift they had made toward the BTG campaign was intended to be $1,000 to the BTG and $4,000 to the Imagine Capital campaign. After that adjustment our final budget was corrected to $(12,743). We ended the year with a deficit of $(7,481). I would be happy to answer any questions regarding this. Ed Daggett, Treasurer, , treasurer@flcme.org

2 FLC 2019 Budget Worksheet as of 1/14/2019 Revenue Categories 2018 Approv'd 2018 Final Prelim Regular Giving by Members 1/14/ Loose Offerings 3, Regular Envelopes 287, Close the Gap 17, Special Envelopes 7, TOTAL REGULAR GIVING BY MEMBERS 315, C Cyr 1/ Designated Giving by Members Coffee & Fellowship Income Flowers & Worship Income 1, Sunday School Income VBS Donations Income Fellowship Events Income Stewardship Comm Income VBC Registration Income Other Designated TOTAL DESIGNATED GIVING BY MEMBERS 2,980 2,176 3, Income from Renting Space Rent Income - FLCP 40, Rent From Other Use TOTAL INCOME FROM RENTING SPACE 40,200 40,200 40, Other Income 4096 Thrivent Choice Dollars TOTAL OTHER INCOME 300 1,076 1,000 TOTAL INCOME 358, , ,973 Expense Categories Outreach and Witness ELCA/NE Synod Expense 20, Maine Conference ELCA Expense Outreach Comm Exp Misc Exp

3 TOTAL OUTREACH AND WITNESS 21,450 20,250 21, Office Support Office Supplies Expense 2, Office Supplies Reimb - FLCP (500) Office Equip. Maint & Lease Exp 6, Postage & Delivery Exp 1, Church Software 1, Technology Upgrade Exp 1, Computer system maintenance contract & licenses 10, FLCP reimbursement (5,000) Computer Network & Internet Exp 1, Newsletter Expense Payroll Processing Service Exp TOTAL OFFICE SUPPORT 20,050 14,806 17, Pastor Expenses Pastor's Salary Expense 29, Interim Pastor's Salary Expense 17, Pastor's Furnishing Allow Exp 1, Interim Pastor's Furnishing Allow Exp Pastor's Soc Sec/Medicare Allowance Exp w Offset 2, Interim Pastor's Soc Sec/Medicare Allowance Exp w Offset Pastor's Pension/Medical Ins Exp (Portico) 27, Interim Pastor's Pension/Medical Ins Exp (Portico) 10, Pastor's Cont Ed Exp (RE) 1, Interim Pastor's Cont Ed Exp (RE) Pastor's Travel Expense 2, Interim Pastor's Travel Expense 2, Pastor's Housing Equity 401c Exp 1, Interim Pastor's Housing Equity 401c Exp Pastor's Book/Periodical Exp Interim Pastor's Book/Periodical Exp TOTAL PASTOR EXPENSES 97,333 85,320 88, Staff Salary & Benefits Secretary's Salary Expense 28, Organist's Salary Expense 19, Choir Director's Salary Expense 4,

4 :15 Service Music Dir Salary Expense 3, Y&F Min Dir Salary Expense 14, Supply Pastor Salary Expense 1, Supply Organist Salary Expense 1, Treasurer's Salary Expense 14, Total Staff Salaries 87,874 83,405 89, Payroll Taxes: FICA Payroll Tax Expense 5, Medicare Payroll Tax Expense 1, Worker's Comp Insurance Secretary's Conference Expense Pension Contributions Expense (Thrivent) , Pension Contributions Expense (Thrivent) Youth and Family Min Director: Y&F Min Dir Book Allow Expense Y&F Min Dir Travel Allow Expense Y&F Min Dir Cont Ed Allow Expense Medical Insurance Expense Total Staff Benefits 10,700 9,788 9, TOTAL STAFF SALARY & BENEFITS 98,574 93,193 98, Property Expenditures Church: Heating Fuel Expense - Church 13, fuel costs still high Electricity Expense - Church 10, CMP incr, LED bulbs Telephone Internet Expense - Church 3, Tele-Int Exp Reimb - FLCP (1,353) Water/sewer Expense - Church 6, Maintenance Expense - Church 10, Reimb FLCP Paper Goods (2,700) FLCP 60% of paper goods Maint. Exp for Grounds - Church 18, Rubbish Removal Exp - church 2, Fire Protection Maint. Exp - Church 3, HVAC Expense - Church 7, Cleaning Service Exp - Church 22, Cleaning Service Reimb FLCP (13,200) , Propane Expense 1, Ministry Center Mortgage:

5 Reimburse from Capital Funds (17,700) Mortgage Payable 17, Mortgage Interest Exp - Church 4, Total Property Expenditures - Church 85,448 89,914 94, Parsonage: Heating Fuel Expense - Parsonage 2, Electricity Expense - Parsonage 1, Phone, Cable, Inter Expense - Parsonage 1, Water/Sewer Expense - Parsonage Maintenance Expense - Parsonage Property Taxes Expense - Parsonage 4, Total Property Expenditures - Parsonage 10,740 10,860 13, TOTAL PROPERTY EXPENDITURES 96, , , Parish Ministries Worship and Music: Bulletins and Inserts Expense Devotional Materials Expense 1, Flowers & Worship Expense 1, Music Conference Expense (RE) Music Expense Music Expense - Choir Only Music Expense 9:15 service Arts Committee Expense Worship and Music - Other Organ/Piano Maintenance Expense Organ/Piano Maint Exp Reimb (Jackson) (700) Worship Aids/Altar Supplies Expense Worship Licenses Expense 1, Altar Care Expense Total Worship and Music 7,025 6,576 6, Education and Learning: 6521 Sunday School Expense 1, Sunday School Exp Reimb (Dressel) (500) Confirmation/1st Communion Expense 1, Adult Education Expense Adult Education Reimbursement (400) Adult Ed Book Exp

6 VBC Operational Expense 1, VBC Operational Exp Reimb (Dressel) (500) Education and Learning - Other Family Ministries 1, Educ & Learning Exp Other Youth Group Trip Expense Total Education and Learning 4,200 3,406 4, Fellowship: Fellowship Supplies Expense 2, Total Fellowship 2, Stewardship: Stewardship Supplies Expense Offering Envelopes Expense Stewardship Program Expense - CC Fees Other 2, Total Stewardship 2,840 1,756 2, Parish Nurse Ministry: Parish Nurse Expenses Total Parish Nurse Ministry TOTAL PARISH MINISTRIES 17,065 13,568 14, General Expenses Advertising/Publicity Synod Assemblies 1, Insurance: Fire Insurance Expense 15, Call Process Expenses 3, TOTAL GENERAL EXPENSES 20,850 22,711 18, Other Income/Expenses 8010 Other Income/Expenses TOTAL OTHER INCOME/EXPENSES TOTAL EXPENSES 371, , ,772 NET INCOME (LOSS) (12,743) (7,481) (36,799)