 Hello All Saints, Happy Thanksgiving! Please find the October 2020 financial summary below. Thank you for your continued support of the church. Pledges for October were $11,388 versus the budgeted amount of $18,333. Ministry expenses, at $2,814, were less than the budgeted amount of $4,052 due to not incurring music scholarship and flower expenses. Minister expenses at $13,754, were less than the budgeted amount of $16,507 due to payroll timing and not incurring musician and nursery attendant expenses. Facility costs came in at $4,371 compared to the budgeted amount of $3,248 due to costs to repair the heating system. Operation costs came in at $1,043, compared to the budgeted amount of $1,569 due to lower than planned telephone/internet expenses and office/maintenance supplies savings. Peace, Alicia Bayambang   Hello All Saints, Many thanks to our Veterans! Please find the September 2020 financial summary below. October results are in review by Church Leadership and are stable. Thank you for your continued support of the church. Pledges for September were $16,143 versus the budgeted amount of $18,333. Ministry expenses, at $2,383, were less than the budgeted amount of $3,657 due to not incurring music scholarship and flower expenses. Minister expenses at $13,238, were less than the budgeted amount of $16,507 due to payroll timing and not incurring musician expenses. Facility costs came in at $1,686 compared to the budgeted amount of $3,058 due to seasonal savings on utilities expenses. Operation costs came in at $851, compared to the budgeted amount of $1,119 due to lower than planned telephone/internet expenses and credits from the previous provider. Peace, Alicia Bayambang   Greetings All Saints family, Please find the July financial reports below. A few large pledges were received the last week of July which resulted in a surplus for the month. Thank you for your continued support of the church. Pledges for July were $20,053 versus the budgeted amount of $18,333. Ministry expenses, at $2,500, were less than the budgeted amount of $2,893 due to not incurring flower and altar supplies expenses. Minister expenses, at $17,417, were higher than the budgeted amount of $16,240 due to payroll timing. Payroll occurs 26 times per year which causes three paychecks to occur two times per year. Payroll occurred on July 1st, 15th, and 29th. Facility costs came in at $537 compared to the budgeted amount of $3,308 due to lower than planned costs associated with boiler maintenance and less than average utilities costs from lower gas usage in the summer. The utility and boiler costs are typically seasonal. Operation costs came in at $757, compared to the budgeted amount of $1,119 due to lower than planned maintenance and office expenses. All Saints ended the month with a surplus of +$6,892. YTD All Saints now has a slight surplus of +$3,455. We estimated the deficit would be ($21,928) so we continue to outperform expectations. Peace, Alicia Bayambang   Hello friends ~ Beginning in June, All Saints began to see the negative financial impacts of current events. Due to a strong cash position we are able to meet our current financial needs but we are seeing a drop in giving in June that has also carried over to July. We are planning to send semi-annual pledge reports out in the next few weeks. Please find the June financial reports below. As previously reported, All Saints did receive $30,670 in assistance from the CARES ACT Paycheck Protection Program so we continue to keep our Rector, Youth Minister, Secretary, and both Sextons employed with the same rates and hours they earned prior to March 2020. Pledges for June were $10,878 versus the budgeted amount of $18,333 or (41%) less than planned. Ministry expenses, at $3,300, were less than the budgeted amount of $3,868 due to incurring less LU scholarship payments than planned for in the budget. Minister expenses at $13,083, were less than the budgeted amount of $15,840 due to the reduced need for our musician and nursery teams and timing of pay periods. Please know that our Rector, Youth Minister, Parish Secretary, and two Sextons are still receiving their full pay. Facility costs came in at $3,626 compared to the budgeted amount of $6,258 due to lower than planned costs associated with boiler maintenance and less than average utilities costs from lower gas usage in the spring. The utility and boiler costs are typically seasonal. Operation costs came in at $1,621, compared to the budgeted amount of $1,198, causing an unfavorable variance due to ordering maintenance supplies. The last maintenance supply order was in March 2020. The decrease in giving caused a ($10,075) deficit (more outgoing cash for bills, payroll, and expenses than income cash from giving). YTD All Saints now has a deficit of ($3,437). We estimated the deficit to be ($25,822) so we are still outperforming expectations. Peace, Alicia Bayambang   Hello All Saints family, All Saints continued to thrive during May. We met our financial needs despite the 'safer at home' situation. June preliminary numbers indicate the usual summer delay in giving has not skipped 2020 and I expect to report a deficit for June. Please find the May financial results below. There is a ($38,864.11) figure on the May Bequest Income line. That is a result of the Vestry voting to allocate the Bequest received in March toward a capital project for the Bell Tower. Therefore, it can no longer be reported as income. Pledges for May are $19,818 versus the budgeted amount of $18,333. YTD Pledges are $19,428 over budget. Ministry expenses, at $2,497, are less than the budgeted amount of $4,082 due to not incurring choir scholarship payments and Altar flower expenses. Minister expenses at $13,754, are less than the budgeted amount of $16,507 due to the reduced need for our musician and nursery teams and timing of pay periods. Please know that our Rector, Youth Minister, Parish Secretary, and two Sextons are still receiving their full pay. Facility costs came in at $1,739 compared to the budgeted amount of $3,058, due to lower than planned costs associated with boiler maintenance; boiler costs are typically seasonal. Operation costs came in at $856, compared to the budgeted amount of $1,198, causing a favorable variance due to lower than planned maintenance and office expenses. Peace, Alicia Bayambang   Hello fellow parishioners,
Great news ~ Pledges are slightly over budget for January (Thank you for your contributions!!) and the market recovered since December so the endowment balance has increased due to unrealized gains. I have been very busy getting up to speed on the details of All Saints’ Finances. I appreciate everyone’s kindness and patience with my questions as I learn the role. Please find above the January 2019 Income and Expense Summary. The January budget is 1/12 of the 2019 total budget and as you know income and expenses do not occur in a straight line fashion. We incurred a ($10,427.78) loss for January primarily due to not yet pulling the 5% planned disbursements from the endowments, resulting in lower income of ($3,989.17) and building maintenance exceeding 1/12th of the budget by ($6,033.78) due to boiler work ($6457.78) and gutter repairs ($996). I believe the boiler work is semi-annual so we will get caught up by mid-year. We continue to have enough leftover cash from 2018 to cover the deficit and will work out a plan for taking the budgeted endowment distributions over the next few months. A question I have heard many times at All Saints is: what can I do to help? Here are a few easy suggestions on items that require minimal time but will have a big impact: 1. Buy Scrip cards! – You can either buy cards online or from Suzanne Fischer. By setting up Presto-Pay on https://www.shopwithscrip.com/ the payment is pulled directly from your checking account and you do not have to worry about remembering to pay Suzanne. Suzanne and I are both available to help you set up an online account. 2. Submit cost savings ideas to [email protected] – a small idea can have a big impact. A few ideas we’ve already started working on are to use volunteers for lawn care, rebid our sidewalk snow removal vendor, have potlucks at church events instead of catered dinners, review the telephone and internet expenses, increase credit card bill payment to earn more 1.5% rewards, review energy costs, and many more. What ideas do you have to help us save? 3. Volunteer to organize or assist with fundraising events like the Epiphany Dinner, Valentine Bake Sale, and Lambeau Concessions help – All Saints earned over $1000 from these small but easy activities. I hear a leprechaun calling for a St. Paddy’s Day event.. Thank you for placing your trust in me. I am committed to helping All Saints have a sustainable financial future for years to come. |