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.
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 firstname.lastname@example.org – 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.