From the Treasurer
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.
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