Treasurer’s Notes on Operating Budget 2017-2018
The budget that was approved by the congregation in May 2017 assumed an amount of pledged income of $310,000.00. That amount has not been raised to date. Pledges total about $265,000.00 to date. Projected income from rental of space at the Market Street campus has been included in the current budget.
The income amount is $18,000.00 based on rental of 3 rooms @ $500.00 each per month X 12 months; however, the need to address several maintenance issues has delayed implementation of the proposed rental plan. Money was transferred from reserves ($11,650.00) to install air conditioning in the Clover Lane sanctuary in anticipation of deriving increased rental income following this upgrade of facilities.
Money ($8,000.00) has also been transferred from reserves to the operating account to improve the Clover Lane upper parking lot, also in anticipation of attracting additional facilities rental; this project has not yet been completed. Additionally, cash flow has been tighter as a result of a lower prepaid pledge amount for the current year as compared to other years.
There is some offset to expenses resulting from the delay in the rental of rooms at the Market Street campus because the property administrator position has not been filled. Other costs may also be slightly reduced. Although the budget is tight, there continues to be solid support of church programs and good attendance at services.
A fund-raising event to augment the income derived from current pledges will take place during the church year; the timing of this event has not been finalized.
