Finance Team – September 2011
Finance-Resource Focused Leadership Team
Highlights –September, 2011 meeting
The total cost of the drainage repair project (including reseeding the area) on the North and West side of the church is approximately $51,000. To help pay for the cost of this necessary repair, the Finance team approved transferring approximately $4300 from dormant restricted accounts and from other sources into the Capital Fund. Including 2011 pledges and recent gifts to the Capital Fund, a total of $38,000 has been raised for the repair as of Sept., 2011. This leaves a deficit of approximately $13,000, which has been taken from our cash reserves. Approximately 55 church members have contributed to the endeavor in 2011. Additional contributions to this completed project will be appreciated.
The Finance Team has approved allocating 80% to the operating budget and 20% to the benevolence budget in 2012 for undesignated member pledges. For the year 2013, the Team will consider directing a portion of the undesignated member pledges to the Capital budget.
