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Financial Report February 2009 2009 Budget In the fall of 2008,the congregation passed a budget for fiscal year 2009 totaling $654,900. The graph depicts the relative budget totals for each of the commissions. It is quickly apparent that PMP Commission represents the largest expense in our budget (58%). If we add the budgets for Witness and Property Commissions, we have accounted for 88% of our total budget. The majority of the expenses in these three commission budgets is either fixed by contract (personnel), by necessity (building maintenance, insurance, and utilities), or by our commitment to our local and global outreach. Financial Update The chart tracks three numbers: 1) Cumulative budget -the approved budget, cumulatively by month; 2) Actual / Projected Contributions -For completed months, the contribution number is the amount actually received in those months; the remaining months are projected based upon the congregation's giving history; 3) Actual / Projected Expenses -For completed months, the actual expenses from all budget lines, the remaining months are projections of critical expenses from PMP, Property, and Witness that are considered fixed by contract or commitment. In a Nutshell: To be financially responsible, the red line (contributions) should be between the green line (critical expenses) and the blueline (budgeted expenses). If it is below the green line, contributions will need to be increased or critical expenses (staff, building maintenance, outreach) will need to be reduced. |
