October 2016 Finance Committee News
Chairperson: Barb Beaudoin
Treasurer: Trish Corby
Asst. Treasurer: Sandy Clark
Financial Secretary: Warren Berglund
Asst. Financial Secretary: Denise McCabe, Sue Thompson
Members: Travis Bonnette-Kim, John Conti, Tom Ellsworth, Bill Klindt, Sheila Shedd, Bradley Stevenson
2016 YEAR END December 2016 closed with a $4,985 deficit, which was supported using operating reserves. Operating reserves totaled $13,537 at the beginning of 2016 and continue into the 2017 fiscal year with a balance of $8,552. 2016 expenses came in roughly $18,500 less than the 2016 budget due to savings in the areas of custodial vacancy, oil expense, church programming and pastoral expenses. While final income figures were $5,000 higher than originally planned, total income was $11,726 less than last year largely due to reductions in one-time gifts and pledge payments following the 2015 second-mile fundraising campaign.
2017 OPERATING BUDGET The 2017 expense budget was finalized at the December 14th Ad Board meeting in the amount of $348,761. At the time of this article, estimated pledges for 2017 are $248,412 with projected total income at $340,000. Thank you to all who financially support WUMC! The finance and stewardship committees will continue to explore opportunities to enhance the financial sustainability of the church and help close the expected $8,761 gap.
SAVE THE DATE – CHICKEN BBQ The annual finance committee Chicken BBQ is scheduled for Saturday, June 17th at 6:00pm. Please mark your calendars - we hope that all of you can join us for this special event!
ELECTRONIC GIVING CARDS One way of ensuring consistency in your pledge commitments is to set up automatic bank transfers. The Finance Committee has been working to create an Electronic Giving card that will be located in each pew to welcome those with automatic bank transfer to place the card in the offering plate. We hope to have these available in pews in advance of this year's stewardship campaign! Please contact Barb Beaudoin (email@example.com; 617-780-9330) if you are interested in learning more about electronic giving.