Page 14 - sample SMLC flipbook

council & finances

Council highlights St. Mark’s monthly financial recap for January 2020

February 9, 2020
Monthly Information
The Council voted to approve the Monthly Budget Goal $ 82,398.83
appointment of Chad Gooch as Monthly Offering information
Council Secretary, and Carol Fick Envelopes – General Fund $ 59.996.20
and Teresa Thompson to the Child CDC Rent/Administration $ 1,475.00
Development Center Board. Miscellaneous $ (67.00)

The Property Team is securing quotes Other (loose, Sunday School, interest) $ 525.65
for a new chiller, tuck pointing, inner Total General Fund Income $ 61,929.85
courtyard grading, and the repaving of Monthly Surplus (Shortfall) $ (20,468.98)
the parking lot.
Summary General Fund Information as of 1/31/2020
Thank you to Marcia Broucek for all Annual Budget $ 988,786.00
her hard work on the Annual Report Percent of Year Completed 8%
and to Jenn Henderson for creating Offerings/Commitments/Other Income received year to date $ 61,929.85
the Year in Review video.
Actual Expenses year to date $ 64,440.94
Vacation Bible School theme for this Actual Expense Surplus (Shortfall) year to date $ (2,511.09)
summer is “On Earth as In Heaven,” Budget Surplus (Shortfall) year to date $ (20,468.98)
an ELCA curriculum focusing on the
Lord’s Prayer. Additional Mortgage Payments as of 1/31/2020
Giving to Additional Mortgage Payments $ 16,821.50
The RIC Team is working on meeting
with small groups in the church. Payments applied to 2nd Loan $ 3,936.62
Additional Mortgage Payments Balance $ 12,884.88
May 8 is the Fundraising Gala for
The Neighbor Project. The theme is Debt Balances as of 1/31/2020
“Empower.” Principal Remaining on Church Building $1,404,827.31
Principal Remaining on CDC (payments from CDC operating income) $ 479,233.84
The Stewardship Team is working on
an electronic Time and Talent Survey. General Fund owes Special Fund $ 40,000.00

2020 budget update Category 2020(18-Jan) 2020(11-Jan)

Prior to the Annual Meeting, a proposed budget Outreach $45,800 $45,800
dated 11-Jan-2020 was mailed out to every Building/Site $369,511 $369,511
congregational household. At the Budget Forum
meeting on January 19th, and then again at the Care/Nurture $7,900 $7,900
Annual Meeting on January 26th, an updated budget Worship $13,596 $13,596
was presented, and this budget was approved at the Stewardship $3,950 $3,950
Annual Meeting.
Office $29,800 $29,800
The comparison that follows indicates only the Executive $1,500 $1,500
changes in major categories. Requests for the Personnel $104,026 $98,946
expanded budget may be submitted to the office, Misc Employee Compensation $26,805 $26,805
pastors, any Council member or Don Friend.
Payroll $385,898 $379,355
—Don Friend, Treasurer Total Expenses $988,786 $977,163

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