Page 33 - Final Annual Report 2020

PILGRIM CHURCH
2019 ANNUAL MEETING MINUTES
February 2, 2020

CALL TO ORDER (Andy Meyer):
• Moderator Andy Meyer called the 2020 Annual Meeting to order at about 10:45 a.m.

OPENING PRAYER (Pastor John Hudson):
• (The benediction for worship served as the Opening Prayer.)

APPROVAL OF THE MINUTES:
Motion: A motion was made to accept the minutes of the February 3, 2019 Annual Meeting as
written.
It was seconded.
Vote: The motion passed unanimously.
• It was noted that in the final version of the Annual Report the Property Trustees Report was
inserted into the middle of the 2019 Annual Meeting minutes.

TREASURER’S REPORT (Bart Morse, Treasurer):
• This year we welcomed Shelley Mueller as Assistant Treasurer, who is doing a fine job. Bart
expressed thanks to all who helped during the interim before Shelley came on board: Cindy
Maguire, Bob McBride, Lois Alexander, Eve Smith and Janet Walsh, among others.
• For the 2019 fiscal year, Total Revenue exceeded Total Expenses by $14,512.
• Pledges received were $448,000 vs. a $466,000 Budget and $468,000 last year, but other
income categories as a whole exceeded budget (especially unpledged income and CD interest).
Because of this, we didn’t have to use the $10,000 reserve for unpaid pledges.
• As has been our experience over the last few years, the staff exercised good overall expense
control and we ended the year with total expenses under budget by $6,000.

Motion: A motion was made to accept the Treasurer’s Report for the year 2019 as presented in the
Annual Report.
It was seconded.
A few questions were asked and answered.
Vote: The motion passed unanimously.

• For 2020, the pledge drive yielded pledges of $444,000, down $22,000 from last year’s
original pledges. Other income brought the Total Revenue to $480,500.
• The projected revenue was not enough to cover the requested expense budget, which
included some large, unavoidable expense increases (building insurance, medical insurance,
church building).
• So, Parish Board worked to create some balance:
o A 2% salary increase for the staff was eliminated. (This is after a 2% increase last year
and no increase the year before).
o The staff reduced controllable expenses by 10% vs the originally requested budget.
o We again reduced the Property Maintenance Fund contribution to zero.
o The Budget does not include a reserve for unpaid pledges, based on the fact that we
haven’t had to use it in the past two years.
o The 2020 Budget shows a deficit of about $10,000, which is basically using $10,000 of
2019’s surplus of $14,512.

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