Page 15 - First Churches 2019-20Annual Report.docx

Moving forward, our team will be absorbed into the AMB and all other aspects of the church, infusing our guiding principles into all of this work. The Strategic Futures Team will meet less often now. Adaptation and to a changing landscape is key.
Presentation of Annual Budget - Sue Stone & Peg Whitham
There was uncertainty at the outset of developing this budget. It was put together conservatively and then the pledge campaign exceeded expectations.
The only changes based on the pledge campaign: summer is virtual and things are uncertain: loose offering is moved down to a lower amount due to lack of visits. Room use is down as well, and that was moved down. The snow and lawn maintenance budget was too low, so the meeting house committee is looking at how to alleviate this problem.
Budget deficits have been shortened due to the Strategic Futures Team work.
JS suggests a 3% increase in staff salaries because of our increased budget. Personnel can look at this suggestion. Personnel can do a comparison of salaries of other local parishes in order to assess increases.
There will be another meeting like this one in September.
The endowment: at end of May, $2,210,600. At the end of November we were at 2,350,000, Total endowment dropped by 800,000. It has been climbing slowly as the economy rebounds. The food pantry rental is currently at 400 per month. We could potentially see a loss of 20,000 in room use this year depending on how things progress.
Motion to accept the proposed budget: David Entin, seconded by Marcia: unanimously accepted. Budget has passed. Thank you so much to the finance team!
Election of new Administrative Ministry Board and Officers: (David Entin) David Entin, MJ Adams, Peg Whitham, Donna O’Meally were on the nominating team. https://docs.google.com/spreadsheets/d/1F7G9Lv1WJyUIEFbKhLj6nwWcdoUl3m8YZvTiN NC2z7M/edit?usp=sharing
Votes on AMB: twelve names on board approved: David moves to accept: Peg seconds: unanimously accepted,
Votes on AMB officers to be approved: David moves to approve: seconded by Marcia: unanimously approved.
Next year there will be a new bylaw team to update the structure.
Stepping off the AMB: Donna O’Meally, treasurer, continuing as assistant treasurer; Peg Whitham, stepping off AMB, continuing as Financial Secretary; Julia Khan, needs to step down a year early due to professional obligations.
Other Announcements:
Team forming to update the First Churches Common Bylaws (MJ Adams)
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