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Proposed 2010 Budget

Proposed 2010 Budget. Ss. Peter & Paul Orthodox Church. Why a Budget, Now?. Past financial management has been minimal, short-term & w/o vision: deposit offerings, pay the bills, balance the checkbook, repeat Need to look past next week; Mission, vision & goals

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Proposed 2010 Budget

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  1. Proposed 2010 Budget Ss. Peter & Paul Orthodox Church

  2. Why a Budget, Now? • Past financial management has been minimal, short-term & w/o vision: deposit offerings, pay the bills, balance the checkbook, repeat • Need to look past next week; • Mission, vision & goals • Reach beyond our insular community of believers • It’s not just about “us”. • Objective assessment of financial obligations, income capacity • Spend what we have vs raise what we need • Budget is a first cut at where we are & where we can go • Start w/ core items • Very few items are “fixed” • Many are extrapolated from past data • A basis for reviewing progress • Quarterly review & update, not immutable

  3. What’s Not in the Budget • Cookbook: Memorial Fund-restricted expenditures • Sisterhood: Functions independently with its own fundraisers (bake sales, pierogies) • Sunday School/Youth Group: Dedicated fundraisers, Yolka? • Self-sustaining or pass-through activities: • Scholarship • Cemetery • Flowers • Restricted Expenditures: • Requiem Service Fund • Endowment Fund • Memorial Fund • Rectory Fund

  4. Proposed Core Expenses

  5. Personnel Costs

  6. Other Expenses (1)

  7. Other Expenses (2)

  8. Other Expenses (3)

  9. Proposed Core Income

  10. Offering Details

  11. Other Income

  12. Summary Proposed Core Income: $ 79,625 Proposed Expenses: $ (78,286) Net Core: $ 1,339 Less Charity (FOS, etc.): $ (1,300) Net Whole: $ 39 • Required Income from Offering Envelopes: • $60,000/year • $600/year/parishioner on average • Recent annual $15,000/year shortfall: • $150/year/parishioner • $3/week/parishioner • Utica O-D: $5/week • Mickey-D: McMuffin, Hash Browns, Med Coffee = $3

  13. Parish Goals (Vision) • Businesses are focused on the “bottom line” • Stockholders interest • Profit/loss sheet • While staying fiscally responsible, we should have a different focus: • Does mission drive the budget, or budget drive the mission? • Sunday Liturgy & private confession, alone? OR is there more to being an Orthodox Christian? • Spread the Gospel • Feed the hungry • Clothe the naked • Look after the sick…

  14. What About Charity? • Should our parish, as a singular entity, pledge to pursue/fund a greater mission? • Active commitment beyond FOS? • OCA appeals • Ad-hoc appeals, e.g., Haitian Relief • Local charitable service • Church growth is spiritual as well as demographic; the former can drive the latter • We need $80,000 to meet basic budget needs • What could we do with $100,000? • Other fund-raising, increased tithing would be required • “With God, all things are possible.”

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