The Vestry Finance Committee is pleased to provide this financial update for the period of April 1, 2019 – June 30, 2019. In general, St. James continues to be in a good financial position, and our actual income and expenditures are in line with the 2019 Budget.
1. The Other Income and Worship, Ministry, Outreach lines look over budget. $63,000 of this is explained by two “pass-throughs” for the Pauli Murray Scholarship and for Welcome Table. These monies show positively in the Other Income line and negatively in the Worship, Ministry, Outreach line. Nothing to worry about here, but it does make our numbers look “off”.
2. The Operations budget looks over budget as well. This too is explainable. The Vestry decided to spend some of our savings on deferred maintenance (as below). We have also been doing maintenance for the school from monies that we didn’t spend last year.
Another item of note, your Vestry has spent some of our savings on a number of maintenance projects, including:
- Resurfacing and restriping the parking lot
- Rebuilding enclosures for air-conditioning units and dumpsters
- Painting the exterior of the church
- Painting the interior of Founders Hall and the orange building
- Doing preventative roofing work
- Limiting access to back driveway to prevent dumping
Looking ahead, the Vestry Finance Committee will soon begin the process of creating the church budget for 2020. In conjunction with this process, Rev. Eileen will host convenings for leaders of our ministries so that they can collectively discern how these ministries are being called to serve our community in the future.
If you are giving financially, but have not pledged for 2019, it is not too late. By pledging, you help us know what to expect as we plan for ending the year in good stead.
Thank you for your generous support of the mission of St. James’.
