Cindy and Diane continue to be co-treasurers, observing a financially sound practice to have two people managing the books and cash for the church. The treasurers’ job in 2022 was a combination of paying bills, managing payroll, producing financial reports for the Finance Committee and Council, recording all deposits made by the Financial Secretary, reconciling our accounts with the bank, and keeping the check register up to date.
Last year (2021) we didn’t have to transfer money from our endowment to meet all our financial commitments. Again, in 2022 we did not need to ask the trustees to transfer money from the endowment that was budgeted ($14,875.80) because the Paycheck Protection Program grant infusion from the previous year, along with your generosity, carried us through 4,130.20. the year. All bills are current and paid. We met all our responsibilities in 2022.
In order to manage cash flow for this upcoming year the line item for a transfer from the endowment will remain. Diane and Cindy will be able to request a transfer of funds without having to go to the congregation for a special meeting. If we don’t need the cash, we won’t conduct a transfer.
Over the last two years compared to previous years, we reduced the budgeted amount for Rent and Fundraising due to the Pandemic. Actual Rent for 2022 surpassed our budgeted amount but Fundraising did not bring in the income we budgeted. Pledge amount for 2022 also surpassed the budgeted amount. The 2023 Pledge drive produced an increase of $2,368 over last year’s Pledge drive. Thus, we increased the Pledge budgeted amount from $140,000 to $142,000 for 2023.
The following Expense categories finished under budget in 2022: C.E. Expenses (1,080.25); Deacon Expenses (3,536.40); Outreach Expenses (664.67); Parish Administration Expenses (154.08); and Finance Expenses (203.87). Pastoral Expenses ($163.57) and Building Expenses ($1,345.5) went over budget for 2022. Total expenses for 2022 were under budget ($4,130.20).
We wish to conclude this report with what we call the treasurer’s mantra: “Your financial support of the church is admirable. Please keep those pledge commitments coming in on a regular basis. Having a clean, sufficient cash flow makes this job doable and keeps our church on a sound financial footing. Thank you all!”
Cindy Senning, Co-Treasurer
Diane Leavitt, Co-Treasurer