Q1 CHURCH BUDGET UPDATE
Hi Church Family,
This is the first of what will become quarterly updates from the stewardship team regarding our church’s giving and spending update. Each quarter it is my intent to show where we’re at on the year and compare that to our budget. Then I am projecting forward our current run rate to show what we’re on pace for in 2024 (ex. Full year projection is just Q1 multiplied by 4).
Our goal in producing more frequent updates is so that you can stay up to date and ask any questions you may have regarding our spending or budgets. Please don’t hesitate to reach out to me if you have questions or concerns. Thank you!
Overall, spending in each category is in line with budget for the first three months of 2024. We have spent less on facilities and pastors/staff, but both of those were expected at this time. We will typically be under on facilities until we run into something larger that we need to spend money on in order to maintain our property. As for the pastors/staff, remember, we budgeted adding another part-time admin person or pastor when we called the church to give $210k. With Cara coming on board in May we can expect that the spending will be more in line with budget until Pam drops off mid summer and then we’ll be under budget in this category again, barring any further staff changes.
Again, don’t hesitate to reach out if you have any questions. Thank you!
This is the first of what will become quarterly updates from the stewardship team regarding our church’s giving and spending update. Each quarter it is my intent to show where we’re at on the year and compare that to our budget. Then I am projecting forward our current run rate to show what we’re on pace for in 2024 (ex. Full year projection is just Q1 multiplied by 4).
Our goal in producing more frequent updates is so that you can stay up to date and ask any questions you may have regarding our spending or budgets. Please don’t hesitate to reach out to me if you have questions or concerns. Thank you!
Overall, spending in each category is in line with budget for the first three months of 2024. We have spent less on facilities and pastors/staff, but both of those were expected at this time. We will typically be under on facilities until we run into something larger that we need to spend money on in order to maintain our property. As for the pastors/staff, remember, we budgeted adding another part-time admin person or pastor when we called the church to give $210k. With Cara coming on board in May we can expect that the spending will be more in line with budget until Pam drops off mid summer and then we’ll be under budget in this category again, barring any further staff changes.
Again, don’t hesitate to reach out if you have any questions. Thank you!