2016 Financials and 2017 Budget

The Finance Committee is responsible for the stewardship of our church’s financial resources. Each year, we plan a budget based on last year’s needs and our leadership’s expectations for the coming year. The full, detailed budget report is available on our Resources page; this is a summary.

INCOME

2016 Budget

2016 Actual

2017 Budget

Offering $433,972 $415,938 $447,200
Sunday School $400 $1,016 $500
Rental $39,400 $17,498 $44,000
Other $15,105 $15,390 $15,600
BUDGETED INCOME $488,877 $449,842 $507,300
Designated Giving $62,337
Building Project $81,653
UNBUDGETED INCOME $143,990

EXPENSES

2016 Budget

2016 Actual

2017 Budget

Staff $245,451 $244,258 $259,435
Office $23,475 $19,945 $23,835
Trustees $116,326 $113,198 $99,130
Mortgage $25,370 $25,643 $25,370
Worship $6,425 $6,165 $6,055
Education, Youth & Kids $18,050 $11,966 $16,970
Welcome, Outreach & Missions $8,100 $9,113 $8,545
Apportionments $64,680 $64,680 $67,960
BUDGETED EXPENSES $507,877 $494,968 $507,300

 

NOTES

  • Staff and building expenses are the biggest part of our budget, but are in support of our ministries. Look at worship, education, and welcome/outreach/missions to see our real priorities.
  • Our 2016 income was $39,035 lower than we anticipated. Part of this was due to lower general giving, and part due to unpaid rent. We have hired a property manager to better oversee the rental houses. All three houses have new tenants.
  • We still have a cushion in our bank account, but we need to generate more general income in 2017 to avoid another negative year.
  • However… our actual 2016 giving was higher due to your generosity toward specific causes. As shown above, in 2016 you gave generously to the building fund and designated missions and projects. Thank you! These unbudgeted funds are not available for the general operation of the church.
  • We paid 100% of our apportionments in 2016. This is mission giving that supports the church’s work regionally and globally.
  • Our mortgage is now paid down to $196,000—the lowest level since at least 2002. We pay about $1,100/month in principal.
  • The balance in our Wisconsin United Methodist Foundation accounts totals $88,059. This money is invested to support certain specific causes and is generally dispersed a little at a time.

The 2017 stewardship campaign will be held in conjunction with our capital campaign this spring. Thanks for your generosity!

– Matt Gobel, finance chair