1. Finance Update and Budget Discussion May 2017

2. Summary of Finances through April 30
Offerings totaled $2,610,543.
Budget was $2,614,277.
Offerings have increased 1.7% over last year
Expenses totaled $2,393,780 and were 8% under budget, primarily due to decreased personnel costs from open positions (Children’s & Student Ministers)
Current year surplus through April 30 is $216,000.

3. Budget Process
February 2017: Preliminary budget discussed with Church Council
February-April 2017: Detailed budget developed by church staff
April 2017:
Detailed budget reviewed and approved by Church Treasurer
Final budget reviewed and approved by the Church Council in April 2017.

4. 2017-2018 Budget FY 2017/2018 Budget FY 2016/2017 Budget % Change
Personnel
$1,801,000
$1,535,383
17%
Debt
684,600
692,000
-1%
Facilities
417,419
370,062
13%
Missions
215,596
220,654
-2%
Ministry & Worship
155,937
139,898
11%
Administrative
146,996
151,606
-3%
Total
$3,421,548
$3,109,603