Plymouth Congregational Church’s Financial Picture
To review a report of Plymouth’s 2022 income and expenses in comparison to budget
and the Preferred and Proposed 2023 Budgets
being presented for congregational consideration, click here.
To see a picture of pledging at Plymouth Church, click here.
and the Preferred and Proposed 2023 Budgets
being presented for congregational consideration, click here.
To see a picture of pledging at Plymouth Church, click here.
Some Questions and Answers
How did we do financially in 2022? Help me understand the 2022 report.
We did remarkably well! At our Feb 2022 Annual Meeting and facing a very tough financial picture we adopted a budget that included two big gaps adding up to a budget shortfall of $115,635. These two gaps were:
If we didn’t draw money from our Undesignated General Reserve Fund to meet our 2022 Operating deficit, what is the $80,568 in Misc Income in the 2022 report?
Plymouth Gives Day generated $77,307 in new income. Income from cashing out credit card rewards points and a few others items are also included as “Misc Income." Where does the 2023 Pledge figure come from?
We ask that all pledges be submitted in writing to assure accuracy in our record keeping. Through January 23, 2023, we received $760,184 in written pledges. We then added amounts from a few regulars who did not respond to our requests, yet continue to give. Stewardship Committee follow-up phone calls resulted in 3 pledgers verbally stating their intention. Adding it all up, we get a “Pledges Received” total of $768,444. Because additional pledges typically come in through the year, $40,000 in “Pledges Expected” is added to this figure. |
How does the PREFERRED Budget option estimate costs?
The Budget and Finance Committee received information from each board and committee on their plans for the year and their estimate of costs. The Committee then compared those “asking” figures to actual expenditures for 2022, and in almost all cases, sought to trim as much as possible to accommodate a very tight budget picture.
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What further reductions are represented in the PROPOSED option?
Why is there no Funeral/Wedding Income in the 2023 Income Budget?
This income line consists of fee payments for Personnel for these special services: Ministers, Music Director, AV Tech, Service Coordinator, Custodian, etc. Fees received are paid out in the same amounts to these personnel, and so this income has no effect on our overall budget. In 2022 we included Funeral/Wedding Income but neglected to include the corresponding Personnel expense. We have corrected that in the 2023 Budget: neither the income nor expense is budgeted; whatever comes in will go out in the same amount as expense. Who do I talk to if I have additional questions?
You may contact Treasurer George Theodore or Assistant Treasurer Judy Barth. |