Welcome to our church today
It’s great to share with you at church today. Please make yourself known to our staff & ushers if you are visiting so we can warmly welcome you.
A Message for all our Members from our Wardens and Treasurer – Stephen Leitch, Sean Buckley and Paul Hoffmans
On behalf of the Parish Council (PC) we would like to thank everyone for the generous support throughout 2014 to general offertories, to our link missions and other appeals such as Evan Moses’ scholarship & Bishop Isesomo appeal. We would however like to take the time to provide for you a clear picture of our financial situation.
We ended 2014 with expenses exceeding income by about $23,000 which as 7,000 worse than was set in the budget. These figures could have been worse if we had not managed to keep expenses to $16,000 less than budgeted. This was a great achievement given it included unexpected costs of renovating the Assistant Minister’s residence. Our key concern is that offertories were behind budget by about $19,000 and Thanksgiving appeal was $10,000 less than 2013.
Offertories have been fairly constant over the last two years and we are prayerfully requesting that we all contribute to help increase the weekly average so that the full year income covers expenses. To reach our 2015 income target of $6,450 per week we each just need to increase our giving by $2 to $3 per week per member. I think we can do that, what do you think?
We have been running for many years on a budget that has required us to dip into cash reserves to cover our overspend and Parish Council has decided we can’t continue that method as reserves are diminishing. PC over several years have been through every line of the budget and we believe we have made every possible saving. To help with this we have reduced one of the Children’s Ministers, Michael Mak’s position, from 4 days to 3 days per week. There are however some costs that keep climbing like staff pay, repair costs and the like.
Simply put, in 2015 we need more money to run our church, or we will be faced with setting a reduced budget in 2016 and making further cut backs. We are flagging this now because without a positive response from all of us, we will be faced with limited options.
About half of our offertories are now received by electronic deposits and we would like to encourage you to consider this option as a scheduled transaction occurs automatically each week or month. It’s good to be regular in our giving and by giving electronically the Church will receive our giving even if we miss attending a service now and then. Please see one of our wardens or our Treasurer Paul Hoffmans for details on how to arrange this. Weekly envelopes are another recommended method and new boxes of envelopes are now available for our members.
At the same time, we also continue to pay off the loan that covered the major building upgrades to the halls 8 years ago. We are required to make minimum repayments of $4,500 each month and this will continue for several years ahead. Thanks again to those that have lent money on interest free loans to our Building Loan Fund, or continue to contribute to this fund. If you are able to assist in this way without impacting your general offering, we would be greatly appreciative.
If anyone has any questions or thoughts on any of these important matters please see Steve, Sean or Paul.