Budgets and 2008

We are winding down on 2007 and as a reminder, pledged income is a little behind what was projected.  I must be honest that I am one of those that is behind, but I plan to catch up and exceed my 2007 pledge in a couple weeks.  I challenge you to go beyond your 2007 pledge.  If you do not have a Pledge Plan, then review your giving this past year and go a step beyond your past giving.

Reminder:  a contribution by December 31 will increase your Tax Deductions for 2007.

The Council and the Finance Committee have reviewed a draft of the 2008 budget, here are some of the highlights.  From the Financial Stewardship drive the Pledges turned in are up by 23% to $152,449, this offsets non-pledge estimates.  The total projected receipts are expected to be $191,700.  With a projected carry over from 2007 of $25,000 the total projected available funds for 2008 is up by 1% to $216,700. 

The net projected expenses are up by 4.8% to $224,670.  If these numbers hold true we are estimating about an $8,000 shortfall for 2008.  But please remember that the final numbers will not be available until the close of 2007.

What is not in the budget is the amount of funds given over and above for specific activities and missions at Atonement.  Some of these funds support operations that the general fund has not needed to pay for.  Because of your generosity many more things are being accomplished than I can list here. 

For all of your time, talent and extra dollars I want to say thank you.

A financial challenge for 2008 is the Roof Replacement Fund Drive.  As you may have already read in the News letter or announced in Church, the Property Committee is estimating $45,000-$60,000 to replace the roof over the Narthex.  A fund drive to raise these funds has been started but it is an aggressive timeline because the roof should be replaced by fall 2008. 

The main financial challenges for 2008 is to support both the General Fund and the fund drive to maintain our building.  Budget forums are being planned for January.

Bruce Jahnke

Council President

			Approved 2008 Budget				2,008
Description					%		Approved	% change from 2007		Notes
Receipts:
	Regular Envelopes (Pledges received)					$	152,315	22.83%	$28,315	Increase of pledges over 2007
	Estimated Envelopes General Fund						21,425	-48.99%	-$20,575	Decrease of non-pledges from 2007
								4.66%	$7,740	net increase in pledges for 2008 over 2007
	Loose						4,500
	Sunday School						300			decrease of $100 from 2007
			Total estimated giving receipts				178,540	4.47%	$7,640	Net Increased giving estimate for 2008
Receipts Before Facility Sharing
	Shared Facilities (Faith Community Church)						3,000
	Facility Sharing (Outside Users)						3,000
	Kitchen Use (by Pat)						7,200
			Total other receipts				13,200
	Carry over from 2007						35,384	16.53%	$5,019	Carry over from 2007 (Increased giving and unused budget $$$)
Total Available Funds					100.0	$	227,124	5.90%	$12,659	Net increase of available funds for 2008
Disbursements:
	Benevolence				5.0	$	8,927			5% of Giving receipts
	Operating Expenses
		Pastors Compensation at 70% FTE
			Pastor Salary				50,053			Full time for 2008
			Pastor S.S. allowance				3,829
		Defined compensation					53,882
			Pastor Health Ins.				16,434
			Pastor Pension & benefits				6,843
		Total Pastors Compensation			34.0		77,159	55.13%	$27,420	Increase to full time Pastor for 2008
		Office Staff @ 14.06 X 1464 (includes vac & sick leave)					22,168		$435	2.0% increase for 2008 (1/1/08)
		Bookkeeper ($1387/yr)		(Bookkeeper)			1,493		$29	2.0% increase for 2008 (1/1/08)
		Worship Director ($1124/mnth)					14,520		$284	2.0% increase for 2008 (1/1/08)
		Accompanist ($515/mnth to $540)					6,976		$323	5.0% Increase for 2008 (1/1/08)
		Workers Comp Insurance					1,100
		Future Staffing expense					0			future staffing funds that are available
		Staff Compensation			20.4		46,257	2.37%	$1,070	Increase in comparable Staff Compensation for 2008
		Mortgage (Principal + Interest)					29,832			Mortgage refinance in 2006
		Property Assessments					1,600		$600	Street improvements increased over 2007
		Property/Liability Insurance					6,100
		Utilities					16,200		-$2,500	estimated decrease based on 2007 actuals
		Kitchen & Custodial Supplies					500		-$1,000	estimated decrease based on 2007 actuals applied to property committee
		Snowplowing					2,500
		Custodial services (Property)($105/wk)					5,878		$280	5% increase for 2008
		Total Facilities			27.6		62,610	-4.02%	-$2,620	Decrease est. facilities cost for 2008
		Continuing Ed. Pastors					800
		Auto Mileage					1,200		$550	estimated increase based on 2007 usage
		Synod Assembly Registration					500
		Pastors Misc.					500			Moved from committees for 2008
		Software, Tax forms, Cnt.env., Bnk chrg					450		-$1,187	Est decrease from 2007
		Phone, mail, office sup.					4,000		-$1,115	Est decrease from 2007 based on actuals
		Office machine maintenance & rental					4,750
		CCLI License (Copyrights)					463			$5 increase for 2008
		Other Operating Costs			5.6		12,663	-8.96%	-$1,247	Decrease est Other Operating cost 2008
	Committees
		Music					1,000		$100	Est increase for Music & Guest musicians
			Substitute Accompanist				500		$69	Est increase
		Worship					3,730		$1,230	Based on actual, much support by designated giving
			Guest Pastor				500			Broken out in Worship for 2008
		Education					2,000		-$300	Est decrease from 2007
		Property					6,500		$4,500	Increase based on actual usage from 2007 Non Kitchen and non Custodial
		Finance					200		$150	Increase based on actual from 2007
		Council					500		-$500	Decrease from 2007
		Outreach & Congregational Life					800		$300	Increase based on actual from 2007
		Stewardship					1,500		$1,000	Increase based on actual from 2007
		Youth					250			Use Thrivent matching funds
		Total Committee Cost			7.7		17,480	67.98%	$7,074	Net Increase projected for Committees, Note some of this increase includes support  by designated giving
	TOTAL COSTS				99.1		225,096	4.96%	$10,631	Net Increase Total cost For 2008
Balance of funds - over (under) - income					0.9	$	2,028			Unallocated funds