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Budget and Finances of the Buckhorn Lake Area Church

We projected a deficit of just over $21,000 in 2016. Our expenses, like yours and everyone else's, were expected to grow, while our income was expected to decline. That staggering deficit did not materialize. Despite the fact that for the first time in many years we had no significant support from other churches, we did have large contributions from two outside donors and we had an unusually successful auction. As a result, our income was $17,000 more than anticipated, and the eventual deficit was $3,358. That wasn't good, but it was far, far better than expected.

In 2015 we were able to pare our expenses by reducing some expenses and deferring others. We were not able to do so in 2016. Maintenance, particularly on the heat pumps in the community building, could not be delayed, and our expenses were exactly what we anticipated: no savings, alas, but no excess, either.

The Join Hands campaign is officially over, and funds in the Join Hands account were transferred to the operating account. This is a matter of moving money from one pocket to another and does not represent either a loss or a gain.

Our congregation pays $36.63 per member for the privilege of belonging to the Presbyterian Church (USA), an increase of 42 cents. This so-called per capita assessment is paid whether you donate or not.

The budget for 2017 follows. Once again, it looks unpromising. But God manages what humans find impossible. How might God bring our budget into balance? The answers are the same as they were a year ago. Thank you. Should you see Sue McIntosh, our volunteer treasurer, please thank her!
—Eric Schonblom, Finance Committee Chair

2017 Budget

Income

Church Offertory$49,530 | Benevolences:
Loose offering2,500 |
Sunday schools250 | One Great Hour of Sharing$625
Gifts from churches500 | Pentecost offering500
Gifts from friends9,000 | Peacemaking offering325
Undesignated memorials4,000 | Joy Gift400
====== | Birthday / Hunger400
Offertory Total65,780 | Appeals (disasters, Quiet Fund)850
| Building (local donors)3,500
Special services1,000 | Building (others)500
Auction5,000 | Special collections300
Dinners1,000 | =====
Mission store2,700 | Designated Giving7,400
Books, other sales3,000 |
===== | Interest on savings1,000
Special Activities12,700 |
| TOTAL, ALL INCOME$86,880

Expenses

Pastors' salary$24,840 | Worship supplies$1,000
Furnishings12,276 | Bulletins100
SS/MC contribution3,618 | Special services250
Deferred compensation6,276 | Music / choir225
Major medical / pension17,628 | Organ / pianos400
Medical set-aside1,260 | Sound system / other50
Continuing education1,918 | =====
Utilities3,300 | Total Worship2,025
Travel / Other 1,700 |
====== | Outreach100
Total for pastoral services72,816 |
| Sunday school1,000
United mission giving2,400 | Youth300
One Great Hour of Sharing650 | Fellowship400
Pentecost offering675 | Nursery50
Peacemaking offering300 | Vacation Bible school400
Joy Gift400 | Transportation100
Birthday / hunger415 | Library50
Per capita assessment2,125 | Other200
Special appeals (disasters...) 850 | =====
Collections (e.g. Change for Change)250 | Total Christian education2,500
Session disbursements150 |
===== | Office supplies / copies200
Total benevolences8,215 | Pulpit supply165
| Telephone500
Electricity4,000 | Wedding coordinator400
Insurance7,500 | Postage, mailings250
Custodians, salary3,000 | =====
Cleaning, supplies340 | Total administration1,515
Trash & water850 |
Equipment & appliances300 | KY Sales tax450
Church maintenance1,000 | Other120
Manse maintenance1,500 | ====
Pest control / Other700 | Total Miscellaneous570
===== |
Total building & grounds19,190 |
| TOTAL EXPENSES$108,331

TOTAL INCOME - TOTAL EXPENSES = SURPLUS
$86,880 - $108,331 = -$21,451.

The church projects a budget deficit of over twenty-one thousand dollars in 2017!
Since certain budgeted expenses are there only if needed, the actual deficit ought to be a bit smaller.