Budget and Finances of the Buckhorn Lake Area Church

In 2023, for the first time in many years, we projected a surplus of $54,000 for the year, largely because we were no longer paying for the services of our retired pastors, Tom and Gayle Burns. We were also hopeful of receiving a significant amount from FEMA. The FEMA money has not come through (yet?), but we did receive $5,000 from the Presbytery of Transylvania to distribute to flood victims. While our local giving dropped off somewhat, many of our donors continued to give as they have done in the past, and despite spending almost $18,000 to mitigate damage from the 2022 flood, we still finished the year with a surplus of $41,250! The budget for 2024 follows.

Thank you. When you see Sue McIntosh, our hard-working treasurer, please thank her!

— Eric Schonblom, Financial Ministry

2024 Budget

Income

Church Offertory	$57,980	|	Benevolences:
Loose offering	1,800	|
FEMA	22,000	|	One Great Hour of Sharing	$550
Gifts from churches	600	|	Pentecost offering	425
Gifts from friends	14,100	|	Peacemaking offering	300
Undesignated memorials	4,100	|	Joy Gift	300
	======	|	Birthday / Hunger	5,185
Offertory Total	100,580	|	Appeals (disasters, Quiet Fund)	900
		|	Building (local donors)	4,350
Special services	300	|	Building (others)	500
Auction	0	|	Special collections	350
Dinners	400	|		=====
Mission store	1,900	|	Designated Giving	12,860
Bake sales, other sales	1,600	|
	=====	|	Interest on Savings	800
Special Activities	4,200	|		=====
		|	TOTAL, ALL INCOME	$118,440

Expenses

Pulpit Supply	$5,250	|	Worship supplies	$550
Furnishings	0	|	Bulletins	50
SS/MC contribution	0	|	Special services	150
Deferred compensation	0	|	Music	150
Major medical / pension	0	|	Organ / pianos	500
Medical set-aside	0	|	Sound system / other	100
Continuing education	0	|		=====
Utilities	3,600	|	Total Worship	1,500
Travel / Other	0	|
	======	|	Outreach	200
Total for pastoral services	8,850	|
		|	Sunday school	600
United mission giving	2,400	|	Youth	100
One Great Hour of Sharing	550	|	Fellowship	500
Pentecost offering	425	|	Nursery	50
Peacemaking offering	300	|	Community activity	100
Joy Gift	300	|	Transportation	100
Flood relief / hunger	5,185	|	Library	50
Per capita assessment	1,750	|	Other	150
Special appeals (disasters...)	300	|		=====
Collections (e.g. Change for Change)	400	|	Total Christian education	1,650
Session disbursements	1,000	|
	=====	|	Office supplies / copies	125
Total benevolences	12,610	|	Treasurer	2,650
		|	Telephone	1,300
Electricity	4,800	|	Wedding coordinator	300
Insurance	7,000	|	Postage, mailings	600
Custodians, salary	2,500	|		=====
Cleaning, supplies	200	|	Total administration	4,975
Trash & water	700	|
Equipment & appliances	1,000	|	KY Sales tax	300
Church maintenance	5,500	|	Other	180
Manse maintenance	20,000	|		====
Pest control / Other	500	|	Total Miscellaneous	480
	=====	|
Total building & grounds	42,200	|
		|	TOTAL EXPENSES	$72,465

TOTAL INCOME - TOTAL EXPENSES = SURPLUS
$118,440 - $72,465 = $45,975

The church projects a budget surplus of forty-six thousand dollars in 2024!
This includes $22,000 from FEMA, which may not be forthcoming.