Tuesday, April 27 2021
St. John’s | San Juan Episcopal Church
April 27, 2021
The regular monthly meeting of the Finance Committee was held on April 20, 2021. Joining me were members Andrew Bird, Fawn Hacker, R.C. Laird, Christian MacMillan, and Lou MacMillan. We reviewed our current financial condition and a proposed plan to address our operating deficit and generate
Our Current Financial Condition
Our Budget Report for March 2021 may be found by clicking here. As of March 31, 2021, we are projecting a budget deficit of -$204,037 for this year. This deficit will be reduced by $10,000 upon our receipt of a check (which is literally in the mail) from Bessemer Trust representing an unrestricted bequest from the Peter Overton Living Trust, and it may also be reduced to the extent we have over-budgeted for parish health work in 2021.
Income from Pledges year-to-date is over budget by $7,780 (13.7%).
We have two additional sources of funds for operating expenses:
A proposed “Plan to Address the Deficit and Increase Revenue June through December 2021” was approved by the Vestry at its meeting on April 22, 2021. We look forward to sharing this plan with the entire congregation in a series of Zoom meetings in early June. Dates and times for these meetings will be announced soon.
Capital Campaign Update
As of April 25, 2021, we have received 38 pledges and raised $825,315 in gifts and pledges for Sing to the Lord a New Song, our capital campaign for St. John’s | San Juan. Thank you to everyone who has contributed so far!
We are currently in the midst of the Congregational Phase of the campaign, in which e invite everyone to thoughtfully and prayerfully consider the importance of our church in their lives and challenge themselves to make gifts that go beyond the usual limits of their giving. This phase will continue until we celebrate the conclusion of the campaign on Pentecost, May 23. If you have not yet received a pledge packet or would like additional packets to share with family and friends, please contact me at email@example.com.
As always, I welcome your comments and questions about our financial condition and capital campaign.