ALL FAITHS UNITARIAN CONGREGATION

2010 Annual Congregational Budget Approval Meeting

Sunday, January 24, 2010

Our congregation held its Annual Finance Meeting on January 24, 2010. Treasurer Robert Nuding appreciated the generosity of our members who have made Pledges to the Capital Fund totaling approximately $175,000, of which $164,000 has been collected to date. We showed positive results in 2009 due to the substantial reductions that were taken to stay within our financial means and a one-time bequest. The final audited report of 2009 Income and Expenses will be given at the Annual General Meeting on March 21.

Finance Chairman Ed Kleinow presented information on the 2009 and 2010 budgets.

The 2009 Budget for expenses was $174,103, while actual expenses were $149,850 due to the reductions taken last spring and sustained throughout the year. The 2009 operating income budgeted amount of $174,103 was higher than the$170,992 income received.  A bequest of $20,164 is included in these income figures, and that has been set aside in a Certificate of Deposit. Without that bequest, our income was $150,828, or $978 more than our expenses. The operating reserve is at approximately $20,000 but will probably be drawn on in January to meet our expenses.

Ed Kleinow presented the policy on utilization of Capital Funds (see separate article).

The proposed 2010 budget reflects changes in several areas. The following are items that  we know will increase over 2009.  The minister’s compensation has been returned to its pre-reduction level. Property and Liability Insurance for our own property will cost more than previously.  We intend to do more advertising to attract new members, thus adding to our financial health with new donors.  Water, sewer and electric utilities will be an added expense, as well as maintenance and various contingencies. As we gain experience at our new home, we will need to revise some of the figures. The motion to approve the proposed 2010 Budget of $179,946 carried unanimously and the meeting was adjourned.