2012 budget projection pp church council 9 11 2012
TRANSCRIPT
September 11, 2012
Financial Advisory Committee: Rhoda Lehrke, Don Pedersen, Dave Hedtke, Gerald Schmidt, Pastor Shoup, Pastor Palmer, Frank Wegner
January 1, 2012 163,000
This is above the $65,000 escrow loan we begin 2012 (Bonduel State Bank)
2012 Potential Shortfall
As of August 31, we are up 6.1% over 2011 ($30,000)
We have an additional Sunday in 2012
($10,000)
Weekly Offerings
Education fee increase for 2012/2013 school year -from $500 to $575
Brings in about $5,000 in additional income.
Tuition and Fees
SCRIP - Projected Church General Fund receipts for 2012 from SCRIP – We just revised this amount from $20,000 to $10,000 based on current SCRIP receipts from this program. ($10,000)
Other Income ($3,000)
Other Income
Plant Operations - utilities and maintenance
($5,000)
No Operating Debt reduction - $5000 was budgeted.
($5,000)
Delay purchase of science textbooks
($10,000)
Cut Before School portion of Before/After School Program
($1,000)
Expense Adjustment Savings
$84,000
Current 2012 Projected Deficit
Current Escrow (Bonduel State Bank)
August 31, 2012 $122,000
Current Internal Borrowing $20,000
General Fund Operating Debt $142,000
Current Escrow Limit $150,000
Is okay with raising Escrow to $175,000
No closing costs
Interest to remain at 6.85%
If more is needed, a separate 90 day loan can be sought by the congregation.
Bonduel State Bank July 24, 2012
Salary Guidelines for 2012
Original Salary Table (Prior to 2010)