TRINITY UNITED METHODIST CHURCH, YORK, SC
Finance Meeting Summary
September 30, 2021
The following attended the Finance Committee Meeting on September 28, 2021: Pastor Wanda Altman-Shirah, David Wilson, Margaret Bailey, Debbie Black, Dawn McGarity, Jim Dougherty and Dick Sweigart.
Following an opening prayer, attendees discussed the following financial status items for 2021.
The 2021 Operating Budget is $447,062.00. The 2020 Operating Budget was $423,970.40 which was a significant increase over the 2019 budget which was $347,325.00.
Contributions in 2019 were $346,336.69. Contributions for 2020 were $302,802.48. Contributions for 2021 are $240,012.64 as of September 26, 2021.
Memorials in 2019 were $13,625. Memorials in 2020 were $13,720. Memorials in 2021 are on target to be about the same as the previous two years.
Apportionments in 2021 are $41,066. Apportionments were $41,066 in 2020. Apportionments for 2022 will be $37,345, which is a reduction of $3,721. Remember that apportionments support various mission and administrative projects across our state.
In 2020 our expenses were $297,681. As of September 15,2021, we have paid expenses of $225,005.06. Predicted expenses will be $325,000 if we can hold down some of our budgeted expense items.
We currently have a balance of $103,173.34 in our Reserve Fund. We moved $50,000 from our Reserve Fund to our Capital Improvement Fund to pay for the new sanctuary floor, carpet and pew cleaning. Project cost is expected to be approximately $56,000.
We do not have a mortgage at Trinity.
In 2021 we replaced the carpet in the Toddler Sunday School Room. We replaced an HVAC unit in the Education Building. We did some painting and minor maintenance in the parsonage. Some of these items were paid from our Capital Improvement Fund.
Sunday School attendance has averaged 60 since restarting in 2021. Church attendance has averaged 84 in the past 13 weeks. We have seen improvement since virus vaccinations have increased.
The proposed 2022 budget is $409,653.00. I would like to have Administrative Council approval prior to Charge Conference on November 16, 2021.
Dick Sweigart reminded everyone to thank members of the Church Family for their financial support at every opportunity . Hopefully contributions will increase later in 2021. Pray for our Church family and all God's children.
If there are questions about this report or there is a need for additional information,
contact Dick Sweigart at 803-627-4860 or Sweigart.Richard@yahoo.com.