Financial Update


Finance Committee Update  

August 25, 2020


Let us all take time to thank Pastor Nellie, Sara, TJ, and Alice for taking care of our Church Family during this virus pandemic.  Life has not been business as usual.  Recorded church services have been provided weekly, church business has continued uninterrupted,  and virtual vacation bible school was provided over the summer.  Be thoughtful as we prepare to restart church services again.  There are some that are desperate to have Christian fellowship and worship service again at Trinity, and there are others who want to be more cautious  until a vaccine is available.  Pray to God for his help and mercy.     


Following are some updates about our financial status you might find interesting:


  • The 2020 Operating Budget is $423,970.40 which is a significant increase over the 2019 budget which was $347,325.00. 

  • Contributions in 2019 were $346,336.69.  Contributions for 2020 as of August 16 were  $192,752.  

  • Memorials in 2019 were $13,625.  Memorials in 2020 as of August 16, 2020 are $7,500.

  • Expenses in 2019 were $311,693.36.  Expenses in 2020 are $166,220.97 as of July 29, 2020.

  • Apportionments in 2020 are $41,066, which is an increase of $4,454 above the 2019 contribution amount.  As of July 29, 2020 payments are $23,131.50, which is on budget.

  • Our Checking Account Balance as of June 30, 2020 was $105,708.98. However, $77,000 of this amount is designated for specific funds which leaves about $28,000 in the operating fund to pay operating expenses.

  • Remember that we need $35,331 each month to reach our 2020 budget goal.  We are about $70,000 behind our giving goal for 2020. 

  • We currently have a balance of $153, 082.07 in our Reserve Fund.  We have not used any of our reserve funds yet in 2020.

  • We do not have a mortgage at Trinity.

  • The SC Conference has provided a fee reduction for our pastor pension and health coverage for three months, July, August and September, to help with COVID-19 pandemic financial burden which will save Trinity about $6,000.  This is unexpected support for which we are most grateful.

  • If we do not meet our budgeted giving goals, there are some things we will not be able to support in 2020 as planned.  Some of the items include:  new floor covering in the sanctuary, lighting upgrade, and mission project support.


Make an effort to thank everyone for their support during this time of social distancing.  In addition to financial support to our church,  some are making masks, and many are checking on Church Family members and providing needed support.  What a wonderful Church Family!  Thanks be to God!   


If there are questions about this report or there is a need for additional information,

contact Dick Sweigart at 803-627-4860 or


Respectfully Submitted,


 Richard Sweigart

Finance Chair  

TRINITY United Methodist Church

Office: (803)684-4100

22 E Liberty Street

York, South Carolina 29745

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