This week at Common Table, Jim Phillips, chair of the church’s Finance committee, explained the extent of our budget shortfalls. For our current fiscal year, we anticipate that our expenses will exceed our income. For the coming six-month period from July 1-December 31, 2019, we foresee another deficit. To make ends meet, we have borrowed from our savings and we intend to reverse that trend, over time building the savings back up. Therefore, several actions are being taken by the leaders and staff of the church.
1. There is currently a budget freeze on all non-essential spending until July 1.
2. The Core Leaders Team (CLT) will begin more conservative budgeting practices. These include the ways that we estimate pledged and designated giving, and the ways that we plan for expanding programs.
3. The CLT and Treasurer will begin a new process for approving withdrawals from savings that seek to make sure that they are more transparent and clear to all leaders.
4. Joe Lee has been appointed as chair of a new task force to make recommendations about staffing in the six-month period from July 1-December 31, 2019 and beyond. Since staff is our largest expense, we need to address how we use our resources to support the work of the staff. He is seeking members for the task force who are willing to work with him.
5. CLT and Finance Committee will also re-evaluate our income streams and set policies that are consistent with our church mission to make best use of the property and resources that house our ministries.
6. In addition, the decision has been made that we will no longer have an Associate Pastor. Pastor Laura is in the process of seeking a new appointment at another church. The District Superintendent and Bishop are working with her and with us to make the transition as smooth as possible. Given this reality, there are a few things that Pastor Laura wants to address, below.