Posted on Thu, Feb 7, 2013
The Ad Council and Finance Committee are considering how to best resolve the church's financial problems.
General offerings are running nearly $20,000 a year below budget. To date, the church has continued to pay all bills by borrowing funds from its endowment accounts, but that borrowing has reached a level that makes it improbable or very difficult to replace the money.
A special committee of the church's chief financial officers is reviewing last year's budget to see if additional cuts and savings can be made, but they realize that $20,000 can only be cut if the church is willing to eliminate or reduce staffing. Virtually the only line of the budget that can yield $20,000 a year is that which pays for our pastor.
Certain expenses -- heat and other utilities, office operations, our mission giving to the West Ohio Conference and the Maumee Watershed District -- are fixed and cannot be reduced. Even refusing to pay our mission obligations would not save $20,000 a year.
The church is already running many of its major programs, such as the church school, on only a few hundred dollars a year. Further cuts in that programming are possible only if we choose to try to run the programs on a 0-expenditure basis.
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