January 31, 2016
Our 6 Month Financial Report is very positive. First, income increased $75,000.00 compared to the same 6 months of the previous fiscal year. Secondly, we paid the Ville loan off, which will help lower expenses in the second half of the year. Third, we went from being about $62,000.00 in the hole in our parish account to having $62,000.00 positive in the account. We still will need to be careful with our spending in the next 6 months since income is always lower as there is only one December each year. However, my hope is we can end up with not only a balanced budget, but with a little cash on hand at the end of the fiscal year on June 30th. We also will end up with significantly less debt as we paid off the Ville in October and are quickly paying off the 2009 stewardship debt as well as the HVAC loan. Thank you for your generosity that not only balances our budget, but even more provides for our ministries to youth and adults.
The 2016 Annual Fund projects have been selected with the help of the staff, finance and development committees. First, we plan to re-stain and seal the Ville floor including the entrance. Almost all of the stain and sealer have been worn off in the Ville over the last 10 years because a lot of use and cleaning. So we need to refinish the floor and touch up some of the walls that have minor damage. Second, we plan to build a 24 x 30 foot storage shed. We need more 1st floor storage space for everything from ladders to tables and chairs to volleyball nets and other equipment for the youth and other groups. The shed will be just north of the Ville and near the back door to allow easy access. The youth have asked for things like tables and chairs to use outside and my primary struggle was the problem of where to store any additional equipment. Hopefully, this shed will solve many of those problems as well as replace the existing small shed that needs more repairs than it is worth. Finally, we will continue to use the remainder of the Annual Fund to pay off the heating and air system for the north side of the building.
ReMembering Church continues this Thursday, January 28th at 7:00 PM in Room 1A. It is a place to ask your questions “why” and reconnect more deeply with the Church here at St. Vincent’s. Come join us. No reservation is needed.