YTD financials through July 31
2010 2009
Actual Budget Actual
Offerings 443,915 467,908 467,509
Special Appeal 0 0 30,130
Focus Benevolences 17,795 6,500 7,038
Total income 461,710 474,408 504,677
Expenses
Personnel 341,361 348,137 338,822
Operating / Program 108,550 111,095 95,262
Benevolence paid 72,134 65,000 58,097
Total expenses. 522,045 524,232 492,181
Surplus / deficit (60,335) (49,824) 12,496
Fund transfers 55,000 49,000 0
Net (5,335) (824) 12,496
July Financial Update
Results in July were somewhat improved. However, total offerings through July 2010, exclusive of contributions for special and focus appeals, were still 5 per cent short of the amount budgeted and were well below last year. Combined personnel and operating expenses were slightly lower than budget. Scheduled benevolence payments to the Chicago Metro Synod have been reduced. As a result of the offerings shortfall, transfers totaling $55,000 were required to help cover the operating budget deficit.
Your help is needed to help close the deficit. Thank you for your continued financial support.
Giving made easier
Set up Grace Lutheran Church as a payee in your bank’s online bill-payment system to avoid writing checks. Use the church’s address at 200 N. Catherine Avenue, La Grange IL 60525 and your envelope number as the account number. Use the memo section in your bank’s bill payment program to specify the purpose of your check, (e.g. weekly offering, designated blue-envelope benevolence, a special appeal).
More members are scheduling their weekly and monthly offerings in this manner. Contact Gary Hill, Treasurer with questions.
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