(Presented at the Jan 27th Congregational Meeting)
We are 6 months into our current 2012-2013 fiscal year, and overall, I am really pleased with where we are. We passed what I would consider a very realistic and conservative budget last spring, and so far, we have been successful in avoiding any budget cuts.
Norman Fouhy just completed an extremely thorough analysis of our financial outlook for the remainder of this fiscal year. I will spare you the analytical details, but Norman felt that with close administrative oversight to control spending, he projects that we should be able to meet a balanced budget.
I would like to highlight what I consider to be the most important budget line item – pledge income. Pledge income was lagging from July through October, however thankfully, November and December have shown a huge increase in pledges – 19% over our monthly budget. However even with this huge surge in pledge income, we are still about $2,000 short of reaching half of our anticipated pledge income at this halfway point through the financial year, and even more alarming is that we are currently projected to fall $16,000 behind by the end of June.
Borrowing from a Jewish Proverb “I ask not for a lighter burden, but for broader shoulders.” So let’s all work together by sharing the weight and responsibility and make sure that we continue to fulfill our pledges.