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Greg Murray, Treasurer

As shown below, the parish had revenues of $338,164 and expenses of 316,675 with a net income of $21,489 as of 9/30/2024. Our budget had projected revenues of $344,971 and expenses of $311,971 with a net income of $33,000 for this period. 

Regarding the categories highlighted in yellow:

Revenues

  • Pledge revenue year to date is slightly more than 10% below our budget projection. We ask that parishioners review their pledge statements and please do everything possible to make up for any shortfalls.

Expenses

  • Building and Grounds expenses are over budget due to extra building maintenance and snow removal costs year to date.
  • Property Insurance variance is due to a timing issue of when the premiums have been paid versus the spread in the budget.
  • Wage and Benefits variance are due to higher housing costs for Reverend Ashley because of her move to Park City.

Overall because our pledge revenue and our net income are both below budget projections, we are slightly concerned about how we will end the year. 

Regarding assets, we have $247, 928 of assets as 9/30/2024 including:

  • $96,887 of operating cash, discretionary funds and sabbatical reserve funds 
  • $46,498 of capital maintenance reserves
  • $104,544 of endowment funds

The operating checking is highlighted in yellow because we have seen a steady decline in our operating over the last couple of months because of lower than projected pledge contribution receipts.

If you have questions regarding our financial positions, please contact me at gmurray4591@gmail.com or 425.614.6948.

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