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As we approach the end of our fiscal year on August 31, 2019 and plan our 2019/2020 budget, we wanted to report on our financials year-to-date.  Here are some highlights as of July 31, 2019:

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  • Autogiving income (66% of our total budgeted income) is 1% below budget.  The number of autogivers has decreased by 10% over the fiscal year and we will see a further dip in autogiving income due to the natural movement of people in and out of the community. 

  • Offering income is under budget by 24% ($20,381 actual vs. $26,650 budgeted).  Some of this is due to folks switching from offering to monthly autogiving; some is due to lower attendance.  

  • Year-to-date income reflects a mid-year unbudgeted gift given specifically to support the long-overdue process of bringing staff salaries more in line with their skills and expertise.  That income offsets a corresponding unbudgeted modest increase in payroll expenses.

  • Staff continue to manage expenses exceptionally well, despite starting with a tight budget. 

  • We are in the midst of budget planning for the 2019/2020 fiscal year which starts September 1. 

    • Our expenses have increased a bit, as expenses have a way of doing, and we are planning around the dips in autogiving and offering.  

    • We are also looking at new sources of funding, including some untapped resources that are available to Thrivent members. Are you a Thrivent member or know someone who is? We’d love to share how you can help put those membership benefits to work to help our Fabric Community.