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The January Financial Report

The January Financial Report

Balanced Budget

Your Finance Committee is glad to report for the second year in a row, we have presented a balanced budget.

Late in September, all departments submitted their budget request for 2019. An ad hoc committee previewed all requests and made some changes (only a few). From these changes, the Finance Committee spent part of their October, November, & December meetings going over the request.

Finally, in December, the Finance Committee noted their approval and later the Administrative Council did the same.

The budget for 2019 is $845,412.00. If the pledges hold true, plus the loose plate offerings, etc., 2019 will be a successful year for LUMC.

I am most happy to mention that a 2.5% raise is in our 2019 budget for all employees. The first raise given in three years.

As this note is being written, we are behind $32,964.91 in our 2018 giving. However, with two more Sundays and Christmas Eve services, I believe our budget will be met as in the last five years.
May you enjoy much success and happiness in 2019.

submitted by, Sid Barrick Chairperson

Financial Report
 Year to date as of 11/30/18:  Budget  Actual
 Offerings received  $567,986  $559,057
 Other income received  $159,170  $143,712
 Total income received  $727,156  $702,769
 Expenses paid  $759,968  $735,734
 Income UNDER expenses by  ($32,812) ($32,965)