Where things stand


A Trustee Update:

The Board of Trustees feel that it would be good to let the congregation know where we stand financially through the Pandemic. Even though we are having significantly reduce giving, especially from our facility users, we have also had some reduced expenses. We having been running better than anticipated through much of the year but in October that gap reduced significantly. In October, giving was down and our expenses exceed income by almost $17,000. Although we approved a 2020 budget with a deficit of $22,000, we currently expect to have a larger deficit by year end.

There are several factors contributing to this expected deficit including user income is currently $17,000 under budget and we expect remain well below budgeted as only two self-help groups with very light numbers have returned to campus. Also, our pledge income is running on budget currently but is expected to fall short by year end which can be traced predominantly to no cash (plate passing) donations which range between $10,000 abd $20,000 each year with a significant amount of that received from October through December. Good news is expenses are running $16,500 under budget as well which has kept us from a much larger deficit. In October alone, pledge/loose offering ran $6,000 under our budgeted amount.

We are grateful to the many members of the congregation who have been able to keep up with their pledges during these unusual times and we thank you for your continued support now and into the coming year. Pledges for 2021 are now being accepted by mail, by phone, or online at www.rochesterfbc.org/together.

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