Proposed Budget 2019-2020

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Notes on Proposed Budget

REVENUE

  1. The donations need to increase by $31,712 (11%) to balance budget.
  2. Fundraising is expected to be $3000 less next year due to a lack of storage space
  3. Committee events fundraising has been dropped from this year’s budget as it has not happened for the last few years.
  4. Rentals are projected to be over last year’s budget by $13,000 even with the potential loss of some funeral rentals.

EXPENSES

  1. Mortgage payment increases by $10,000 to fund capital projects (Mortgage increases by $150,000)
  2. The $10,000 increase in payroll covers:
    • a 3.1% increase for the Minister, Office Administrator and Director of Lifespan Faith. Development (cost of living = 2.8%)
    • an additional 5 hours per week for the LFD Assistant plus a cost of living increase (increase of $4050).
  3. The increase in the properties budget is due to the budget request for the Accessibility Inclusion Ministry (AIM) Committee ($5600).
  4. The increase in the programs line is mainly to provide child care for meetings and courses (increase of $6,800).
First UU Church of WinnipegCurrent
2019-2019
Proposed
2019-2020
REVENUE    
Pledge Donations $287,820 $319,212
Open Plate Donations $12,000 $14,000
Miscellaneous Donations $5,000 $5,000
Endowment Fund $1,500 $1,500
Interest Income $1,400 $1,400
Sunday Service Coffee $1,420 $1,420
Fundraising Committee $20,000 $17,100
Committee Events $3,200 $0
Building Rentals $56,000 $69,000
Marg Benedictson Mem. Fund $2,000 $2,500
Operating REVENUE $390,340 $431,452
EXPENSES    
Monthly Mortgage & Loans $30,970 $41,600
Payroll $188,098 $198,001
Administration $24,305 $25,761
Property $54,972 $60,126
Fundraising Committee $5,000 $4,600
Committee Events $1,500 $0
Programs $37,682 $46,451
Building Rental $17,960 $22,613
CUC & UUA Fees $21,400 $21,450
Board $1,150 $2,350
Minister's Discretionary Fund $1,299 $1,500
Share the Plate $6,000 $7,000
Operating EXPENSES $390,336 $431,452
Net Operating Income $4 $0

Notes on Proposed Budget

REVENUE

1. The donations need to increase by $31,712 (11%) to balance budget.

2. Fundraising is expected to be $3000 less next year due to a lack of storage space

3.Committee events fundraising has been dropped from this year’s budget as it has not happened for the last few years.

4. Rentals are projected to be over last year’s budget by $13,000 even with the potential loss of some funeral rentals.

EXPENSES

1.Mortgage payment increases by $10,000 to fund capital projects (Mortgage increases by $150,000)

2. The $10,000 increase in payroll covers:

            -a 3.1% increase for the Minister, Office Administrator and Director of Lifespan Faith. Development (cost of living = 2.8%)

            -an additional 5 hours per week for the LFD Assistant plus a cost of living increase (increase of $4050).

           

3. The increase in the properties budget is due to the budget request for the Accessibility Inclusion Ministry (AIM) Committee ($5600).

4. The increase in the programs line is mainly to provide child care for meetings and courses (increase of $6,800).