The Vestry is eager to share this quarterly update with you as finances are an important aspect of making it possible for us to share life together and to “encounter, embody, and extend the presence of Christ.”
Highlights from January-March
- Benevolence Fund gifts received of $1,716 and disbursements of $3,787 to individuals/families for groceries, rent, utilities, and medical bills. The Benevolence Fund balance was $5,953 at the end of March.
- Building updates: A/V upgrade for the Nave in the works, new furnace installed in the office area, and parking lot repairs coming soon!
| Year-to-Date (Jan-Mar 2025) | Budgeted | Actual |
|---|---|---|
| Operating Income | $64,842 | $70,343 |
| Operating Expenses | $84,126 | $84,293 |
| NET OPERATING INCOME | -$19,284 | -$13,950 |
| Other Revenue | ||
| – IndyDio A/V Grant | $10,337 | $16,000 |
| – Sacred Forest Grant | $2,563 | – |
| – Interest Earned | $807 | $798 |
| – Church Plant Fund Conversion to Gen’l Fund | – | $19,323 |
| NET REVENUE | -$5,577 | $22,171 |
Vestry Highlights January-March
- Welcomed new members Tim Ludden and Alissa Birkel, Clerk Kate Bacon, and reappointed Senior Warden Donna Romack and Junior Warden Nathan Baker.
- Formed an Audit Committee to conduct a financial audit of 2024. Committee members include Nathan Baker (chair), Phillip Fiorini, Tim Birkel, Logan Posson, Jamie Dunn, Lukas Smith, and Ken Racke (ex officio).
- Financial Updates:
- – Increased weekly hours from 20 to 28 for Fr. Ben and Fr. Matt
- – Increased weekly hours from 7.5 to 9 for Joel Rockey
- – Designated funds for a new Parish Administrator (10 hours per week, 48 weeks)
- – Converted $19,323 of restricted church plant funds to general funds
- – Ordered and made a downpayment of $16,659 for a new A/V System ($40,000+); received from the IndyDio a $16,000 grant and a $16,000 loan
- -Sacred Forest Grant approved but funding frozen by Federal Administration
- Adopted new policies for Peace Garden, Reserve Funds, Reimbursements, and the Columbarium; also created job descriptions for volunteer and paid roles.
Future Plans
- Mutual Ministry Review with Co-Vicars
- SafeChurch and Background Check Compliance
- Spring Cleaning Day May 3
The Vestry welcomes your questions and participation in the course of our life together. We invite you to join us, or continue supporting our operational and Benevolence Fund ministries, and thank you for your partnership in stewarding our mission.
