END OF YEAR | Money Update
It’s that time of year when…
pumpkin spice is all up in your coffee
your financial advisor wants to get on your calendar
you’re already making plans to see your football team take the championship
At DOWNTOWN CHURCH, it’s that time when we share our budget.
We dig transparency, so here are the numbers.
Our operating budget for 2022 is 1,018,052. As of September 30, we have brought in 602,327 in offerings. This is a normal pattern for us, that we fall behind our budget in the summer and then catch up in the fall. We need your help to catch up on cash flow.
Any big changes in the last year?
You mean inflation. Yes. But also, beginning in May of this year, we began to pay principal toward our building loan. That means our monthly check to the bank increased from $7,200 to $12,872.
Where are we investing?
In our youth and tiny theologians. Creating spaces for worship and for the community to connect. This looks like local musician’s EP releases and community mission events. We raised 16,250 to install 2 new roofs for our neighbors + pack 25,000 meals to meet global hunger.
How does the event rental factor into the budget?
Up to 10% of our budget can come from event rentals. Covid was a hit for that income generation. It’s picking back up, but it won’t land where we expected this year.
I want to help, how do I give a year end gift to support my church?
Contact Susanna Young (susanna@downtownchurch.me) for stock transfer, IRA distribution, donor advised funds, or other strategic ways to give.