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The 2008 Budget Challenge
Written by Staff   
Wednesday, 10 October 2007

ImageWe face a significant financial challenge this year as we bring this parish to financial maturity.  To support our current ministries, we must increase our 2007 pledge base.  We hope to see 200 parish families, increase their pledge by at least $20/week.  This will add an additional $208,000 to the parish treasury. 

Why this necessary increase? 

The Vestry supplemented year 2007 income with a loan of $166,231.  This allowed the Vestry to fully fund three staff positions.

The Director of Lay Ministry Development
The Youth Minister
Director of Communications

The source for the parish loan is depleted.  To sustain our current level of ministry, parishioners must accept responsibility to fully fund the 2008 budget.  If the 2008 pledge campaign fails to generate sufficient financial resources, parish services will be reduced to what can be supported by a balanced budget.

This may include the loss of Youth Ministry and ministry with Seniors, the reduction of parish communication, the loss of one worship service on Sunday, and the reduction of ministry to with children.

We are hopeful for a positive outcome to our 2008 Stewardship Campaign.

If 200 families increase their giving by just $20/week ($1,040/year) we will sustain our forward movement in ministry without loss of programming or services. 

 

© 2008 St. David's Episcopal Church