Your Finance Committee is glad to report for the second year in a row, we have presented a balanced budget.
Late in September, all departments submitted their budget request for 2019. An ad hoc committee previewed all requests and made some changes (only a few). From these changes, the Finance Committee spent part of their October, November, & December meetings going over the request.
Finally, in December, the Finance Committee noted their approval and later the Administrative Council did the same.
The budget for 2019 is $845,412.00. If the pledges hold true, plus the loose plate offerings, etc., 2019 will be a successful year for LUMC.
I am most happy to mention that a 2.5% raise is in our 2019 budget for all employees. The first raise given in three years.
As this note is being written, we are behind $32,964.91 in our 2018 giving. However, with two more Sundays and Christmas Eve services, I believe our budget will be met as in the last five years.
May you enjoy much success and happiness in 2019.
submitted by, Sid Barrick Chairperson
|Year to date as of 11/30/18:||Budget||Actual|
|Other income received||$159,170||$143,712|
|Total income received||$727,156||$702,769|
|Income UNDER expenses by||($32,812)||($32,965)|