First Half of 2019 Financial Summary

Receipts totaled $365, 121, exceeding budget by 4. 8% and expenses totaled $361, 836lower than budget by 2%.

Net Surplus totaled $3,284 over budget by a strong $24,216. By June 30, twelve parishioners had paid their 2019 Pledges in full. Fulfilling your pledge commitments on a timely basis helps our Church meet its financial obligations and its key mission and ministry goals of growth in Christ and outreach extension.

The Capital Campaign launched in the spring of 2018 has been very successful. On March 18, our church made the final payment on its $1.7 million loan balance. The Mortgage Burning Celebration dinner was a wonderful event.

Parishioners continue to meet their three year Capital Campaign Pledge Commitment. Since the loan was paid off, Capital Campaign Donations totaled $113,454. These fundsare deposited in All Saints’ Capital Maintenance Reserve Account. These funds arerestricted for major property upgrades and replacements. Uses of the fund include a $25,000 for replacement of the educational wing roof. Future projects include repaving of the parking lots and required upgrades to the nursery. As of June 30, Capital CampaignReceipts totaled $1,814,997, 79% of total pledge commitments. A big “Thank you!” to our donors for their gifts. All Saints’ is now set free to serve and grow!

The Outreach Fund Raising Events took place in the first half, were Grapes for Good,After Dark at All Saints’ and the E YC Pancake Supper. We are looking forward to the very popular and exciting Tour de Saints’ on August 24, 2019!

Utility costs are down year to year 14%, kWh down 20% and water usage was down an impressive 38 %, attributed to upgrades to outdoor lighting systems, HVAC replacements and other operational system improvements.

All Saints’ 2018 financial audit was recently completed. The auditors found All Saints’financial affairs and financial controls to be in good order.

-Gil Small, Treasurer

The Finance Committee meets on the 2nd Tuesday of the month. These meetings are open to everyone.