How are we growing in our discipleship through our stewardship of the blessings God has given us? As part of our Spring Stewardship Sunday on June 19th, Donna Dutton, chair of the Niccolls Church Finance Committee, shared with the following report:
Last year in June, our congregation received a report from the Financial Task Force. Over the preceding three years, the Finance Committee and Session had noted a decline of income to our ministries. The Session appointed a Financial Task Force to examine our financial situation and make recommendations concerning how to address any long-term issues.
The Task Force identified several factors to the decline of income including: a slightly delayed reaction to the recession and the loss of high-end donors who died or moved out of the community.
The Task Force presented its findings to the Session and the congregation with three possible future scenarios. The Session voted on and the congregation endorsed the third future scenario in which we challenged one another to annual increase in giving of 5% over the next five years.
Today we are eager to share how our financial picture has changed one year into this five-year challenge.
First, we have a very healthy balance sheet. Our generous stewardship over the winter months allowed us to fulfill all of the commitments to our ministry and mission without dipping into the reserved funds for income shortfalls. We call these reserved funds our “Snowy Day Funds” which would cover three months of ministry expenses should our expenses exceed our income during the challenging winter months of January, February, and March.
Second, the loan through the Presbyterian Investment and Loan Program for replacing the entire roof was paid in full this year.
Third, our budget for this fiscal year. Your generous stewardship… your response to the challenge of a 5% increase in giving has yielded faithful results.
As May 31st, the congregation has given so generously that over the fiscal year we’ve been blessed with healthy and positive income flows – when we projected to have budget deficit of $17,000 at this point in the fiscal year. We are so thankful for allowing the Lord to work through us as we share our blessings to fulfill the congregation’s mission.
Let’s not coast. Let’s continue to be generous. Even sacrificially generous.
You’ll notice in the Financial Snapshot (found later in this newsletter), that income for our ministries dipped in May.
We have several ministry commitments to fulfill before the end of the fiscal year including over $10,000 for our mission tithe. We ask you to prayerfully increase your pledge on Stewardship Sunday later this year so that we may stay on target to reach our five-year goal.
The Session and the Finance Committee are committed a shared ministry with the entire congregation. Niccolls Church is not a spiritual theater or service provider supported by an audience of appreciative consumers. Our mission of “reaching out in faith and love” belongs to us all. Giving through our stewardship is one form of participating in our shared ministry.