Commitment:
More than just a promise

Through the nine months ending September 30, 2002 Church of the Nativity’s operating income of $169,578 continues to lag behind operating expenses of $187,648. This is resulting in a cash deficit of $18,070.

Compared to last year for the same period, operating income was $182,580, exceeding the current year by $13,002. Disbursements for the same period last year totaled $189,661, which was $2,013 greater than this year. The deficit last year at this time was $7,081.

With the new sanctuary and enlarged facilities bringing increased operating expenses, the Church is projecting average operating expenses of $20,000 per month for the three remaining months of the year, resulting in total operating costs for 2002 of approximately $248,000.

To avoid a cash deficit for the year, the Church will have to collect $78,422 for the last three months, which is $20,826 greater than the amount collected during the fourth quarter of last year.

The goal is to avoid or reduce the deficit to the lowest point possible, since the budget for 2003 will be considerably larger due to increased operating expenses.

How do we do it?

Three possible solutions:

1. PLEDGE INCOME: Pledging members can bring their current pledge up to date, and even over subscribe if possible.
2. SUPPORT INCOME: Non-pledging members and regular attendees could try to increase the amount of their plate contributions.
3. NEW INCOME: All can work to expand our congregation family to broaden the level of giving.

With the full support of all our Parish families and new members, we can close 2002 on a sound financial basis to meet the challenges that lie ahead.. Thank you.

Richard F. Gerhart
Vestry Chair for Finance and Stewardship

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