365 days. 8,760 hours. 52 weeks. 12 months. All of these equal 1 year. Less than a year from now Sunrise, a campus of Castleton United Methodist Church, launches as a new, stand-alone United Methodist church. July 1 of 2015. In this post I’ll be describing what our Finances looks like for the current year, 2014, as Sunrise moves towards its eventual end and beginning as a new church.
This post will contain a fair amount of numbers and financial information with not a lot of commentary. If you have specific questions or want to know more, please feel free to ask.
Our initial projected receipts for 2014 totaled $220,000. This was based on $200,000 in pledged receipts and an estimated $20,000 in unpledged receipts. Through 9/3 our total receipts have been around $160,000. That would put our weekly receipt average in the range of $4100 with estimated annual receipts in the range of $217,000-$225,000*.
There are still a number of things to be worked out as we move toward relaunch but with that being said, based on a tentative budget of $250,000 for 2015, our staff related expenses will be the largest expense at nearly 62%. From there it projected as follows: trustees at 24%, tithe to Annual Conference and District at 11%, and program areas at 4%. This does not include our Mission budget which will be received in a separate Faith Promise pledge. As I mentioned before and need to stress again, this is a tentative budget that is still in the process of being developed.
I’ll be interested to hear your questions or thoughts. The next posts will be discussing the vision of this new church.
*Updated with current info on 10/9/14. This update also involves counting from weekly deposit to weekly deposit made each Tuesday.