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MITCHELTON PRESBYTERIAN CHURCH
COMMITTEE OF MANAGEMENT
2017 Proposed Budget
Report from Committee of Management
SUMMARY
Using a 9% increase in giving from our currently budgeted 2016 base, the proposed budget has a slight
surplus. BUT to make the 2017 budget balance, we need to increase giving from 92% to 95% by
the end of 2016.
CURRENT FINANCIAL POSITION
Giving
Regular giving in 2016 has looked like a rollercoaster – we have fallen behind on several occasions, and
then caught up again. Committee is grateful for the way God has responded through the generosity of
the congregation.
MPC’s regular giving YTD is currently tracking at around 92% of the original 2016 budget (under by
about $48,800).
Expenses
Current expenses are also below budget.
Reserves
Because of the unexpected drop in giving in December 2015, the anticipated reserves (which were to
fund the Future Ministry Fund in 2016) were not available. This has meant that we have been
approximately $35,000 behind from the start of the year.
It is currently forecast that at the end of 2016, we will retain reserves of approximately $37,000 of the
Goldsmith bequest, and close to nil in cash reserves. The proposed budget does not anticipate drawing
on the Goldsmith reserves in 2017.
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