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June 2026 Finance Report | Dear People of All Saints' – Thanks to your continued financial contributions, we are in a slightly better position at this point in the year than we planned for at the outset.
We began the calendar year with a planned gap in our operating budget between expenses and expected income — income that comes primarily from the contributions of the people of All Saints'. We promised you a mid-year report on our progress, and here it is.
For the first six months of the year, contributions fell short of expenses, producing a deficit of $13,553 against a planned year-to-date deficit of $25,001. That puts us ahead of where we expected to be. However, it also tells us that we as a congregation need to close the gap in order to end the year without a shortfall.
Giving was strong as we began the year, but has declined significantly over the past two months. We continue to do well in controlling expenses. We know that contributions typically fall off as we head into summer travel, and we can expect giving to rise again in August.
We remind the Parish that the Vestry approved a financial plan for Mission and Ministry that anticipates a shortfall of $42,145 for the year, and we set several objectives for reducing that figure. While the first six months have been very acceptable, it is essential that we continue supporting the general fund. Our operations depend heavily on pledged and non-pledged contributions to close the gap between giving and the cost of mission and ministry by year's end.
Please help us accomplish that goal by bringing you Estimate of Giving/Pledge up to date, if it’s fallen behind.
Your continued and generous financial support is greatly appreciated, and is vital to the good stewardship of the Church.
Sincerely,
Vic Clark, Treasurer
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