|If we have a line item budget how do we end up spending more than budgeted?||The budget is a plan that starts the year. All costs are best estimates and sometimes the actual costs are more than planned. If there is a significant difference then the commission or committee is asked to inform the finance commission before the expenditure is made.|
|Don’t items charged to “contingency” have to be approved by the vestry?||Yes.|
(Related to using large donations to pay debts)
What is the church’s past history of use of this windfall money?
|The answer depends on whether the gift is designated or not. All designations are strictly honored. For non-designated gifts, the approach has been to seek a way to honor the gifter and meet the current needs of the church.|
|Is it possible for the vestry to develop a policy, going forward, to make when dealing with future windfall gifts?||The current policy is described in the answer to the previous question.|
|What happened to the 43K from the Lawson Garden Trust?||With support from the Lawson heirs, the Lawson Trust was dissolved and funds moved to the new Garden fund. It is currently designated toward toward the fountain project.|
|What % of the trust growth over the last 4-5 years was income from investments vs. new gifts.||Almost all of the trust growth in the last few years has been from investments. There was a recent gift to the trust, but that has been the first in many years.|
|Is there any discussion of using undesignated funds to pay the debt?||Yes. We will find a way to both honor the donor with something meaningful, which could include program funding.|
|Will you use the entire gift to honor the donor?||We will use some of the gift to honor the donor.|
How many families are pledging?
|There are 12 new families that pledged this past year.|
|Why did the social media budget request jump from $300 to $3000?||We have seen good returns from social media advertising and would like to do much more in 2017 to advertise the church to the local community.|
|Do we have measurements on our Return on Investments?(ROI)||The vestry will take this up after we complete the work as a parish to define our goals and strategic filter. Both qualitative and quantitative measures will be used.|
|Where is Reverend Anisa Willis budgeted?||Line #96|