This past year we made many changes in our church budget structure. We combined all of our ministry budgets into one church budget so that we can see what the actual cost of each category is, for example, we can now see what our total electricity usage is for the entire campus. This is now true for all categories so that going forward we can have a true picture of what we spend as a church. Since all of our operations are ministries of the church. We focused a lot of resources on beautification of both the inside and outside of our campus. Our general budget covered painting all of the upstairs and downstairs classrooms in the education building. Building a Legacy covered the outside of the entire campus, including some much needed repairs with the painting.
The overall financial picture for last year is good. We are expecting to be very close to our projected budget. We expect to end in the black by $5,000-$10,000. Our revenue is expected to be short by about $40,000 but we also reduced our expenses to match. We spent about $10,000 more on the building than we planned because the painting has gone faster than projected, and that amount was planned for this next year, so we will recover it after September.
Building a Legacy. We have brought in just over $125,000 and currently have spent $76,000. A new sign for the front of the building is in process and we hope to have it approved and in construction soon.
For 2018/19 we have increased salary cost projections to finally allow for some much needed raise for our awesome church and preschool staff. This new budget is still very conservative and we are optimistic that the revenue will surpass our plans, but we want to maintain a practice of preparing conservatively and spending carefully.