The Diaconate approved the Fiscal Year 2018 (FY18) budget on Thursday, October 12, 2017, which covers the period between July 1, 2017 and June 30, 2018. This budget is based off the reduced budget from Fiscal Year 2017 (FY17, ending June 30, 2017), where there were across-the-board cuts of at least 7% to accommodate a reduction in pledges.
The Administration and Finance Committee (AFC) and Diaconate were further challenged this year to balance a budget that reflected a 12% decrease in pledges from pledges received in FY17 and an 8% increase in expenses. To address this potential deficit, the AFC and Deacons approved to maintain a 5% endowment draw and identified the use of several off-budget accounts to assume certain costs included in the operations budget.
For more information, please access the budget on the Member Portal of the website, ahcc.org. In addition, there will be a Congregational Meeting on November 12, 2017 following the 10:15am Sunday service to discuss our church finances and funding expectations.