September 11, 2012

Financial Advisory Committee: Rhoda Lehrke, Don Pedersen, Dave Hedtke, Gerald Schmidt, Pastor Shoup, Pastor Palmer, Frank Wegner

January 1, 2012 163,000

This is above the $65,000 escrow loan we begin 2012 (Bonduel State Bank)

2012 Potential Shortfall

As of August 31, we are up 6.1% over 2011 ($30,000)

We have an additional Sunday in 2012

($10,000)

Weekly Offerings

Education fee increase for 2012/2013 school year -from $500 to $575

Brings in about $5,000 in additional income.

Tuition and Fees

SCRIP - Projected Church General Fund receipts for 2012 from SCRIP – We just revised this amount from $20,000 to $10,000 based on current SCRIP receipts from this program. ($10,000)

Other Income ($3,000)

Other Income

Plant Operations - utilities and maintenance

($5,000)

No Operating Debt reduction - $5000 was budgeted.

($5,000)

Delay purchase of science textbooks

($10,000)

Cut Before School portion of Before/After School Program

($1,000)

Expense Adjustment Savings

$84,000

Current 2012 Projected Deficit

Current Escrow (Bonduel State Bank)

August 31, 2012 $122,000

Current Internal Borrowing $20,000

General Fund Operating Debt $142,000

Current Escrow Limit $150,000

Is okay with raising Escrow to $175,000

No closing costs

Interest to remain at 6.85%

If more is needed, a separate 90 day loan can be sought by the congregation.

Bonduel State Bank July 24, 2012

Salary Guidelines for 2012

Original Salary Table (Prior to 2010)