Financial Fundamentals August 2023

This report briefly addresses finances at FUMC Fox Hill. The latest weekly and year-to-date information is in the weekly bulletin available at the church or through the link on our web site.

Thank you to all the faithful givers at First Fox Hill. You have kept us on solid financial footing all year and stepped up when we asked for special gifts like our Navajo Partnership. Thank you for all you do for your church.

It will soon be budget time. The various committee chairs will be submitting their budget planning sheets for 2024 by August 25 so their submissions can be compiled and be prepared for the Finance Committee and Church Council to review the numbers during September. The committees will vote on a final budget, more correctly called a spending plan, at their October meetings so it can be presented to the congregation at the annual charge conference. If you are asked to submit information and/or have any questions about the “whole thing”, please contact your finance chair as noted below.

By the time you receive this, you should have in hand your statement of giving for the first six months of 2023. This is not a bill, but our way of being certain we are correctly recording your information. Please check the statements promptly upon receipt and let us know if you have any questions. Also contact us if you do not receive a statement, but are expecting one.

Just a reminder that the expenses of your church happen all year round and can actually increase in the summer. Even if you are traveling, your regular support remains critical. If you would like to give on-line, simply go to our web page www.firstumcfoxhill.org, click on “Give”, and scroll down to the “Give Online” box. [If you are reading this online, click here for easy access.]

Thanks to everyone for being a supporter of First Fox Hill.

Please direct any concerns or questions about FUMC FH finances to our financial staff through the office or Bill Bryan, Finance Chair, at 851-0748 or by e-mail to billb-1111@cox.net.

Total One Fund Through June 2023
Income For Planned Expenses1		$ 240,648
Total One Fund Expenses (excludes pass through2)	Planned	$ 306,600
	Actual	$ 239,847
Pass Through Income2		$4,108
Pass Through Expense2		$ 4,667
“Pay-It-Forward” Contributions		$ 1,160
LUMENs Fund Raiser Income		$ 2,170
LUMENs Fund Raiser Expense		$ 0
1 Includes regular and memorial contributions, building use income, interest, etc. 2 This item represents funds contributed, but passed through to non-budget items, e.g., flowers, special mission programs, etc. [Some pass through income was received in 2022; paid 2023.]