Using Money
Broadly speaking we spend money on the following areas of work:
Central Services – Costs for servicing the various ministries of St Michael’s. The costs include administration costs and IT resources.
Church Life – Worship service costs such as music, audio visual costs and refreshment provision. Also included are pastoral costs and specific staff costs.
Youth & Children – Staff costs and specific ministry costs.
Premises – Building maintenance and utility costs together with associated staff costs.
Mission & Evangelism – Costs include support of our mission partners, Alpha and running of evangelistic cafes and other events.
Quota – This is money paid to York Diocese which covers our clergy costs and helps to support other, less well resourced, parishes.
Budgets
Each year the PCC sets an Operating Budget to support the activities/ministries which we feel God is calling us to. All categories of expenditure should fall under either: Worship, Discipleship, Evangelism or Operations. The process involves all budget holders submitting draft plans and then we assess our income expectations in relation to these. Budget holders will then revise their plans depending on the forecasted income available. We aim to have a balanced budget each year.
Our Budgeted Income and Expenditure for 2012 is: £650,000
This figure does not allow for restricted funds. Nor does it allow for one-off collections, for example raising money for Natural Disasters; for Church Weekends and other such events where income should equal expenditure.
Our figures to the end of February (the last figures given to the PCC) show:
Income -£24,206
Expenditure +£53,799
Surplus £29,593
N.B. These are variances to the budget, not actual figures for income and expenditure. These figures can be significantly affected by timing variations throughout the year.
Financial information for 2011 can be downloaded by clicking on the two links below: