Several congregants have expressed the view that our financial statements and budgeting process are rather opaque and confusing. To help those who would like to understand our finances better, the members of the Finance (Brian Funt and Brian Welwood) and Residence Governance Committees (Elain Duval and Barrie Forbes) will lead a Spirit Zone on January 8th, NSUC Finances Q&A. Topics will include the budgeting process, personnel costs, operating costs, pledge income, rental income, and endowment funds. As well, we’ll discuss the financial arrangement surrounding the minister’s residence. Questions and discussion will be encouraged.

Since pledges are down from 210,000 last year to 140,000 this year, the Finance Committee projects a serious budget deficit for 2023. Budget cuts will be needed. Although this Spirit Zone will not be a budgeting session, it is hoped that it will help participants understand our finances well enough to feel comfortable making informed decisions at the upcoming January 29th Congregational Budget Meeting.

~ Brian Funt, Treasurer