Report from the Finance Team

Dear New Covenant Family:

The Finance Team thanks each and every one of you for your financial support of New Covenant during 2009.  It has been a tough year financially for many in our country, but giving at New Covenant has remained relatively steady.  The church staff has worked hard this year to keep expenses in line with projections as well as receipts. 

Because of the seasonal nature of giving patterns, our church finances usually reflect a substantial shortfall at the end of each November.  This year is no different.  Through careful cash management, we have not had to borrow any money yet this year and are praying that the year-to-date shortfall will be covered by the typical year-end boost in giving to the operating budget.   We on the finance team encourage our church family to contribute to the operating budget to ensure that the whole church is functioning in a healthy way. 

Our highest priority is the operating budget, but we are aware that the church has other needs for financial resources.  Buildings must be built and maintained to provide a place for ministry to happen in our community.   If you wish to make additional contributions to the longer-term needs of New Covenant, there are two existing funds which may be of interest to you.  Both of these funds are directed by the Trustee Team, chaired this year by Tony Shelby. 

1.       Building Fund:  The money in this fund is used for major renovations to the facility, new building projects, and property acquisition. 

2.       Trustees Designated Fund:  The money in this fund is used for major maintenance items and improvements to the existing facility.   

Again, thank you for your continued and faithful support of the ministries of New Covenant. 

The Finance Team wishes you a very merry Christmas and a blessed New Year. 

Debbie Kelly

Finance Team Chair