Budget & Stewardship Update

Our pledge income through April continues to lag well below our budget. Several new and increased pledges have been confirmed as a result of Dean Gary’s letter, but total pledges are right at $200,000 on a budget of $350,000.

Did you know:

• Through April it is costing over $3,100 per month for utilities. As we move back into the Nave and summer in Memphis kicks in, these costs will only go up.

• It is costing $336 each month for security guards on the campus on Sunday alone. Now with Saturday breakfast restarting and the Bookshop open some Saturdays, there is a similar cost for Saturdays. Your safety is too important to cut this expense.

• Apart from the Nave restoration project, we have further dire capital needs at present for repairs which are completely unfunded.

Our only saving grace at present is continued vigilance on our expenses, which are about 17% below budget through April.

However, we cannot cut ourselves to sustainability. We can only move forward through growth in income, as we have stated repeatedly in our past communications. St. Mary’s needs your support!

George Clarke, Treasurer