Budget & Stewardship Update

Treasurer George Clarke reports:

Our financial situation through the first quarter of 2023 is still good with total income exceeding budgeted income. However, this excess will diminish over time as the trust distribution in January spreads out over the year.

Our situation is strengthened by hyper-vigilant management of our expenses, which are 20% below budget through the quarter.

Pledges lag well below budget and there are still a number of people who have not made a pledge commitment to support the programs, ministries and operations of the Cathedral.

Support for the Organ Fund has been outstanding, but it will all be in vain if we don’t have the income to support the music program, or any of our other ministries, in our operating budget. Cuts are not optimal and are not on the table (yet!). If you have not made your pledge, please do so as soon as possible. If you have pledged and can find a way to give a little more, your additional support means more than you can know.