The Finance Committee meets each month on the 2nd Wednesday of the month.  The committee is made up of:
Marty Gallagher, Chairman
Kim Gill, Church Council Treasurer
Jon Sundberg
Eric Sato
Eric Gibson
Steve Wilt
Mark Lovdjeff
Michael Hitchingham
Sue Gearica, Finance Manager
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• The Finance Committee provided a list of capital projects by timeline and costs to help determine priority projects. 
• Notification was received from the Naperville Police Department advising several checks  had been stolen and cashed.  Steps were put in place to help recover those funds.  Preventions included a  Post Office Box (#9185) was opened at the local post office, a locked mailbox at our physical location was installed, and locked boxes were purchased for internal offerings received.  Effective April 24, 2022, the offering plate will not be passed during the worship service except for major holidays.
• The Stewardship and Finance Committees worked together for a successful pledge drive entitled A Year of Service:  One Thing, Once a Week.  Due to a gap between budgeted and actual offerings existed, a second pledge drive encouraging an additional $10 per week per giving unit was completed in February 2022.
• The increased cost of health insurance premiums was absorbed by Joy! with no additional cost to staff.
• With lower than budget offerings, the Finance Committee requested any purchase over $500 required a second approval to be sure only necessities were being purchased in order to keep expenses at a minimum.
• The Finance Committee obtained approval from our mortgage holder, Mission Investment Fund, to refinance our loan beginning with the 2022-2023 fiscal year.  The rate was reduced from 4.675% to 3.875%, added 4 additional years of mortgage payments, however, reducing our monthly payment amount almost $2,200.00 per month.
• In February a virtual meeting was hosted by the Finance Committee for anyone interested in the current state of affairs.
• The Stewardship and Finance Committees will be represented in a new pledge program called “Stewardship For All Seasons” to enhance our pledge drive and assist to educate members on the rewards of Stewardship.  This program is partially paid by the Metro Chicago Synod.

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Thank you for your continued generosity to Joy! and its mission.  
Peace,
Sue Gearica, Finance Manager

		JOY! LUTHERAN CHURCH
		BUDGET 2022-2023
	BUDGET	FORECAST	BUDGET
	2021-2022	2021-2022	2022-2023	$ VARIANCE
INCOME
General Fund Offerings	760,450	725,000	736,500	11,500
Special Joy! Offerings	12,000	6,000	6,000	-
Special Offering Close Out	(8,000)	(3,000)	(4,000)	(1,000)
Offering for Outside our Walls	1,000	1,925	1,500	(425)
Gifts Sent Outside our Walls	(1,000)	(1,925)	(1,500)	425
Program Income
Program Fees Collected	9,500	2,500	2,500	-
Total Program Income	9,500	2,500	2,500	-
Facility Usage Income	2,500	5,500	4,800	(700)
Interest Income	400	300	300	-
TOTAL INCOME	776,850	736,300	746,100	9,800
Gross Profit
EXPENSES
OUT Ministry
Mission Support (Benevolence)	12,000	12,000	12,000
COOL Food Pantry	3,500	3,500	3,500
Stewardship	750	540	750
Other Ministry (Love Inc)	1,500	1,500	1,500
PADS Ministry	5,000	5,000	5,000
Total OUT Ministry	22,750	22,540	22,750
UP Ministry
Worship Arts
Choir/Asst Worship Arts	1,000	125	-
Awe and Wonder Team	1,000	1,400	1,000
Contemporary Music Teams	600	200	500
Drama Teams	200	75	200
Media / Video Team	3,000	5,000	5,000
Contemporary-Worship Resources	8,000	5,000	6,500
Licensing Fees	937	977	977
Total Worship Arts	14,737	12,777	14,177
Children and Family Ministry
Program Resources-Childrens KAK	2,500	3,200	3,200
Program Resources-Family Minstr	2,800	2,500	2,500
Program Resources-VBS	9,000	8,000	9,000
Total Children and Family Ministry	14,300	13,700	14,700
Program Resources-YouthMinistry
Youth Ministry-Meals	1,000	1,500	1,350
Youth Ministry-Resources/Couns	750	200	400
Youth Ministry-Activity Suppl	2,500	2,700	2,200
Youth Ministry-Miscellaneous	2,000	1,600	1,600
Total Program Resources-YouthMinistry	6,250	6,000	5,550
Total UP Ministry	35,287	32,477	34,427
IN Ministry
Info Center/1st Impressions	2,500	2,100	2,300
Gathering Events	1,500	1,500	1,500
Care	750	425	500
RightNow Media	1,870	1,100	1,870
Connections	800	50	800
Program Resources-Small Group	1,800	1,000	1,500
Total IN Ministry	9,220	6,175	8,470
Building Operations
Mortgage Principal Payments	65,134	65,475	54,488
Mortgage Interest Expense	75,050	73,635	60,406
Building Maintenance	7,500	6,300	7,500
Lawn/Grounds Maintenance	18,000	14,525	18,000
Custodial Services	18,000	16,000	16,000
Kit., Bldg. & Cleaning Supplies	1,700	900	950
Fire Alarm	3,000	2,450	2,000
Capital Improvements	2,400	5,800	-
Security System	500	813	600
Utilities
Electric	10,000	11,000	12,000
Garbage	1,326	1,065	1,250
Gas Heat	8,000	8,358	8,200
Telephone / Internet	7,500	9,175	9,454
Water	775	575	775
Total Utilities	27,601	30,173	31,679
Total Building Operations	218,885	216,071	191,623
Administrative
Office Supplies	4,000	1,700	2,500
Human Resources	600	-	-
Postage	800	1,000	1,200
Office Equipment/Maintenance	3,876	4,148	3,850
Computers, Software, & Support	6,500	6,500	6,400
Payroll Processing	3,900	4,200	4,200
Property & Liability Insurance	7,800	7,595	7,792
Electronic Giving Admin Fees	4,000	4,000	4,000
Misc Expense	1,400	1,400	1,000
Total Administrative	32,876	30,543	30,942
Staff
Salary	305,923	307,114	300,533
Payroll Taxes	15,554	17,913	15,144
Medical Expense	56,215	53,436	56,223
Simple IRA & Pension	20,000	18,420	18,420
Disability	2,425	2,202	2,040
Admin & Support	-	-	-
Group Life	1,090	1,259	1,300
Housing	54,825	53,520	53,520
Auto	5,600	5,597	5,600
Worker's Comp Insurance	2,700	2,464	2,708
Education & Seminars-Staff	1,000	1,263	900
Prof Educ/Resources-Assoc Pastor	1,000	1,000	500
Prof Educ/Resources-Lead Pastor	1,000	1,000	500
Gifts & Appreciation	500	500	500
Total Staff	467,832	465,688	457,888
Total Expenses	786,850	773,494	746,100
Operating Expense Contingency	-	-	-
TOTAL EXPENSES	786,850	773,494	746,100
Net Operating Income	(10,000)	(37,194)	-

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