It goes without saying that the last two years have been financially challenging for everyone. We continue to focus on the positive things God is doing. We continue to see an increase in need and we are continuing to expand ministry programs to help the hurting. With expanding ministry, there is great opportunity for followers of Jesus to play an active role by being faithful with their tithes and offerings.
Smoky Hill Vineyard is no exception to the financial challenges our community is facing. We do however take a very progressive and active stance on managing expenses while we continue to see contributions decline. In 2009 we saw a 14.5% decline in contributions, which is presumed to have direct correlation to the downturn in the economy and the personal financial struggle of many who normally contribute to Smoky Hill Vineyard.
To meet this decline in contributions we actively managed expenses in the general fund down 10.5% from 2008. This was accomplished by an exacting look at operating costs and expenses. A reduction of ministry area operating costs included staff reductions in the 4th quarter. We accomplished this reduction without having a negative effect on our ministry expansion and mission.
Even though budgetary adjustments were made throughout the year, we were forced to tap SHV reserves in order to cover certain expenses that exceeded our cost cutting efforts.
Our church is growing and we are seeing acute needs in outreach and pastoral care.
Still, we are committed to serve our congregation and community and continue to seek creative, smart, and innovative ways to do more with less. We are especially thankful for those who embrace and faithfully support the mission and vision of SHV.
**Current as of 9/30/2010 external CPA compilation
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