During December, Zion will discuss and approve the 2015 Zion Operating Budget. Because of the generosity of Zion’s members, the church finances are healthy as we approach the end of 2014. Council has established a goal of $40,000 as an Operating Reserve. These funds are needed to assure Zion has a cash buffer. During some months of the year, expenses may outpace member giving. The Operating Reserve balance as of the end of October was $48,030. Based on projections for the balance of 2014, the year will end with an even higher Operating Reserve balance.
In addition, Zion established a Capital Reserve in 2014. The fund was established to cover non-routine maintenance expenses for our three buildings. As of the end of October, the balance in this fund is $26,271.
We hope this information provides clarity on Zion’s financial status and provides context as we discuss the 2015 General Fund budget.
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