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Budget Overview
In Advance of our June 28 Voter's Meeting
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There will be a more detailed report at the Voter's Meeting this Sunday, June 28 after the worship service. Below is a very basic overview of our current situation and outlook for the next fiscal year provided by Mike Bauer. As always, we are dependent upon God's provision through the generosity of our St. Andrews Family as we respond to God's goodness. See you Sunday,
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With a few days left in the current fiscal year we are expecting a shortfall of approximately $181,600, which compares to a budgeted shortfall of $136,200. Both receipts and spending are higher than we expected, with the difference in spending larger than the difference in receipts.
School receipts will be about $120,000 higher than expected, a result of much higher than planned early tuition payments for the 2026/27 school year and much higher child care receipts than we've seen in prior years.
All other receipts (largely donations) will finish the year slightly (about $15,000) below plan.
The most significant single item where spending is over the budget is in school curriculum, where we will spend over $32,000 more than the plan. About 2/3 of that difference is from paying for 2026/27 curriculum earlier than normal (in June, rather than later in the summer) and the other 1/3 is from under budgeting 2025/26 curriculum spending. In total, school spending will end the year around $57,000 above the budget.
Other areas where we spent more than our plan included natural gas (very high rates this spring compared to prior years), building insurance, our contract cleaning service, software (new systems and processes) and personnel costs.
Our estimated shortfall for the upcoming 2026/27 fiscal year is just under $100,000. Higher tuition receipts (from tuition rate increases and about 10 additional students) combine with lower school spending (partially due to the early payments for curriculum mentioned above) and anticipated reduced spending on natural gas and electricity (we expect to be generating solar power shortly!) are the biggest reasons for the improvement.
We expect to finish the current fiscal year with about $240,000 in our bank account - which is sufficient to cover the expected shortfall in 2026/27.
Mike
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