Tikvat Israel Congregation

A Conservative Synagogue in Rockville, MD

Congregants Adopt $1.6M Budget for New Year

A quorum of congregants (36 members) approved a $1.57 million spending plan for Tikvat Israel in 2017-18 at a congregational meeting on June 28.
The new budget governs operations from July 1 through next June 30. It calls for no significant changes in spending and no increase in membership dues.
The largest expense relates to the staffing and operations of the synagogue’s early childhood education program, which also will account for the largest source of expected revenue in 2017-18.
Membership dues constitute nearly one-third of expected synagogue revenue in the adopted budget.
Notably, the FY ’18 budget includes $100,000 in contingency funding to cover TI’s building emergency needs. The surplus was generated by the efficient operations of the ECC during the past 12 months, said board treasurer Stuart Lempert. He said he considered the new spending plan a realistic operating budget.