Congregation Members Adopt $1.2M Budget To Guide Operations Over the Coming Year.........posted Jun 10, 2013
by Jay P. Goldman, Tikvat Israel Bulletin editor
Synagogue members approved a $1.2 million budget for the new fiscal year beginning July 1 that includes increased funding for adult education programs and an upgraded website and small dues increases in all membership categories.
The FY ‘14 spending plan also carries modest increases in salary for clergy and professional staff and funding to conduct a search for a permanent rabbi.
The members’ approval of the operating budget, which had been adopted two weeks earlier by the TI Board of Directors, came at a congregational meeting on June 9 attended by about 45 members. TI Co-President Rodney Matheson, at the meeting’s outset. called it “the most thoughtful budget we’ve ever put together,” especially noting the transparency of the budget planning process.
The financial plan also lists four major fundraising events in 2013-14, developed by the Ways & Means Committee, which expects to raise $112,000. The biggest of them is the Chai Champaign, pegged to bring in $56,000. The other revenue-producing activities in the next 12 months are the cantor’s annual concert, a fair trade festival and a tribute dinner.
Under synagogue bylaws, the annual budget must be balanced when ratified each June at a congregational meeting.