Winter Congregational Meeting 2011

Trinity Lutheran Church

•Call to Order and Opening Prayer

•Budget and Finance Update

•Budget Vote

•Trust Litigation Update

•Building To Serve - Capital Campaign Update

•Adjourn

Meeting Agenda

Pastor Guiser

Opening Prayer

Bob Graves

Finance Update

2010 Results

Income: $972,207 Expense: $971,360 Net: $847

TCNSK Net (includes camp): $164,602 2010 Highlights:

Weekly Envelopes: $331,745 (+4.6%) Maintenance: $81,060 (+19%) Benevolence (including local): $38,725 (-3%) Trust Income: $40K under target

Used $30K of Memorial for operating fund Approval received from AG to move trust to BMT Will receive $40K in 2011 as 2010 “Make Whole”

commitment Adjusted Net: $10,847

2011 Budget Proposal

Income: $1,021,400 Expense: $1,014,355

Net: $7,045 TCNSK: Income $481,000 / Expense

$305,500 Net: $175,500

Million!

2011 Income

TCNSK 47%

Env. Giving 35%

Trusts 11%Other 7%

1. TCNSK: (including camp): $481,000

2. Envelope Giving (weekly envelopes, plate offering, special envelopes): $353,000

3. Trusts (includes “Make Whole” payment): $116,200

93% of Income is from three (3) sources

2011 Expense

1. TCNSK (including camp): $305,5002. Clergy: $160,8073. Operations: $120,6904. Music: $90,5005. Mortgage: $73,8916. Office: $51,367

TCNSK 30%

Clergy 15%

Operations 12%

Music 9%

Mortgage 7% Office 5%

78% of Expense is from six (6) sources

2011 Budget Proposal

Questions / DiscussionMotion to approve …

Peter Berg

Trust Litigation Update

Trust Litigation Update

Schlosser and Lapella Trusts movement from Wachovia Bank to Bryn Mawr Trust Company approved by State Attorney General’s Office. Completed transfer of trusts will be done within first quarter of 2011.

Bryn Mawr Trust Company to reimburse Trinity for lost trust income from 2010 (approx. $40,000) and is committed to pay 5% net asset value as yearly income from trusts in future.

DONE!

Pastor Guiser

Building To ServeCapital Campaign Update

Others

Building to Serve

Approximately $140,000 on hand with another $40,000 expected this quarter from trust settlement.

  Approximately $215,000 In Lapella Trust designated for

building campaign.

Revised site plans submitted to Worcester Township and now under review for either a new land development approval or simply a building permit under the existing land development plan.

Bryn Mawr Trust Company has made an offer to refinance and further mortgage additional cost of any new building.

Others

Building to Serve

Questions/Discussion

Others

Meeting Adjournment

Motion: