Parkview by the numbers Q and A

Dear friends,

I wanted to let you know how much I appreciate all your generosity over the years. I wanted to give you a few of the latest facts..

Q: Aart, what is our annual budget?  A: The budget is $159,000, but there are small separate accounts kept by PPW, youth, choir, Mariners etc.

Q: do we underspend or overspend our budget? A: over the years we have underspent it, although it varies.  Over the time frame of 2012 thru 2017, our income has been about $2700/per year more than our expenses . 

Q:  Do we operate on a cash flow basis only or do we have a reserve?  A: We have a reserve account with the Synod of the Pacific left in the amount of $17,000 and whatever we have in our checking account beyond our monthly operating cost is also considered reserve. Right now the two together are about $27,000 after we take out nearly $12,000 for the new sound system which is designated by Wade and Tom Tambara from donations in honor of their parents.  The summer is a low giving time, but we expect to have the reserve back to about $35,000 by the end of the year.

Q: Isn’t the reserve kind of low? A: Correct, the reserve has been as high as $75,000 over the years I have been here, but over the last four years we have spent about $65,000 in repairs to our main buildings and the sidewalks.

Q: Does the lower reserve have anything to do with the residency program? A: No.  The Presbytery gives us up to $17,000 per year for their stipends and will do so through December 2020. 

Q: How much do we provide for the residency program and do we pay for the residents’ trips?  A: $7,500 per year (mission money that we sent to the Presbyterian Church every year but now are keeping home) as well the cost of utilities etc. for the Kansha building.  From the combined Presbytery/Parkview fund we pay for the cost of registration for the ECC weekend at Zephyr point and for one Manzanar weekend trip per resident only.

Q: What part of the budget goes to pastor salary/benefits and staff salaries combined? A: a little over two-thirds.  

Q: How much money do the fundraisers coordinating by the Fongs bring in a year? : $15,000 to $20,000!

Q: How much income do we get from the rental by the GKI Indonesian fellowship?

A: $7,200 plus special rentals (minus the cost of utilities during their hours of use). 

Q: what are our sources of income?  A: pledges, special donations, special fundraisers.  

Q: We rent out our parking spaces behind the church on weekdays and then rent the parking lot across the streets for Sundays, how do they compare? A: It’s very close.

Q: Are there any special expenses projected in the near future?  A: we may have to replace one more AC compressor in the near future that may cost close to $10,000.

Q: Is there a wish list? A: We would like to create a path on the courtyard lawn for wheelchair accessibility and we would like to beautify the yard in front of the Kansha,. Most urgently we need to replace the Kansha sink, because the residents use it for cooking and it is old and very small. We also need to add shelving to the church kitchen and some electric capacity for fundraisers. A: If anyone wishes to know more about Chelsea and Marcus’s homeless ministry, you can go to sjcw.org. May God bless our ministry. See you in church! Aart