b'F i na n ce Committee Contact: Mike Joyce, Chair of the Finance Committee | jjoyce715@aol.comSubmitted by Mike JoyceBeing generous changes us. Our generosity is an expression of gratitude for all that God has provided to us. When we give, we receive, and our spirits grow. By our generosity, we move toward a closer personal relationship with God and others. We are generous givers of our time, talent, and financial resources to the mission of our Lord Jesus Christ, and to the mission of Grace & Holy Trinity Church. We are generous in sharing our resources, both with those outside our walls, and for the care and nurture of our members and facilities. Thank you to everyone who contributes time, talent, and financial resources to GHTC.As reflected in the accompanying financialProjected 2023 Sources of Income (Figure 1)presentation, we recorded a surplus of $16,344 in 2022 versus a forecasted8%deficit of $16,290. We are very fortunate to have this11% 49%favorable variance against the 2022 budget, whichPledgeswas made possible by your6% Endowment Fund (Foundation)generosity. Pledges andEndowment Fund (Vestry-Directed)nonpledge gifts exceededRestricted Fundstheir budgeted amounts byOther Sources$58,000.Turning to 2023, you will26%see that the Vestry approved a deficit budget of $21,625 for 2023. As shown in the financial presentation andProjected 2023 Expenses by Category (Figure 2)Figure 1, 2023 projected income of $1,642,325 is forecasted to come from9% 1%pledges (49%), the GHTC Endowment Fund (26%), the5% 57%Vestry-Directed Endowment6% PersonnelFunds (6%), RestrictedAdministrationFunds (11%) and from otherBuilding & Propertysources such as fundraisersWorshipand other miscellaneousEducationcontributions (8%). 15% OutreachAs of January 30 th , 2023,Parish Lifewe had received 189 pledges7%to the 2023 Annual Giving ANNUAL REPORT 2022 | 21'