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New Fiscal Year, New Budget

07/11/2022 09:43:11 AM

Jul11

Summer is a time for TBE staff and leaders to evaluate last year and look to plans for the coming year. We welcome the new trustees who were installed at our annual meeting on June 8. The combination of new leaders coming together with continuing ones gives us consistent leadership with fresh eyes on governing for our future.

Summer also means the start of a new fiscal year and budget cycle starting on July 1. Staff and leaders, once again, stepped up to create a tight budget. We looked at all our expenses carefully to be fiscally responsible, especially in a time of rising costs. Approximately 80% of our expenses come from personnel and building costs. The only way to a balanced budget, especially at a time of continued rising costs, is to increase revenue. With about 70% of our revenue coming from membership renewals, we ask each household to do what is possible to increase your 2023 membership contribution. 

Membership renewal packets will be mailed to you later this year. As always, automatic renewals will continue for members who do not actively renew by the start of the calendar year. In January 2023, however, we will include a 10% increase in contribution when automatically renewing members’ contributions. If you want to choose how much to increase your contribution, it’s important that you actively renew your membership when those materials are mailed to you. As always, you’ll have the options of returning the renewal card in the mail, managing your renewal online, or calling Executive Director Stefanie Kushner to discuss the amount you are comfortable giving. 

We understand that not everyone is able to increase their contribution by 10%, and we will continue to remind you of this change as we approach the renewal period later this year.

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