The Financial Four -- January 17, 2017

Today, the latest edition of The Financial Four, an update from our Interim Director of Finance, Missy Sue Mastel.

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Happy Secular New Year!

I think we're especially fortunate to have two New Year celebrations; I use one for my spiritual health and the other for my (and incidentally, the synagogue’s) financial well-being. Some people say spirituality and financial considerations shouldn’t mix. Don’t believe that for a second; they are inextricably tied together. At the synagogue, like everywhere else, you get what you pay for – we commit to supporting our synagogue and the synagogue is there when we need and want it.

A lot has happened in a few short weeks since my last post. So, with no further ado, let's look at our recent progress.

1. Commitment to Cash Flow – While we continue our bold push to create a sustained culture of giving, we are well on our way to making our projections for the year, coming in at or below budget on our expenses. This good news is a direct result of...

2. Our Commitment to Savings – Many of our Board members and volunteers have come up with great ideas to help us save money. We are investing in programming changes for our synagogue database, our telephone systems, and our postage and copying contracts in order to create more sustainable long-term cost structures. Some of you may have noticed some of our customer relationship management (CRM) changes, and may have experienced a glitch here and there. We are grateful for your patience and understanding as we work through these systemic changes and get everything working correctly while we continue to do our job of keeping your financials accurate and up to date.

3. Commitment to Staff and the Environment – So many people came to tell us how wonderful the High Holy Days services were at CBS, and many felt this was because of the hard work of our staff. We agree, so we have reworked our staff benefits to include Commuterchecks and Flexible Spending Account (FSA) benefits for anyone who opts in. We also scheduled some lovely back massages for the hardworking CBS Family Preschool and office staff just before our wonderful Light It Up! Community Hanukkah celebration.

4. Commitment to the Community – We all know that Beth Sholom is not an island, and we have been making a lot of plans to partner and work with other synagogues. Here, in the financial office, we are forging a CRM redesign for use by other congregations in the Bay Area. We thank Congregation Emanu-El and Peninsula Temple Beth El (San Mateo) for encouraging us to "boldly go where (few) synagogues have gone before." Stay tuned for exciting updates on that front!

Finally, thanks to you, our members, who give all of our commitments – and your commitments to us – meaning and purpose.

L’shalom,
Missy Sue