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Budget Increase - Paul's Question

At today's congregational meeting, Paul asked what percentage increase this year's proposed budget represents compared to last year's approved budget.

Assuming 2007 appproved budget: $235,154
2008 proposed budget: $241,905 (includes additional $500 in line 404)

Percent increase: 2.9%

(FYI: 2006 approved budget: $228, 327 which makes the % increase in 2007 : 3.0%