Buffer Fund
What is a Buffer Fund?
A Buffer Fund is a special, short term, savings account. It holds money away from general operating funds so that when times of high expenses occur, like our summer programming, it is available to cover those costs.
Why does camp need a Buffer Fund?
Each year Camp Northward’s budget is stretched to the limit at the end of the summer due to the higher than normal expenses of camp sessions. The reason for this is because our budget is spread over 12 months, but our highest expenses come only in two or three months during the summer. Therefore, there is often the need to borrow from the capital improvement fund to cover expenses and then pay that fund back as the budget evens out before the end of the year. A Buffer Fund will eliminate the need to borrow from the capital improvement fund.
How is a Buffer Fund funded?
So that the Buffer Fund is fully funded for 2025, and since we are currently paying back the capital improvement fund, a special offering is needed. Moving forward starting in January, there will be a budgeted amount each month transferred from the general fund to the Buffer Fund.
How much is needed?
The goal is to have $30,000 in our buffer fund by the end of 2024.
How Can I Give?
The Trustees are asking for each of our 40 supporting churches to take up a special love offering on December 1, 2024. This is the Sunday following Thanksgiving. If each church would give just $750 we would reach our goal. If your church is planning to participate, you are encouraged to give at that time. However, if you are not sure, or if you would like to give now for your convenience, you can do so below.
If you would like to avoid the credit card fees, you can send a check to P.O. Box 128 Falmouth, KY, 41040. Please indicated “buffer” in the memo.