Thursday, September 04, 2008

2nd Quarter Financial Status

Detailed spreadsheets are available to you by request to the Chair of Finance, Kathy Brann. However, the Finance Committee this year is providing communication on the overall financial status at the end of each quarter. The following is a summary of our finances through the summer:

Total Income through August: $86,188.70
Total Expense through August: $94,964.46
Deficit: $8,775.76

Commentary: In the words of our Financial Secretary, Chris Bowker, "We made it through the summer!" In addition, we ran three months straight (June, July and August) without a deficit. On the other hand, we are running a significant deficit and our income is a little over $3,000 less than last year this time. And last year we were paying mission shares to the conference each month and this year we have not yet paid. Times are tough, but God is tougher. Let us trust in the Lord and respond in joyful stewardship of God's gifts.

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