Finance Committee Update
June 22, 2022
|June 20, 2022|
|Adjusted Operating Budget (2022): $845,000|
|Actual Receipts (May 31): $304,696|
|Actual Expenditures (May 31): $326,106|
|Current Operating Balance: - $21,410|
St. Andrew continues to have a negative operating balance; however, we are encouraged that our deficit has improved since the end of March and we hope this trend will continue. Your faithful support over the past several years has allowed us to develop a reserve, so we won’t need to borrow money to cover this expense. Note that staff salary expenses will increase in the next two months and if income does not increase by a similar amount, we will see our deficit grow again.
For more information: The detailed report is available in the church office. Contact the church office if you have any questions or if you would like a pdf copy of the Finance Report sent to you via email or regular mail.