Finance Report for September 2022
October 27, 2022
News from the Finance Committee September 2022
Adjusted Operating Budget (2022): |
$815,000 |
Actual Receipts (September 30): |
$574,442 |
Actual Expenditures (September 30): |
$600,714 |
Current Operating Balance: |
-$26,272 |
Total Charitable Giving including operating and other designated giving as of September 30: $622,000
Thank you very much for your continued support. The Operational Management Team (OMT) and Finance Committee continue to monitor operating expense closely to reduce the anticipated deficit for the year. Your faithful support over the past several years has allowed us to develop a sufficient reserve, so we will not need to borrow money to cover any deficit.
St. Andrew endowments started over five years ago are now generating investment income, for use as specified by the families. For the current year, the Schall Family TRUE Endowment contributed $263.50 to Naomi Kilembo’s medical ministry in the Congo and $263.50 towards an additional camera for the online campus. The Alvey Family TRUE Endowment recently supported UMCOR with $551 for Hurricane Relief and In Touch with $184 to purchase books for Surviving the Holidays.
For more information, the detailed Finance Report is available in the church office. Please contact Karen Field if you have questions or would like a pdf of the report sent via email or regular mail.