740-373-1716
401 Scammel St.
Marietta, Ohio  45750
Finance
How are we doing?
 
The financial results for the first six months to June 30, 2020 are as follows:

                                                         Actual                 Budget
1. Offering & other income                  $101,366            $112,653
2. Benevolence & outreach                       7,004                  8,167
3. Total income                                    108,370              120,820
4. Transfers from restricted                     11,242               11,242
5. Total revenue                                 $119,612            $132,062
6. Expenses in excess of revenue              9,128                 3,707
7.                                                     $128,740            $135,769
8. Operating expenses                        $123,492            $127,602
9. Benevolence & outreach                       5,248                 8,167
10. Total expenses                             $128,740            $135,769

‘How are we doing?’ Well, not so good. For the seven months there is an operating deficit of $9,128 (line 6, first column) compared to a budgeted deficit of $3,707 (line 6, second column). The deficit arose despite operating expenses being less than budget: an actual of $123,492 versus $127,602 (line 8). The actual operating expenses include $1,007 of coronovirus-related expenses. The pandemic expenses include items such as the sanitizer stations and the ‘barriers’ at the communion rail. The assembly of these items has been done by volunteers from the congregation. A special thanks goes to Randy Shrider.

                                                                              Fraser G. MacHaffie, Treasurer                                                                                        machafff@marietta.edu