How are we doing?
The financial results for the month of February, 2020 are as follows:
Offering & other income $43,111 $32,187
Benevolence income 1,938 2,333
Total income 45,049 34,520
Budgeted transfers from
restricted accounts 3,212 3,212
Total revenue $48,261 $37,732
Operating expenses $32,861 $36,458
Benevolence outreach 1,137 2,333
Operating & Benevolence $33,998 $38,791
Surplus/(Deficit) for month $14,263 $(1,059)
For the two months to the end of February the operating account showed a surplus of $14,263 compared to the budget deficit of $1,059. The surplus arises mainly because of members paying their pledge for the year in a single payment. But also, expenses are running below budget. If you would like a more detailed statement, let me know. Since Sunday services have been suspended for the moment, I need to ask that members keep up with their pledge commitments. You may want to consider setting up a direct electronic payment arrangement between your bank and the congregation’s.
Let me know. My email address is below.
Fraser G. MacHaffie, Treasurer