Summary of the Treasurer’s Report on July 28, 2019
View a PDF of the presentation.
Summary of Second Quarter 2019
Giving was $2.49M
- Up $93K when compared to Q2 2018 giving
Spending was $2.59M
- Down $52K when compared to Q2 2018 spending
- $150K below Q2 2019 budget
Spending exceeded giving by $106K
- In Q2 2018 spending exceeded giving by $251K
Year to Date 2019 Summary
Giving was $4.63M
- Up $42K from 2018 when giving was $4.59M
- Period includes an additional Sunday vs. 2018
Spending was $4.91M
- Up $30K from 2018 when spending was $4.88M
- $251K below YTD 2019 budget
Spending has exceeded giving by $279K
- In 2018 June YTD spending exceeded giving by $291K
Mortgage Update
Bethlehem Mortgage for North Campus
- $1.96M Principal balance as of 6/30/19
- Reduced by $226K YTD
Bethlehem Mortgage for South Campus
- $6.87M principal balance as of 6/30/19
- Reduced by $44K YTD (payments began in March)
Conclusion
Finances are stable, but there are initiatives in our 2019 budget not being done that require additional financial resources.
Prayers
- Continued wisdom in managing the finances of the church
- Thanksgiving to God for meeting our financial needs as a congregation
Slides can be seen by viewing a PDF of the presentation.
