Summary of the Treasurer’s Report on April 24, 2022

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First Quarter 2022 Summary

Giving was $1.7M

• Down $376K (18%) when compared to Q1 2021 giving
• 2008 was the last time Q1 giving was below $1.7M

Spending was $2.2M

• Down $43K when compared to Q1 2021 spending

Spending exceeded giving by $505K

• In Q1 2021, spending exceeded giving by $172K

Mortgages

Bethlehem Mortgage for North Campus

• $793K principal balance as of 3/31/2022
• Reduced by $110K YTD
• $41K of this reduction was from special designated gifts toward reducing our mortgage balances

Bethlehem Mortgage for South Campus

• $6.4M principal balance as of 3/31/2021
• Reduced by $50K YTD

Praise & Prayer

Praise

• For the promises of Philippians 4 that God will supply every need
• For a committed core of members who give money & time
• For a dedicated staff that serves faithfully in difficult times

Prayer

• That we would learn from Philippians 4
  
  • Contentment in every circumstance
  • The secret of facing need
  • The fruit that comes from generosity
  • To serve like Epaphroditus

Additional notes and charts available in the PDF of the presentation.