Treasurer's Report

Summary of the Treasurer’s Report on April 26, 2020

View a PDF of the presentation.

First Quarter Summary

Giving was $2.12M.

  • Down $30K when compared to Q1 2019 giving
  • $135K below Q1 2020 budgeted giving

Spending was $2.34M.

  • Up $20K when compared to Q1 2019 spending
  • $145K below Q1 2020 budgeted expenses

Spending exceeded giving by $223K.

  • In Q1 2019 spending exceeded giving by $173K


Bethlehem Mortgage for North Campus

  • $1.65M principal balance as of 3/31/20
  • Reduced by $109K YTD
  • $53k of this reduction was from special designated gifts towards reducing our mortgage balances

Bethlehem Mortgage for South Campus

  • $6.76M principal balance as of 3/31/20
    Reduced by $42k YTD



  • We are thankful for an increased number using online giving and recurring giving options while we are prevented from worshiping together.
  • We continue to manage expenses in line with revenue, although timing of receipts and expenditures causes fluctuations on an interim basis


  • Pray for continued generosity in 2020 so that planned and budgeted ministry initiatives aren’t deferred.
  • Pray for wisdom for the leaders of the church and the financial team to manage and plan in an uncertain economic environment.

Notes on spending/giving histories, year-to-date spending, net assets, and the Payroll Protection Program (PPP) are available in the PDF of the presentation.

Downtown Campus

720 13th Avenue South, Minneapolis, Minnesota, 55415
Livestream, Sundays at 9am

North Campus

5151 Program Ave, Mounds View, Minnesota, 55112
Sundays: 7:30am, 9am & 11am

South Campus

20700 Kenrick Ave, Lakeville, Minnesota, 55044
Sundays: 9am