Summary of the Treasurer’s Report on October 18, 2020

View a PDF of the presentation.

Third Quarter Summary

Giving was $2.03M

• Down $165K when compared to Q3 2019 giving
  

Spending was $2.33M

• Down $93K when compared to Q3 2019 spending
  

Spending exceeded giving by $294K

• In Q3 2019, spending exceeded giving by $222K

2020 Year-to-Date Summary

YTD Giving was $6.44M

• Down $391K when compared to 2019
• $712K below 2020 budgeted giving of $7.15M
  

YTD Spending was $7.16M

• Down $173K when compared to 2019
• $532K below 2020 budgeted spending of $7.69M
  

YTD Spending exceeded Giving by $719K

• In 2019, YTD spending exceeded giving by $501K

Year-to-Date Spending Summary

Spending is under budget in all categories (7% overall). We are under the prior year in aggregate and only very slightly over in Upreach and Support, primarily due to supporting livestream worship services.

Mortgages

Bethlehem Mortgage for North Campus

• $1.47M Principal balance as of 9/30/20
• Reduced by $296K YTD
• $105k of this reduction was from special designated gifts towards reducing our mortgage balances.

Bethlehem Mortgage for South Campus

•  $6.68M principal balance as of 9/30/20
• Reduced by $119k YTD

Notes on spending/giving histories and year-to-date spending are available in the PDF of the presentation.