Treasurer's Report

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.

Downtown Campus

720 13th Avenue South, Minneapolis, Minnesota, 55415
Sundays: 9am & 11am

North Campus

5151 Program Ave, Mounds View, Minnesota, 55112
Sundays: 8am, 9:30am & 11am

South Campus

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