HOW ARE WE DOING FINANCIALLY?

Short answer: So far, so good. Proceed with caution.

                                                First Quarter---July thru September     

General Operating Budget                  2007                          2008

Operating Revenues                    $236, 147                    $247,422

Operating Expenses                     $264,292                     $219,491

We have received an increase of about $11,000 in revenue compared to a very weak 2007, and are very grateful. We have reduced expenses by about $45,000 compared to last year, which results in a surplus rather than a deficit for the quarter.  However, the Finance Committee is keenly aware of the economic conditions affecting everyone in our community.  In normal years we receive significant gifts in November and December as people do their year-end planning and contributions. We do not assume that our congregation will be able to do so this year. We are therefore watching income and expenses very carefully. Each week the Church Administrator prepares a detailed report of income from all sources for the Senior Pastor and Chair of Finance. In this way we hope to catch negative trends and address them promptly.

For more details call Mary Roberts, Church Administrator in the Church Ministries Office at extenion 13 or click here.