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Financial Update – March 2017

Here is the financial report for the month of March:

GENERAL FUND

Balance March 1st, 2017 – $76,827.91
March Contributions = $81,951.34
March 5th = $27,657
March12th = $20,568
March 19th = $16,444
March 26th = $17,276
Weekly goal = $21, 211
YTD Goal = $275,743
Actual = $271,656
Over/Under YTD Goal = $4,087
March Expenses = $66,160.87
 Balance March 31st, 2017 = $78,542.28
 Note: We are carrying an unusually high balance (normal would be around $20,000) due – in part – to the fact that we have budgeted for 2 positions – Worship Director and Youth Director – where funds were not needed in the first quarter of 2017.   This means expenses are coming in under budget, thus allowing our balance to climb to higher than normal levels.  

SPECIAL ACTIVITES FUND

Balance March 1st, 2017 = $239,344.65
March Income = $8,872.24
March Expenses = $20,949.72
Balance March 31st, 2017 = $227,267.17

CONTINGENCY FUND

Balance March 31st = $158,673.00

SPECIAL BENEVOLENT FUND

Balance January 1st, 2017 = $246,084.00
2017 Gains = $11,122.00
Balance March 31st, 2017 = $257,206.00