Posted on September 13, 2018
Posted By: Bill Shank
Categories: Uncategorized

Overview: We ended the month of August with a deficit of $9,795. Because of this we were not able to transfer (for the second consecutive month) $5,000 from our General Fund to our Building Fund. The Finance Committee met on Thursday evening, September 6th to look at our overall financial picture. We are 68% of the way through 2018 and our expenses are running at 64%, and so expenses are not out of hand. The deficit is due to a decline in contributions of approximately $60,000 compared to last year at this time. The Finance Committee is asking that ministries first contact the church office if looking to spend in excess of $500 during the month of September.
GENERAL FUND
SUMMARY FOR THE MONTH
Balance August 1, 2018 = 4,716.48
August Contributions = 79,353.45
Weekly goal = 21, 501
August 5 = 18, 593 August 12 = 24,761
August 19 = 18,671 August 26 = 17,329
August Expenses = 93,865.85
Balance August 31, 2018 = (-9,795.92)
SUMMARY FOR THE YEAR (2018 Spending Plan)
Year To Date Goal = 731,068
Year To Date Actual = 666,639
Over/Under YTD Goal = (–64,699)
BUILDING FUND
Balance August 1, 2018 = 178,337.91
August Contributions = 2,034.92
Balance August 31, 2018 = 180,372.83
SPECIAL ACTIVITES FUND
Balance August 1, 2018 = 232,689.29
August Income = 37,653.25
August Expenses = 12,577.55
Balance August 31, 2018 = 257,764.99
CONTINGENCY FUND
Balance August 1, 2018 = 159,079
2018 Gains = 660.00
August Expenses = 30,000 (Transfer to Special Activities Fund: Church Security)
Balance August 31, 2018 = 129,745
SPECIAL BENEVOLENT FUND
Balance January 1, 2018 = 287,856
2018 Gains = 6,810
Balance July 31, 2018 = 294,666