Our Financial Secretary, Steve Smith, provides monthly reports to the Congregation Council – contents of which were previously made available through weekly bulletins, financial reports made available in the church hallway and hard copies of the Council Meeting minutes. In the absence of that opportunity for sharing, we will be posting information on the website. The spreadsheet below provides the actual financial information so far this year. Prior years’ information was available in the Annual Report that you would have received in January.
| April 2021 | Year to Date | |
|---|---|---|
| Total Contributions and Income for Budgeted Items | $13,461 | $48,357 |
| Expenses | ($17,309) | ($72,659) |
| Actual Deficit | ($3,848) | ($24,302) |
| Transfer from Keeping God’s House | $1,644 | $10,654 |
| Adjusted Deficit | ($2,204) | ($13,647) |
Total Contributions and Income for Budgeted Items during April were $4,288 less than the month of March. On a positive note, contributions to “Keeping God’s House” were up, totaling $6,445 for the month of April. This fund can be used for facility improvements and has, over the last few years, been used to offset utility/maintenance expenses during the month. Expenditures in the month of April were down slightly from March, partially because of lower costs for snow removal and electricity but also because the natural gas expenses were paid out of the PPP loan and not from operating budgets. This trend should continue for the next two months until the PPP loan is depleted. Please note that in this chart of the church financials, “Operating Deficit” is meant to be the deficit before transferring money from Keeping God’s House to cover utility and other maintenance type expenses. “Recorded” deficit is the deficit after use of the Keeping God’s House fund for those specific expenses. It is the strong hope of the Congregation Council that through the Stewardship Campaign and the return to in person worship, contributions will increase to reduce the continually increasing deficit.