Financial Update

Tithe: The Biblical principle of tithe comes from the Old Testament, where Abraham paid tithes to Melchizedek (Genesis 14:20; Hebrews 7:6); and Jacob vowed unto the Lord and said, "Of all that you give me I will give you a tenth" (Genesis 28:22). The word “tithe” means “tenth.” The tithe has a reference to ownership, that we return to the one who owns everything a portion of what he has given to us. The Bible talks about the neglect of this duty, where it was sternly rebuked by the prophets (Amos 4:4; Malachi 3:8-10). It cannot be affirmed that the Old Testament law of tithes is binding on the Christian Church, however, the principle of this law remains, and is incorporated in the gospel (1 Corinthians 9:13-14); and so our motivation that compels us to be generous givers, as followers of Christ, is greater now than in Old Testament times; as Christians, we should go beyond the ancient Hebrew obligation in consecrating both ourselves and our possessions to God. Tithing becomes part of our worship to the Lord.

Offering: Giving above and beyond the tithe is considered an offering. The Bible doesn’t command us to give offerings, but it does encourage us to give generously, and offerings—since they aren’t required—reflect the generosity in our hearts. Until the tithe is met, an offering cannot be given.

Projected budget
March 2020-February 2021:  $884,701.77
Needed for Month–October  $73,725.16
Giving for October $62,874
Expenses paid in October $67,274.94
 
Needed Year to Date $589,801.18
Giving Year to Date $560,813.43
Expenses Paid Year to Date $548,195.50

Shares for Others Paid Year to Date
World Evangelism Fund $29,986.97
Pensions & Benefits $12,654.66
Education $12,654.66
District Ministries $23,443.83

Projected budget
March 2020-February 2021:  $923,593
Needed for Month–August  $76,966
Giving for August $69,372
Expenses paid in August $63,444
 
Needed Year to Date $384,830
Giving Year to Date $427,708
Expenses Paid Year to Date $497,080

Shares for Others Paid Year to Date
World Evangelism Fund $26,613
Pensions & Benefits $10,885
Education $10,885
District Ministries $19,351

Projected budget
March 2020-February 2021:  $923,593
Needed for Month–August  $76,966
Giving for August $63,010
Expenses paid in August $68,017
 
Needed Year to Date $384,830
Giving Year to Date $427,708
Expenses Paid Year to Date $41,477

Shares for Others Paid Year to Date
World Evangelism Fund $23,057
Pensions & Benefits $9,430
Education $9,430
District Ministries $16,765

Projected budget
March 2020-February 2021:  $923,593
Needed for Month–July  $76,966
Giving for July $70,205
Expenses paid in July $70,756
 
Needed Year to Date $384,830
Giving Year to Date $364,698
Expenses Paid Year to Date $349,460

Shares for Others Paid Year to Date
World Evangelism Fund $19,509
Pensions & Benefits $8,010
Education $8,010
District Ministries $14,240

Projected budget
March 2020-February 2021:  $923,593
Needed for Month–June  $76,966
Giving for June $62,028
Expenses paid in June $71,372
 
Needed Year to Date $307,864
Giving Year to Date $294,440
Expenses Paid Year to Date $278,704

Shares for Others Paid Year to Date
World Evangelism Fund $16,295
Pensions & Benefits $  6,666
Education $  6,666
District Ministries $11,709

Projected budget
March 2020-February 2021:  $923,593
Needed for Month –May $76,966
Giving for May $78,014
Expenses paid in May $65,575

Needed Year to Date $230,898
Giving Year to Date $232,911
Expenses Paid Year to Date $207,333

Shares for Others Paid Year to Date
World Evangelism Fund$12,708.62
Pensions & Benefits$5,196.94
Education$5,196.94
District Ministries$9,239.00