FINANCIAL CONNECTION: As we work to keep you, the church family, updated on our finances, we continue to see both blessings and challenges. Please continue to pray and give as God leads.
November’s financial summary: This is our 9th month of the annual budget year that runs from March 2020 to February 2021. Your Finance Team and CLT is monitoring the church’s finances closely during these days of uncertainty. As ministries are trying to launch in creative ways, we find that our expenses are not as high as expected, giving us some space in our budget. Income is down on average 13% per month, and, as mentioned, our expenses are down as well. We currently have $28,883 in the checkbook and additional reserves in a savings account. Our funds to our District, World Evangelism Fund, Pensions and Benefits, and Educational are all paid in full as agreed. We have no outstanding bills. We continue to pay down our construction loan and currently owe $388,481. Our original loan amount was $550,000. We thank you for your continued financial commitment; it is a testament to what God is doing in and through us.
We have just begun working on next year’s budget. Please keep the Staff, Finance Team, and CLT in your prayers as we work to project a solid, balanced budget going forward.
Our Pastor, CLT, Treasurer (Joey McCoy), and Finance Team welcomes your questions and feedback. Please email the Finance Team at firstname.lastname@example.org to start a conversation.
Besides the financial report, some have asked about getting minutes of CLT meetings. To request a copy of past approved CLT minutes email email@example.com