Financial Matters
The financial status as of 3/31/08 was
YTD Actual YTD Budget
Total Church Offerings $ 25,582 $ 26,320
Total Revenues $108,187 $ 75,708
Total Expenses $ 52,759 $ 87,456
Net Total $55,428 ($11,747)
The budget vs. actual expenses amounts for 2008 differs due to not having the anticipated Youth Pastor. March looked better than February after we receive the quarterly earnings from our two trusts (Hanson & White). While the payout was much greater than anticipated for the first quarter, the rest of the year may be less that anticipated. The Hanson, White, Reed Trust statements for the 1st quarter shows a drop of nearly a million dollars in trust assets. We also received the first payout for the Reed Trust of $50,000. This is why the total revenues YTD are high.
Note: Please be aware the three trusts mentioned above are controlled by an outside fund administrator not associated with the Church and these funds are not the same as our Memorial Trust funds that are managed by the Church’s Memorial Trust Board.
Your continued financial support and prayers for 2008 are deeply appreciated.
-Howard Carlisle
Stewardship Chair