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Finance

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Financial Update: Fiscal year to date through June 2008

Contributions for June are $401,676; this is 39% under planned giving of $658,654. Fiscal year to date contributions are $5,493,361; this is 21% less than planned giving of $6,981,731.

All ministry and operational areas continue to reduce spending due to the decrease in contributions. Fiscal YTD operational spending is $4,406,780, leaving a deficit of ($286,759) compared to operational contributions.

Outreach expenses for June include $60,000 to Habitat for Humanity; July expenses will include $60,000 for the summer Habitat build.

This ends the 2008 fiscal year. Audited financial statements will be available for review in September.

 

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