July Overview –

Income

Our total Regular Offerings in July were $41,612.15. This was $887.85 under budget for the period.At the close of our first quarter of the fiscal year, our total Regular Offerings were $127,148.45, which is $351.55 under budget.

We received $1,300.00 in rental income at our Gatehouse location for the Korean Presbyterian Church, as well as $1,840.00 at our Windgate location for the Peachtree Children’s Centre.

Expenses

Total Expenses of $39,153.43 were $2,841.97 under budget. Expenses in almost all categories were kept at or under budget for the month. Due to this, we were able to maintain a surplus in our overall General Funds compared to the budget for the year, even though our income was under budget.

General Funds

We began July with a balance of ($5,705.58) in General Funds and finished the month with a balance of ($106.86). This is $2,914.19 over our budget of ($3,021.05) for the period.

We are budgeted to reach a surplus in General Funds on our August statements and maintain it for the rest of the fiscal year, provided we meet our targets.

To view the detailed statement, use the button below.

Regards,

Glenda Lush

Administrator, Cornerstone Wesleyan Church