April Overview –

Income -

Our total Regular Offerings in April were $41,153.83.

This was $8,471.17 under budget for the period, as we anticipated an increase in our giving for the final month of the fiscal year.

We received $1,300.00 in rental income at our Gatehouse location for the Korean Presbyterian Church, as well as our monthly rental income of $1,840.00 at our Windgate location for the Peachtree Children’s Centre. We also received rental income of $180.00, as well as other income in the form of gift-in-kind donations, including 4 new tables for the Windgate location, for a total income of $44,061.96 for the month.

As we have reached our fiscal year-end, our total Regular Offerings for the year were $521,593.92, which were $6,718.92 over budget.

Expenses –

Total Expenses of $41,996.32 were $1,940.80 under budget.

Our total expenses for the fiscal year were $559,061.42, which were $1,280.92 over budget.

Expenses in almost all accounts were kept at or under budget for the year, apart from building expenses at both locations.

The unexpected replacement of a heat pump unit at our Gatehouse location, as well as under-budgeting for snow removal and 2 exterior building repairs at our Windgate location, were the greatest factors increasing building expenses for the year.

General Funds –

We began the month with a balance of $3,619.13 in General Funds and we finished the month with a balance of $5,096.64. This is $918.00 greater than our budget of $4,178.64 for the end of the year.

Designated Funds –

For the month of April, we sent $200.00 to World Hope for the Recovery Centre, and we have a total balance of $22,025.93 in our roof repair fund.

To view the detailed statement, use the button below.

Regards,

Glenda Lush

Administrator, Cornerstone Wesleyan Church