July Overview –

Income -

Our total Regular Offerings in July were $44,208.53.

This was $2,583.53 over budget for the period.

We were able to finish the first quarter of the fiscal year with our offerings over budget for all 3 months.

We received $1,300.00 in rental income at our Gatehouse location for the Korean Presbyterian Church as well as a $1,000 payment for an annual parking lot rental and $100 in rentals for meetings.

We also received our monthly rental income of $1,840.00 at our Windgate location for the Peachtree Children’s Centre.

Our overall income for July was $3,583.53 over budget.

Expenses –

Total Expenses of $39,200.36 were $585.11 over budget.

Notable expenses kept well under budget for the month were Allowances and Office Expenses.

There was a small overage in building expenses at both locations for under budgeting utilities at Gatehouse as well as expenses for fire inspections at both locations.

General Funds –

We began the month with a balance of ($793.92) in General Funds. Due to exceeding our budget in General Offerings and keeping most of our expenses to a minimum, we finished the month with a balance of $8,454.25. This is $6,735.37 greater than our budgeted amount of $1,718.88 for the period.

Designated Funds –

For the month of July, we sent $200.00 to World Hope for the Recovery Centre.

We also received $2,775.00 in donations for our roof project.

Please let Glenda know if you have any questions about the financial report.

To view the detailed statement, use the button below.

Regards,

Glenda Lush

Administrator, Cornerstone Wesleyan Church