May Overview –

Income -Our total Regular Offerings in May were $45,048.18. This was $2,548.18 over budget for the period. We received $1,300.00 in Rental Income at our Gatehouse location for the Korean Presbyterian Church, as well as $1,100.00 for an annual parking lot rental and monthly rental income at our Windgate location for the Peachtree Children’s Centre was $1,840.00.

The overall income of $49,288.18 for the month was $2,548.18 over our budget of $46,740.00.

Expenses –Total Expenses of $56,649.97 were $1,350.15 under budget. Building Expenses were over budget at our Gatehouse location; however, expenses were kept under budget in almost all other categories.

General Funds –As May was the first month of our fiscal year, we began the month with a balance of $5,096.64 in General Funds. With our income $2,548.18 over budget and our expenses $1,350.15 under budget, we finished with a balance of ($3,742.66), which is $2,420.82 over budget for the month.

Designated Funds –For May, we sent $200.00 to World Hope for the Recovery Centre, as well as $200.00 for Mother’s Day for the clean water project.

To view the detailed statement, use the button below.

Regards,

Glenda Lush

Administrator, Cornerstone Wesleyan Church