April Overview –

Income -

Our total Regular Offerings in April were $50,490.33

This was $8,815.33 over budget for the period.

We received $2,300.00 in Rental Income at our Gatehouse location for the Korean Presbyterian Church as well as a seasonal parking lot rental. We also received our regular monthly rental income of $1,840.00 at our Windgate location for the Peachtree Children’s Centre.

Expenses –

Total Expenses of $59,565.91 were $1,559.46 under budget.

Ministry expenses were slightly over budget this month however, we were able to keep Building Repairs & Maintenance expenses low at both locations utilizing designated building funds rather than expensing items. Misc expenses as well as Missions expenses were kept under budget for the month as well.

General Funds –

We have reached our fiscal year end as of April 30th. Due to some unexpected expenses as well as some of our families moving out of province, we were anticipating a loss of $7,784.32 in General Funds for the year. With the generous donations we received through our Easter offering to finish in the black, we were able to end the year with a balance of $2,140.08.

Designated Funds –

For the month of April, we sent $200.00 to World Hope for the Recovery Centre as well as $500.00 to aid in the repair of the Wesleyan Bible College in Papua New Guinea that was damaged by fire in April.

We also received donations in the amount of $2,165.00 for our Roof Campaign.

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