Treasurer Report
After four months or 33% of the fiscal year, we have received total revenues of $238,896 which represents 42% of the revenue budgeted for the year. That is about 1% more than we had received in the first four months last year.
Our current year pledge receipts after four months were $152,810 which equals 37% of the amount budgeted for the year. However, this is about 14% less than our pledge receipts in the same time period last year. After four months, we have also received 76% of the amount budgeted for the year for unpledged donations, which is about 78% more than the amount received in the same period last year. Also, our Social Action Collections for the first four months are nearly twice as large this year as last year.
After four months our total expenses were $198,727 which represents 35% of our annual budgeted expenses. This is about 30% more than we had spent in the same time period last year. For the four months combined, our revenues exceeded expenses by $40,169. This is slightly less than one half the net income we had at the same four month period last year. For just the month of October, revenue exceeded expenses by $8,652.
At the end of October our church bank accounts, after taking account of outstanding but not yet cleared checks, was $206,508.
At this point we continue to appear to be in good financial shape. However, we will want to watch carefully our pledge receipts and our overall expenditures in the next few months to determine our continuing financial position.
I also want to remind everyone that if you plan to donate stock to the church before the end of the calendar year, remember that it takes several weeks to complete that transaction. The proceeds from stock transfers often come to the church without any donor identification on them. Therefore, if you intend to donate stock to the church, please complete a stock transfer form, available at the church office, in advance of the donation, so we may properly credit your account.
Finally, I want to mention how pleased I am that Jamie McReynolds has accepted the position of Temporary Controller and that Larry Briggs has taken over the position of Pledge Tracker.
Doug Webbink, Treasurer