Year-End Financial Update

*Please note that the 2023 expenses listed above include a portion of the remodeling work on the Chapel, as well as a major purchase of new sound equipment which will be installed in the Worship Center in the near future.  The Stewards had approved using up to $30,000 of our reserve funds for these projects if necessary, but since our general fund income was sufficient to cover these costs without dipping into our reserves, they were taken from the budget.  This caused several line items to go over budget as well as our total expenses, but we are thankful that our general fund income was sufficient to fund these projects without needing to use the reserves that Stewards had approved.    

Missions fund:  Our commitments to missionaries for 2023 were set at $45,000, with $6099 of that amount coming from our budget and $38,901 the goal for income from designated missions giving and missions fundraisers.  We were $10,315.68 short of meeting that goal, but the difference was made up with some unspent funds in the budget of the missions team as well as some reserves in our missions fund from previous years.  All $45,000 that was committed for missionary support was sent.  

More detailed information about expenses for specific budget line items will be made available with the information packet for the upcoming budget meeting.  If you have questions about church finance, please feel free to call the church office anytime with your questions.