Financial Update: January 1-July 31, 2016

Financial Report January 1-July 31, 2016

 Actual for Period% of Amount Budgeted
Contribution Income:$177,91494.9%
Total Income:$205,93893.8%
Total Expense:$176,29480.3%
Net Income:+ $29,644
Financial Update: This summer has been very unique. This net income includes a large payment from our insurance company to cover damages done by a water leak several months ago. Final repairs to the restrooms should be completed in the coming month-funds now available to cover expense.
The positive net income also includes donated funds for the church organ maintenance / repair - also to be paid for in the coming month. The remainder of the surplus comes from the five months we were short on staff.
Thank you so much for your faithful giving. If you have any questions regarding the budget or expenses, please contact Don Watson, treasurer.