Treasurer’s March 2020 Report to Congregation

by Ron Clark, Disbursing Treasurer, rclark1040@gmail.com

 

Budget Report 3-2020

To view the March Budget Report (budgeted income and expenses), click here.

Our year-to-date pledge collections total is $212,211 with an annual budget of $248,558. That’s 85.4% collected during the nine months of this fiscal year, with 75% as the March target. Pledge collections of $9,385 for March were about $6,500 less than February and about $12,700 less than January.

Year-to-date expenses are well under budget at $195,430, or 72.5% of their pro-rated 75% target for March.

Netting out total income from all sources and expenses, expenses exceed income for the month by $8,425. However, income exceeds expenses by $28,826 for the year.

Outside the operating budget March’s pass the plate collection included $1,106 for the Minister’s Discretionary Fund, $923 for the Kearney Center and $126 for the Oasis Center for Women & Girls.

The downturn of the stock market resulting from the COVID-19 pandemic has adversely affected our endowment fund accounts. The market value of these investments has decreased by more than $81,000 since July 1, 2019. However, part of this decrease was due to withdrawing about $5,850 for the minister’s installation and ordination ceremonies in December 2019.

Respectfully submitted,
Ron Clark
Disbursing Treasurer