Hanging In There
We’ve reached the halfway point in our church financial year and the good news is that we are basically on track. Our income year-to-date of $545,372 is $19,000 better than we budgeted, and our expense totals of $586,358 are $2,000 less than budgeted. Thus as of June 30, even though we are running a deficit of $41,000 for the year, we plan on a deficit at this point of the year and are $21,000 better than our budget plan.
The caution lies in a broader picture of our financial trends.