Continuing to provide more information and transparency, this report updates the management of church resources and our ongoing efforts to project future budgets. There have been new pledges for 2023 adding $13,800 to pledged income. There were some budgeted expenses for this year that will not occur, including Summer Fun Camp and Peace Village. Therefore, we have had a small increase in projected income and some reduction in operating expenses which has resulted in a decrease in the anticipated 2023 budget deficit.
- Anticipated use of cash reserves is about $25,000 less than the projected $81,000. This is good news in the short term, but pledged income still does not cover church expenses.
- We have received about a third of the pledged income in the first quarter of 2023. However, pledged income slows down in the middle of the year.
- We do not have the annual income to develop and deliver all the programs we feel define our church.
Many of the planned expenses that are not happening this year will be in the budget for 2024, including Summer Fun Camp and Peace Village. There is a palpable increase in activity and engagement in this time of transition. We are looking forward to this translating into robust support for all of our valued programs and activities for the remainder of this year and for 2024.