We have started the year in a strong position financially. Robust early pledge payments have primarily driven this. While the church has fortunately been able to move closer to full reopening faster than our conservative budget planned, this has not significantly impacted our finances. But it is suitable for many other reasons!
All information below is as of March 31.
Budget, Income, and Spending
Our income is $149,804, about 5% above budget for this point in the year. Expenses are $134,124, about 1% above budget for this point in the year. Overall, this means we have a net income of $15,680, about 58% higher than we budgeted for this point in the year.
Assets and Liabilities
Asset balances add up to $240,838, a slight increase from the end of 2021. This does not include the money in our endowments and trusts. Total liabilities are $206,996, a slight decrease from the end of 2021. Overall, we have $33,841 in net assets, including our $15,680 in net income and $18,161 in net income from previous years.