Congregational Updates

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  • Faith & Finances

    January - June 2014

    General Tithes & Offerings

    Month 
    2014 Budget 
     2014 Actual
    January  $ 94,130  $ 92,520
    February  $101,369  $ 89,998
    March  $129,630  $126,462
    April  $101,629  $100,330
    May  $ 90,104  $ 91,366
     June  $104,787  $107,725
    Total  $621,649  $608,401

    Tithes and offerings for the first six months of 2014 totaled $608,401, compared to projections of $621,649. Year to date, General Tithes and Offerings were $13,248 less than projected. The last three months, however, were very good and exceeded projections or were close to projections.

    Expenses, not including the $70,000 paid on the “roof” loan from the General Fund, totaled $574,816. The projected expenses for the first six months of the year were $609,638. While tithes and offerings were $13,248 less than projections, expenses were $34,832 less than projected. BCC did pay down the “roof” loan by $70,000 from the General Fund as approved at the last quarterly meeting. Even with this payment ($70,000), our cash position remains very good. We started the year with a $380,800 cash operating position and received $608,401, as indicated above, in General Tithes and Offerings. We have paid out $574,816 in expenses, plus the $70,000 loan payment which results in a June 30th ending cash position of $344,385. This is equal to 3.43 months of expenses. Praise the Lord!

    Giving to the Building Fund

    Month Offerings Given
    January  $ 4,145
    February  $10,483
    March  $ 9,550
    April  $ 8,582
    May  $ 9,362
    June  $12,205
    Total  $54,327

    The 1/1/2014 beginning balance in the Building Fund was $101,889. With the offerings to the Building Fund totaling $54,327, expenses of $12,729 and the $70,000 pay down on the “roof” loan from the Building Fund, we had a 6/30/14 ending balance of $73,487 in the Building Fund.

    NCP LOAN
    The “roof” loan had a beginning balance of $316,957.01 as of 1/1/2014. With the $140,000 pay down from the Building Fund and the General Fund plus our regular monthly payments the ending balance as of 6/30/14 was $157,631. Thus, this loan has been reduced by $159,326 since the first of the year. Praise the Lord! We are grateful to God for all that he has done through you.


    Click on the above DeP logo for read a Pledge Fund Update.

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