August 2020 Financials
Church,
Please see below our August 2020 financial update:
1) August 2020 Financials
Revenue for the month of August was $5,039 (-$2,182 YoY*), which is less than our yearly average but consistent with a usual drop in the summertime. We anticipate a slight decrease in revenue over the next few months.
Click HERE to view our monthly financial documents on Google Drive!
*YoY stands for “Year-over-Year”, which is used to compare how we did this month with the same month last year.
2) Mission Fund
As of the end of August, we have about $18,000 available in the Mission Fund. We attribute this large balance to a combination of factors, including, (1) an increase in our year-to-date revenue, (2) a decrease in our monthly expenses, (3) government stimulus and (4) lack of activity as we quarantine and stay socially distant during the pandemic. Nevertheless, we encourage our Missional Community groups to explore creative and safe ways to serve our neighborhood, knowing that we have this Mission Fund available to help.
If you have any ideas or questions, please contact us, your Missional Community leader or Pastor Eric.
Take care,
The Finance Team