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May 2019 Financials

Church,


Please see below our May 2019 Financial Update:


1) May 2019 Financials


Things are really humming along, as we saw another stable month with revenue surpassing our projection. We now have enough data to get a good idea of what our average revenue and expenses will be. As we continue through the early stages of launching our church, we anticipate these numbers staying fairly stable. As we grow, in depth and in numbers, we will watch these numbers to see if they continue tracking positively with each other.


Some giving statistics:

· Revenue: $6,571 (projected $6,000)

· Average donation: $253 (+14 from last month)

· # of Giving Units: 26 (-2 from last month)

· Min: $25

· Max: $1,200


Click HERE to view our monthly financial documents on Google Drive.


2) Mission Fund


For the month of May, we only used $400 of our $3,347 Mission Fund:


· Family A received a $200 gift card to Publix for groceries because the primary earner lost their job


· Family B also received a $200 gift card for groceries because the primary earner lost their job


This means we have roughly $2,947 remaining from last month, which will be left in the Mission Fund and continue to accrue as future needs arise.


In addition, for the month of June, we have about $3,285 available (50% of our May revenue above). This brings our total Mission Fund balance to about $6,232.


Please note, our Mission Fund balance in our financial documents may be misleading because it still reflects funds which we have written checks for but have not cleared yet (usually caused by either a bank delay or the person has not deposited the check).

Thank you again for your love, prayers and support. If you have any questions, please don’t hesitate to send us a message!


- The Finance Team

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Lincoln's Beard

7360 SW 41st Street

Miami, FL 33155

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