June Financial Snapshot

While it appears we are right on track with our budget as mentioned last time, it is important to point out that if we meet our expected revenue at year-end, we are still facing a deficit of at least $120k. This assumes our expenses are on plan. The plan for this year was to take advantage of a healthy operating reserve of $257k to absorb the deficit, while giving us time to determine the right staffing configuration and new revenue ideas for a changing faith landscape. Two areas we have addressed are the facility staffing needs with a hiring of another FT custodian and adding a PT finance assistant to allow Jennie Moffitt to focus full-time on the front office needs. As we head into the fall, look for new developments in our overall strategic plan.