The tables below show our overall financial condition as of the end of May 2014. Unrestricted general fund donations in May of $29,284 from churches and individuals were $32,189 below the $61,473 May budget for these types of unrestricted contributions. Expenses of $96,795 were $13,614 above the $83,181 budgeted for expenses.
June is the last month of our 2013-14 fiscal year. Your gift during this month is vital to helping us close out the fiscal year in positive territory and to give us a solid foundation as we enter the summer months and our 2014-15 fiscal year. Please read the special message from President Pipa elsewhere in this newsletter.
June is the last month of our 2013-14 fiscal year. Your gift during this month is vital to helping us close out the fiscal year in positive territory and to give us a solid foundation as we enter the summer months and our 2014-15 fiscal year. Please read the special message from President Pipa elsewhere in this newsletter.
Remember, gifts to GPTS are tax-deductible and may include cash, securities, property or a variety of planned giving instruments. See here for information about planning your last will and testament with the Kingdom of God in mind.
| GENERAL OPERATING FUNDS - MAY 2014 | |
| Donation Income (unrestricted) | $29,284 |
| Other Income | $8,043 |
| Total Income | $37,327 |
| Expenses | $96,795 |
| Net Income | -$59,468 |
| GENERAL FUND - FISCAL YEAR 2013-14 (corrected) | |
| Donation Income | $707,020 |
| Other Income | $244,963 |
| Total Income | $958,868 |
| Expenses | $950,452 |
| Net Income | $8,416 |
| CAPITAL FUND | |
| Capital Campaign Goal* | $3,500,000 |
| Received | $3,358,697 |
| Long-term Pledges Outstanding | 488,533 |
| Total Received and Pledged | $3,847,230 |
| Outstanding Obligations | $35,000 |
| Monthly Interest Payment | $2,800 |
| Remaining Mortgage | $610,917 |
