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 |