On June 27th, the board and then congregation met to review the financial activities of the prior fiscal year (which ended June 30th) and approve a ‘balanced’ budget for the upcoming year.
Last year was a challenging year financially with church budget donations some $30,000 less than budgeted. Obviously, this impacted the funds available for church ministries and consequently that spending was reduced. Nonetheless, we ended the fiscal year with a $3,600 net increase in church budget funds thus reducing a deficit from prior years to a remaining deficit of about $14,000.
Going forward, our church budget was adjusted for this giving trend and we look forward to another fiscally responsible year. Please remember our church budget in your giving as it is through these funds that the operations and ministries of our local church is sustained.
In addition, we continued to make reductions in the NDAA mortgage although the donations received last fiscal year were also below that budgeted. While the school enrollment is increasing and there are plans for an increasing portion of the mortgage payments to be borne by the school over the next few years, we still have in the near term the mortgage obligation that requires our prayers and financial support.
May God continue to Bless each of us as we continue to grow in Christ.
Ed Turner, Treasurer
Richardson Seventh-day Adventist Church