Financial Update

Rutherfordton Presbyterian Church Budget Update

 

 

The following is an update on the General Fund budget and Our Future building campaign, as of September 30, 2019.

General Fund (Operating Budget)

Income Actual (10/01/19) Budget (10/01/19) Difference 2019 Annual Budget

General Giving $203,022 $224,827 $300,771

Investment/Other $ 15,848 $ 2,700 $ 3,600

$218,870 $227,527 -$ 8,657 $304,371

 

Expenses $217,619 $231,348 +$ 13,729 $304,371

 

The General Fund budget includes all Church operations, including salaries, building maintenances and operating costs, Christian growth and nurture, worship, outreach and fellowship budgets.

 

Pledge Goal $1,647,000

Pledges made $1,491,518

Receipts to-date $1,153,447

Pledges outstanding $ 338,071

 

We expect construction under the Clayton contract to be completed in December 2019. Therefore, we need additional receipts of $180,000 to cover the end of contract costs by December 2019. This includes the $500,000 construction loan with the Presbyterian Investment and Loan (PIL) Group.