|
November 2023 YTD |
Revenue |
Expense |
Net Income/(Loss) |
|
Actual |
$297,529 |
$276,463 |
$21,066 |
|
Plan |
$273,150 |
$274,067 |
($917) |
Through November, pledge giving is almost $16,000 ahead of our plan, while non-pledge giving is about $1,000 below. Rental donation receipts are $9,500 better than our plan due to increased use by outside groups and facility use payments from COH Preschool. Overall, total receipts are $24,000 better than expected.
While year-to-date expense is just slightly worse than planned, there have been some significant swings within a couple of areas. Property expense is now worse ($8,200) than budget driven by higher costs for utilities, maintenance and repair, and cleaning services. Staff costs are higher ($3,000) due to increased activity. Offsetting this are lower-than-planned expense for Pastor’s auto and continuing-ed allowance of $3,200, call-related expense of $3,000, and a decision to hold on extra mortgage principal payments for now of $5,000.
On balance, Revenue less Expense is somewhat more favorable than we had planned at this time. And while December revenue can be hard to predict, we believe we will end the year with a surplus. We are planning to make an extra mortgage principal payment of $4,000 in December. Thanks be to God for the generous support of the Esperanza community.