March 2022 Finance Snapshot General Fund (GF) Total GF Revenue Available 3/31/2022 YTD: $135,078.07 Total GF Revenue Budgeted through 3/31/2022: $117,473.22 Total GF Expenses Paid through 3/31/2022: $107,570.34 Total GF Expenses Budgeted through 3/31/2022: $122,895.33 Notes on General Fund Except for Conference mission shares (world and New England missions), we are current on payments due in March. In March we used a $300 donation given for missions and expect to pay $10,000 more using a bequest from Bill Hebel in April or May. We continue to be cautious in spending to ensure we can meet expenses on time. Heart of Nashua 1 & 2 (GiF) & HON Cont. (Capital Campaign/Elevator, Connector, Renovations) - Balance due on HON Loan as of 3/31/2022: $129,080.31 (Loan was $358,343.45) - In March the monthly payment of $883 was paid as well as $500 on the principal. HON Cont. funds on hand 3/31/2022: $10,703.16. - Loan pay off date is 2/8/2039. - Total Paid (including interest) Using HON 1, 2 & Continued as of 3/31/2022: $1,909,849.89 Funding for the Future, 100 for $150 (Endowment) – Received this year as of 3/31/2022: $1110 Anyone can be one of 100 people or families giving $150 (or any amount) each year to grow our endowment for the future of this church. Parsonage Mortgage – As of 3/31/2022 we owed approximately $61,000 on the parsonage. The parsonage mortgage will be paid off on 1/23/29. At the end of March, we received a $200 donation toward paying down the parsonage principal. This will be used when we make the April payment. Thank You Thanks to all who support this congregation by their prayers, service, participation and financial donations. Thank you to David Quimby for training and testing our members in food service at no charge to the church except for the tests which had to be purchased. In March, another pledge was paid in full for the year. Work has been started on the organ. Donations from members and from the Bill Hebel estate will pay for the organ repairs. Recent and Current Expenses Our church has seen recent electrical work (exit signs) and plumbing (back flow). The organ and piano were tuned. Printed mailing envelopes were purchased. Utility and other regular bills continue to arrive. |
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