The Finance Team is monitoring the overall financial position of the church, our projections of annual giving, and revisions to the 2020 spending plan. Please click on the button below to access the 8.13.20 update.
8.13.20 FINANCIAL UPDATE
In light of the potential impact of the COVID-19 pandemic, the Finance Team, Church Council, and Staff created a plan to address the potential contribution shortfall due to the economic uncertainty. The assumptions and steps taken were as follows:
If you would like more details on how the year is progressing, please see the metrics below.
Thank you for your continued faithful giving. Should you have questions or concerns please feel free to contact Steve Mulhollen at firstname.lastname@example.org.
Approximately 1/3 of contributions come in the fourth quarter of the year. Due to the potential impact of COVID-19 on our economy, we have revised our budget to ensure that we can sustain a 15% reduction in giving in the fourth quarter of this year.