November 2021
FELC Members and Friends,
Here is a snapshot of the church’s finances as of October 31, 2021
Financial Update
| In the Month of October | Actual Year-to-date | Budgeted Year-to-date | |
| Total Operating Income | $24,372.56 | $257,955.02 | $281,250.00 |
| Total Non-Contingent Operating Expenses | $27,854.35 | $260,735.25 | $272,902.00 |
| Total Contingent Operating Expenses (Synod, Benevolence, Savings) | $0.00 | $701.56 | $6,551.00 |
| Net Income (Loss) | $-(3,481.79) | $-(3,481.79) | $1,797.00 |
Monthly Giving Income*
| Jan | Feb | Mar (Q1) | Apr | May | Jun (Q2) | |
| Unified, Current, & Benevolent Income (Giving income)* | $16,547.41 | $26,668.38 | $28,220.38 | $22,508.38 | $27,110.38 | 23,913.38 |
| July | August | Sept (Q3) | Oct | Nov | Dec (Q4) | |
| $24,989.69 | $37,042.38 | $21,855.38 | $21,248.38 |
*Our monthly budget for giving income is $26,250.
Income fell short of expenses for the month of October, and as a result, the church now has a year-to-date deficit of $-(3,481.79).
The church did maintain, however, a small year-to-date surplus at the end of Quarter 3 (Sept 30) of $701.56. Those Q3 surplus funds have been allocated in the following ways:
- Southwestern Texas Synod received $350.78 (50% of Q3 surplus)
- FELC’s Emergency Borrowing Fund (savings) received $175.39 (25% of Q3 surplus)
- The Benevolence Pool recipients were sent a total of $175.39 (25% of Q3 surplus), broken down in the following way:
- Micah 6 received $87.70
- Sunrise Homeless Navigation Center received $87.70
We will next assess our ability to make benevolence payments and a transfer to savings at the end of 4th quarter (December 31st).
With gratitude,
Erin McCracken
FELC Treasurer