REDEEMER LUTHERAN CHURCH
PROJECTED FINANCIAL REPORT
FOR THE MONTH OF JANUARY 2021
Our Operating Expense of $7,364.81 exceeded our Operating Income of $6,148.82 by ($1,215.99)
for the month of January.
Comparing Actual figures to Budgeted figures, which are based on the church being open:
Budgeted Operating Expense of $10,083.00 exceeded Actual Operating Expense of $7,364.81 by ($2,718.19). Budgeted Operating Income $10,083.00 exceeded
Actual Operating Income of $6,148.82
January 26, 2021
We ended 2020 with a small negative outcome. For the year, Operating Expenses of $111,645.93 exceeded our Operating Income of $110,527.12 leaving a negative balance of ($1,118.81). Several things to note is that since the church was closed, our expenses did not reach the budgeted amount of $126,204.00. Also, our offerings did not reach the $126,204.00, to cover our projected expenses. If we had our normal expenses of $126,204.00 with our Operating Income of $110,527.12, we would have ended our year with a negative balance of ($15,676.88). As we begin 2021, and, hopefully, open our church, we will have to take that shortfall into consideration when we prayerfully consider our giving. The good news is we do have $15,481.80 in our checking account, $7347.94 in the PPP account and $7,420.37 in our Thrivent Account.