At the June 13 Town Hall meeting, the Pastor shared with the congregation the following summary year-to-date financial report provided by our business director.

May 2010 Summary Financial Report

If you have any questions about the report, please respond below (for a public discussion) or e-mail Pastor Greg (glovergl@gmail.com) or Ron Rockey (ron.rockey@thebridgewaterclub.com) with your questions.

In addition to this report, Pastor Greg pointed out the decline in year-to-date giving over the amount expected in our budget ($67,000 instead of $93,000, nearly $26,000 less than expected). Session, with the help of our Budget and Finance Committee and Business Administrator, will continue to monitor the situation closely and take necessary steps to address the imbalance.

Cash Flow Summary (prepared on the basis of the summary financial report above, by Elder Bill Clark):

Revenues

Offerings 67,747.50
5/12 of Large Gift 25,000.00
Daycare 95,641.00
Other 2,062.00
Missions 899.15

Sub-total 191,349.65

Transfer from Operating Fund 21,159.60

Total Revenues 212,509.25

Expenses

Total Church 127,036.99
Total Daycare 121,353.04

Total Expenses 248,390.03

Cash Flow (35,880.78)