December 2020 Financial Update
Our overall giving (including Missional giving) in 2020 was up compared to 2019, even though our budget revenue came up just short of expenses.
We collected an additional $358,000 in Missional giving to help with pandemic-related needs for our community.
Giving to the budget through December 2020 (less PPP): $3,500,781
Budget Giving was down 1%
Budgeted expenses through December 2020: $3,526,525
Budgeted expenses were up 4% due to lack of income from revenue producing ministries because of the pandemic.
Without the PPP funds, we finished in an unfavorable 2020 YTD position of -$25,744
With the PPP funds, we are in a favorable 2020 YTD position of $536,942