Financial Update

Rutherfordton Presbyterian Church Budget Update

 

 

The following is an update on the General Fund budget and Our Future building campaign, as of November 30, 2019.

General Fund (Operating Budget)

Income Actual (11/30/19) Budget (11/30/19) Difference 2019 Annual Budget

General Giving $ 289,367 $ 279,090 $ 10,277(ahead of budget) $ 304,371

Expenses $ 272,080 $ 280,867 $ 8,787(under budget) $ 304,371

 

The General Fund budget includes all Church operations, including salaries, building maintenances and operating costs, Christian growth and nurture, worship, outreach and fellowship budgets.

 

*We are so thankful to God to report our Estimated Gift Giving cards received to-date for the 2020 General Fund budget: 63 cards totaling $ 240,502 towards our 2020 budget of $ 325,146.

 

Our Future (Building Campaign)

Pledge Goal $ 1,750,000

Pledges made $ 1,500,910

Receipts to-date $ 1,250,176

Pledges outstanding $ 250,734

 

We expect construction under the Clayton contract to be completed by the end of December 2019. Therefore, we need approximately $ 30,00 in campaign receipts in early 2020, to cover the end of contract costs. This includes our construction loan with the Presbyterian Investment and Loan (PIL) Group.