Financial Update

Rutherfordton Presbyterian Church Budget Update

 

 

The following is an update on the General Fund budget and Our Future building campaign, as of March 1, 2020.

General Fund (Operating Budget)

Actual (03/01/20) Budget (03/01/20) Difference

Income $ 44,992 $ 54,190 - $9,198 (under projected income)

Expenses $ 48,306 $ 55,131 -$6,825 (under projected expenses)

 

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

 

Our Future (Building Campaign)

Pledge Goal $ 1,750,000

Pledges made $ 1,517,620

Pledges outstanding $ 232,380

 

Construction has been completed on the new Fellowship Hall, Kitchen, Nursery and Youth Classroom. We are now waiting for drier weather to enable us to complete the parking area and begin work on the landscaping. We are happy to report that from pledges received and our construction loan, we are able meet our financial commitments to our construction contractor, Clayton Construction Company. There will be outstanding items we wish to complete as funds become available which were not included in our original project cost estimate. These include additional audio/visual equipment, kitchen stove and hood, items for the nursery and children’s classroom and landscaping.