November Financial Results

Income in November was $54,786 which was lower than both the budget of $78,100 and the prior year of $74,626. Expenses in November were $58,898 which were lower than the budget of $61,246. We had a deficit for the month of ($4,112) and now have an operating deficit year-to-date of ($15,277). The year-to-date benevolence spending is at 19.7% of receipts which is above our target of 18%. The mortgage balance, after the November payment of $2,270 (principal $584 and interest $1,686), is $352,237.