October Financial Results

Income in October was $50,782 which was lower than both the budget of $72,100 and the prior year of $68,660. Expenses in October were $67,859 which were lower than the budget of $69,318. We had a deficit for the month of ($17,077) and now have an operating deficit year-to-date of ($11,165). The year-to-date benevolence spending is at 19.5% of receipts which is above our target of 18%. The mortgage balance, after the October payment of $2,270 (principal $636 and interest $1,634), is $352,821.