Summary Financial Results

Income in August was $67,216 which was higher than both the budget of $54,100 and the prior year of $51,667. Expenses in August were $56,654 which were lower than the budget of $72,575. We had a surplus for the month of $10,562 and now have a surplus year-to-date of $19,431. The year-to-date benevolence spending is at 19.1% of receipts which is above our target of 18%. The mortgage balance, after the August payment of $2,270 (principal $576 and interest $1,694), is $354,035.