September Financial Results

Income in September was $43,578 which was lower than both the budget of $57,100 and the prior year of $54,332.  Expenses in September were $57,098 which were lower than the budget of $62,607.  We had a deficit for the month of ($13,520) and now have an operating surplus year-to-date of $5,912.  The year-to-date benevolence spending is at 19.4% of receipts which is above our target of 18%.   The mortgage balance, after the September payment of $2,270 (principal $579 and interest $1,691), is $353,457.