Six month General Fund
Updates:
As we witness God''s blessings in our recent retreat, both the pastoral team and
the joint boards would like to thank each of you for your faithful prayers and
financial support to the Church. Not only had we estimated a surplus from our
retreat, but our first six month General Fund has improved in giving
significantly: We have a net Income of $65k this year, and compare to a deficit
of $56k the same time last year. This is due to an increase of $58k from our
tithing and a decrease of $53k from payroll expenses. It is our goal to
maintain a 3-month reserve, or $300k in our General Fund, so that we could
operate the church smoothly. We are about 1/3 of this goal and currently we
have a balance of $94k in our General Fund. Thank you again for your
faithfulness and sacrificial giving. If you have further questions or comments,
please feel free to contact Mindy Ying, Treasurer, at mindy.ying@gmail.com,
Vincent Cheung, Vice Treasurer, at vincentc8@gmail.com, or
Richard Chang, Finance Deacon, at ssvvwnn@gmail.com.