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Financial Report for August 2020

Financial Report for August 2020

PRAISE GOD  That Lakeview UMC is Positive for the Month of August BUT ALSO Through August Year-To-Date

As you can see below Lakeview UMC is positive for August Year-to-Date (YTD), but what you cannot see is that the month of August was also positive.

There are a couple of factors that need further explanation. First I want to praise all our members who came through in the month of August. While August giving by our current members was not quite what we needed, we did get help over the last several months from members who graduated to the Lord. In settling their estates, some of these members have left some nice bequests through their Wills. (We have encouraged all of our members to remember Lakeview United Methodist Church in their Wills, even if it is a small or a great amount, everything helps.)

The last couple of months Lakeview giving has been down and these extra amounts have really helped keep our heads above water. So even though we REALLY, REALLY miss these  people, they were able to continue to give to Lakeview through their Wills. 

Also as most of you probably have heard of the Paycheck Protection Program Flexibility Act (PPP) which provides money to businesses and churches to help meet payroll during these difficult times. It is considered a Loan, but Pastor John has checked and he was assured that this money will not have to be paid back.

This money has also helped keep payroll paid on time during the last several months, this money is now gone and we are back to relying on our members to supply the needs of the church.

As we stand right now, we still have some cushion from previous giving but we need to continue to pray and ask God to continue to encourage everyone to give what they can afford to give.

I can hardly wait until we all can be back together again, until then continue to make phone calls to check in on others, attend Sunday Mornings on YouTube and use Zoon to attend bible studies that we have Monday through Thursday and Sip-N-Chats that happen every night (except Sunday)  at 5 PM on Zoom.

Please continue to pray for God’s guidance, give what is in your heart to give, and we will get through this with God’s help.

God’s Blessings to All, Eli Reeves, Finance Chairperson

Financial Report
 Year to date as of 8/31/20: Budget Actual
 Offerings received $421,325 $422,525
 Other income received $98,800 $211,196
 Total income received $520,125 $633,721
 Expenses paid $575,712 $517,591
 Income OVER/UNDER expenses by$55,587$116,130
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