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Monthly Financial Report for June 2020

Monthly Financial Report for June 2020

Financial Report for June 2020

PRAISE GOD For Another Great Financial Month at Lakeview!!

As you can see below everyone who calls Lakeview home did another GREAT job in June of following God’s lead to give generously. The month of June also did very well by having a net Income of about $28,900 and June Year-To-Date (Y-T-D) of approximately $32,300. As you can see below, our budget for June Y-T-D was expected to be a negative $21,900 based on past experiences but that did not happen due to our member’s generosity. 

The really important number to look at are the “Offerings Received” because this tells the real story about what our members have done through June by exceeding our budget by more than $10,000.  This shows that our Offerings Received is over 3.1% higher than our budgeted amount.  Hallelujah!!!!     Hallelujah!!!!   The report also shows that expenses through June Y-T-D running about $37,100 less than what we had anticipated. We know that some of this is due to the church being closed since March 16th but not this entire savings are due to the COVID-19 Virus. GREAT JOB Everyone!!

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 Zoom 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. Although the office is officially closed, there are a few people there to take prayer requests and to receive offerings through the North Staff Entrance door, just use the mail slot. So 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 6/30/20: Budget Actual
 Offerings received $336,672 $347,039
 Other income received $74,100 $80,584
 Total income received $341,226 $335,965
 Expenses paid $410,772 $427,893
 Income OVER/UNDER expenses by$21,912$32,338
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