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Monthly Financial Report May 2020

Monthly Financial Report May 2020

Financial Report for May 2020

PRAISE GOD For Another Good Financial Month at Lakeview!!

As you can see below everyone who calls Lakeview home did another GOOD job in May of following God’s lead to give generously.  Although we had a small loss in the month of May of $3,062 negative we continued to have a positive for May Year-to-Date (YTD) of $3,485.  Another reason this is so great is because based on past experiences, we were expecting May YTD to be about $19,900 negative, but that did not happen due to our member’s generosity. 

The really important numbers to look at are the “Offering Received” because this tells the real story about what our members have done through May.  This shows that our Offering Received is only about 6.5% below what we budgeted for May YTD and that is good because last month it was over 7%.

The report also shows that expenses through May are still running a little over $28,700 less than what we had budgeted and 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 am pretty sure that church will not be open by the time this report comes out in the July Newsletter but it is still important to continue to either MAIL, use electronic giving over the website or bring your offerings to the church  office. Although the office is still 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 5/31/20: Budget Actual
 Offerings received $279,476 $262,396
 Other income received $61,750 $73,569
 Total income received $341,226 $335,965
 Expenses paid $361,170 $332,480
 Income OVER/UNDER expenses by$19,944$3,485
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