September giving dropped to a very low $4,222. Our General Fund balance is down but still a very healthy $5,965.
A couple of things happened that need special explanation. First, the congregation voted to transfer $2,500 of the General Fund to renovation so we could start on the new kitchen. This $2,500 is shown in the budget table as a building maintenance cost. Second, a holding fund has been initiated. The "Holding Fund" is merely an account category to manage our non-monthly expenses like property tax. The General Fund balance still represents all the money in the General Fund. The "Gen. - Hold" balance of $4,265 represents more accurately the money available for monthly expenses.
In addition to the $2,500 from the General Fund, the Renovation Fund recieved $250. Together they bring its balance to $5,556.
To see the complete report for 2015, follow the appropriate link below.
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Reports submitted by Eric Miller, QHCC Treasurer.
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