Total income from all sources for the 2 months of 2023 = $68.5k
Total expenditure for the 2 months = $88.3k
Shortfall = -19.8k
The shortfall is attributable to the costs of installing heating and cooling in Christ Church in January.
Actual surplus for the 12 months is $40k. The “excess” surplus is because recruitment of an additional ministry person is slower than anticipated at budget-setting time.
Offerings for the full year were $418k which is $22k (5%) below what we had budgeted for the year.
Full details for 2022 will be included in the audited financial report to be presented to the church’s AGM in March 2023.
Details for 2021 were included in the audited financial report presented at the church’s AGM on 22 February 2022.
