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Financial reports during 2020

The 2020 budget that was going to be presented to the congregation’s annual general meeting is shown in the table below.  But since all public worship services are now suspended indefinitely, many of the assumptions that went into the development of the budget are far less certain.

The Wardens and Parish Council will be regularly reviewing the situation closely.  We expect very little reduction in our costs because staff will continue to be employed.  On the other hand, income from sources other than offerings will be less.

PROGRESS TO END MAY

5 months January-May 2020
Total income (offertory+government grants+everything else) = $247,300
Total expenditure = $265,700
Difference = $18,200 shortfall
 

2020 BUDGET – KAC GENERAL OPERATIONS

(as would have been proposed for the 2020 AGM)
(BUT assumptions no longer valid)