FINANCIAL REPORT
 

     BUDGET – 2024 – $530,304     

APRIL/MAY 2024
 
BUDGET EXPECTATION                             RECEIPTS                                VARIANCE
      APRIL $53,500                                        $37,261                                    ($16,239)
       MAY   $43,000                                        $32,803                                    ($10,497)
     YEAR TO DATE                                      RECEIPTS                                VARIENCE
                                                                                          
 
     EXPENITURES                                    YEAR TO DATE                            Over/Under             
        APRIL $43,752                                                                                       ($45,127)
        MAY    $46,948

 

Due to the issues that have surrounded the Methodist church in the recent months, a longer view
of the gifting habits of the local church is in order. There may or may not be a connection
between the issues and the decline in local giving over the past two months, but there is an
ominous trend developing which could portend a revision in the goals of the Holiday Park
congregation.


April budget expectation was $53,500 while $37,261 was the total received, a variance shortfall of
$16,239.
May budget expectation was $43,000 while $32,803 was the total received, a variance shortfall of
$10,497.


Taken together, the budget shortfall equals $26,736. Overall giving for the five months has fallen
below last year’s total and also below the trailing five year average for the first time this year.
Complicating matters, church expenditures have exceeded receipts. April expenses were $43,752.
May expenses were $46,948. The bottom line is that the church has spent $45,127 more than has
been received in the past five months.

As a matter of course, the Finance committee will be reviewing these numbers and practices.
The congregation needs to be informed and responsive to these conditions. We cannot be
distracted from our core mission by defections or others possibilities and controversial issues.
The expectation is that Holiday Park Church will continue as it has. Now is the time to step up
and fill any voids in the wall of support.