Respectfully submitted by Karin Reinhold
With data and advise from Paul Frament
Treasurer’s Comments
- Regular love offerings were somewhat down, but we received special one-time generous donations in April ~ 10K + 2K
- We are spending more than projected numbers from 2020 budget. This month we made 2 health payments for Crystal (last one in July) and for Roger (April and May) and Steve’s relocation expenses.
- We still haven’t paid the tithes
- Our investments were reassessed, and we’ll keep a conservative strategy.
- Sources of expenses to account for:
–We need to pay our tithes for Jan, Feb. , Mar. & Apr. We are in good financial position to be able to do that.
–Hiring of a new bookkeeper and office assistant.
- A reduction of expense: June will be the last payment for health insurance for Rev Crystal (July invoice).
Investment Update
- Our investments increased last year with a bull market. Right now we are experiencing the opposite:
–Original investment was $180,000 (5 years ago)
–Balance Feb 2020: $ 195,596.56
–Balance Mar 31, 2020: $184,344.66
–Balance Apr 30, 2020: $191,871.95
Dividends: $362.53
During April the account gained $7,527.29 due to market bouncing back a bit.
Assets
Checking/Savings
CAPCOM Checking $ 34,794.81
CAPCOM Money Market $ 11,947.44
CAPCOM SAVING $ 4,301.76
Total Checking/Savings $ 51,044.12
Investment:
CDC Loan Fund $20,000.00 Community Loan Fund
Merrill Lynch $191,871.95
Total Investments $211,871.95
TOTAL ASSETS $262,916.07
CHARTS
