Respectfully submitted by Karin Reinhold
With data and advise from Paul Frament
Treasurer’s Comments
- Love offerings are healthy and expenses were low in Aug.
- Expenses will go up afterwards with Nina working more hours, and hiring of bookkeeper and AV expert.
- We continue affirming that we are prosperous and we are in the loving hands of God.
- We are moving forward with working with Wayne Higdon and his team (Tatiana). The transition was delayed mostly because I got sick but now we have an account for QuickBooks online and Wayne and Tatiana are working on transferring our QB files into the online system. As of today, they said that there are lots of glitches in the process, but that our bookkeeping was done well.
Checking/Savings Aug 31, 2020
CAPCOM Checking $29,099.28
CAPCOM Money Market $11,953.58
CAPCOM SAVING $4,302.48
Total Checking/Savings $ 45,355.34
Investment: as of Aug 31
CDC Loan Fund $20,000.00 Community Loan Fund
Merrill Lynch $202,747.62
Total Investments $222,747.62
TOTAL ASSETS $268,103
