Dear Wesley family:
Last month we provided you with a basic summary of our financial condition. We highlight a few things:
We have come through the challenges of Covid in a good financial position. So, What do we mean? : Giving income has come close to meeting our basic operational expenses!
We hope for a Christmas Season filled with blessings, gratitude, and generosity.
We are finalizing the draft budget for 2022. Of course, this is a process of making careful estimates based on the past, as well as expectations for the coming year. We are forecasting a small deficit of ($18,000). We believe we can meet this obligation together.
Our building needs some capital investment and repairs. We will need to raise capital funds in addition to operational funds (which fund the budget). As ever, generosity is our challenge and our calling!
Our collective gratitude and generosity sustained church operations and we have some savings because of granted funds under PPP1 and PPP2.
We have a mortgage liability on our church building.
In January, we will update you on how we closed our year financially, our giving, and goals for the coming year.
Thank you. We wish you blessings for the Christmas Season and thank you for your generous support of our many Wesley Ministries.
In Christ’s service,
The finance team