As we close the books on 2018, we wanted to share a financial update with the congregation. In many ways, 2018 was a year to celebrate God’s provision financially at Calvary. Below are a few highlights:
The mortgage was paid off and the Good Samaritan Fund was endowed through a generous estate gift of $3,729,000.
We were able to increase our operating capital to the top end of our approved limit (3 months) by the end of 2018.
Our total expenses for 2018 were 10% under budget. This came without the assistance of the mortgage retirement gift and mortgage payoff.
Our total expenses for 2018 were also 3% lower than our total expenses for 2017; again, without the assistance of the mortgage gift.
We ended the year with a surplus of $228,116.
Even though pledged giving was down 18%, our non-pledged giving was up 76% for an overall reduction in giving by 3.5% from 2017.
Please take a moment to thank God for a good financial year for Calvary. Pray also for continued ways to partner together through the ministry of generosity to bless those in the community and around the world in the name of Jesus.