Monday, December 19, 2011
Financial Update – November 2011
Please reference Schedule A and Schedule B for a summary of the conference budget as of November 30, 2011. The total annual budget for 2011 is $3.5 million. The local churches support the conference budget through the CMF bill. Through eleven months, giving for CMF from local churches is $3.045 million, $158 thousand less than budget and $191 thousand less than the amount received as of November 30, 2010. With one month remaining, we project that December will, at a minimum, match the total of $318 thousand, received in December of 2010.
Expenses totalled $3.069 million and were $153 thousand less than budget and $190 thousand less than expenses at November 30, 2010. We project December expenses to be $250 thousand. If December projections for revenue and expense are on target, the Conference will produce a balanced budget for the year.
Deadline for 2011
All 2011 remittances must be received by January 13, 2012. Please make note of this date on your calendars and pass this date on to the person on your staff that handles remittances. Any funds received after that date will be applied to 2012.