Financial Update – February 2010
God is blessing Crossbridge in many ways. There is a tremendously sweet spirit in our fellowship. Our weekly attendance is up 22% over last year at this time. Three-fourths of our adult attendance is in small groups. Our leadership team is growing and the number of attenders who support the church financially has increased as well. However, due to the economic times that we are in, our total giving is down about 25%, which is very significant to our operations. Our building fund gifts have decreased as well.
Please be in prayer for the families of our church as many have lost jobs and incomes have dropped. Also, please pray for the staff and the Pastoral Advisory Team/Elders as we seek to adjust our operations to enable us to live within our means. We trust God for His provision within our families and for our church as a whole. Let’s continue to pray and seek the Lord for His provision and guidance.
Crossbridge Church is Feeling the Effects of the Recession
The first half of 2009 was looking good for our general giving. However, the past few months have been very tight. In September alone we fell below our expenses by more than $14,000. We are watching our expenses very closely.
Our building fund giving has been dropping behind most of the year. We will need to re-address this issue by the first of the year. Please be in prayer for our church family as many have lost jobs or taken pay cuts this year. Also pray for our church ministries that God will continue to provide as He has so faithfully in the past.
Crossbridge Financial Update, by Glenn Smith
Many have asked how Crossbridge is doing financially in light of our current recession. We wanted to give you a quick mid-year update.
Our Pastoral Advisory Team and Staff anticipated some unforeseeable expenses with us moving into our new building this year. We also anticipated that many of our families would be affected negatively by the current economic situation. Because of that we trimmed back our budget from 2008 and set a very conservative budget for 2009. Our staff has done a good job of managing the financial resources within those limits. As a result, here’s where we stand as of June 30, 2009 (for the calendar year 2009):
Budget Year-to-Date: $275,675
Actual Income Year-to-Date: $315,851
Actual Expenditures: $288,195
As you can see our Operating Budget is in good shape. Another point of good news is that our renovation project at 1049 Eldridge Rd. came in right on budget thanks to the diligent oversight and management of Justin Phy, our Project Manager.
However, where we are feeling the impact of the current economy is in our Building Fund Commitments. Our Building Fund giving is behind our pledges as you can see here:
Pledges To Date: $795,300
