Summary of the Treasurer’s Report on July 31, 2022

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Second Quarter 2022 Summary

Giving was $2M

• Down $95K when compared to Q2 2021 giving

Spending was $2.2M

• Down $217K when compared to Q2 2021 spending

Spending exceeded giving by $216K

• In Q2 2021, spending exceeded giving by $338K

Mortgages

Bethlehem Mortgage for North Campus

• $693K principal balance as of 6/30/2022
• Reduced by $210K YTD
• $36K of this reduction was from special designated gifts toward reducing our mortgage balances

Bethlehem Mortgage for South Campus

• $6.35M principal balance as of 6/30/2022
• Reduced by $99K YTD

Praise & Prayer

Praise

• For increased giving over Q1
• For increasing clarity of vision on transition
• For a faithful God who promises to provide for all our needs

Prayer

• That God would continue to give good gifts as we ask (Matthew 7:11)
  
  • Upbuilding, Encouragement, Consolation (1 Cor. 14)
  • Healing, Helping, Administrating (1 Cor. 12)
  • Leading, Giving, Mercy (Romans 14:1-23)
• Increased generosity so that campuses launched in 2023 will not have to start out in an unhealthy financial position

Additional notes and charts available in the PDF of the presentation.