The financial report for May consists of the following Excel spreadsheets (attached):

                   Income-Expense Report—May 2019

                   Monthly Income vs. Expenses for 2019

                   Monthly Pledge & Loose Totals (2019)

An analysis of May’s income and expense totals shows that income was about $1,338 under budget and expenses were $1,180 over budget resulting in a cash deficit for May of $2,668. Of the $1,180 overage in spending for May, $1,043.28 (88.41%) of it was due to a double payment for pension expense caused by a delayed payment of April’s pension assessment. For the year to date our operating income is $5,870 over the budgeted amount for five months and our operating expenses are $1,596 over budget resulting in a cash surplus thru the first five months of 2019 of $2,024.

In regard to income for May, we received a total of $9,347 in pledges over four (4) Sundays, which was $916 (-8.93%) below the budgeted amount of $10,263 per month, while the loose offering received was about 103.6% of the budgeted figure ($604/$583). For pledges and loose offering combined, we received a total of $9,951, which is about 91.74% of the budgeted amount of $10,847.  Revenue from fund-raising activities totaled $312.55 for May, all from Hannaford Card sales.  This was below the budgeted amount by 32.33% ($316/$467).