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

                   Income-Expense Report—May 2018

                   Monthly Income vs. Expenses for 2018

                   Monthly Pledge & Loose Totals (2018)

An analysis of May’s income and expense totals shows that income was $869 under budget and expenses were $214 under budget resulting in a cash deficit for May of $272.  When combined with the previous 4-month surplus of $2,939, the surplus for this year through five months is $2,668.

In regard to income for May, we received a total of $9,900 in pledges over four (4) Sundays, which was $731 (6.88%) below the budgeted amount of $10,631 per month, while the loose offering received was about 114% of the budgeted figure ($571/$500).    For pledges and loose offering combined, we received a total of $10,471, which is about 5.93% below the budgeted amount of $11,131.  Revenue from fund-raising activities totaled $623.46 for May broken down as follows: Ambit Energy ($314.16), Hannaford Card sales ($278.30) and note card sales ($31.00).  This was above the budgeted amount by 33.4% ($623/$467).  For the year to date total, we are at 111% of the budgeted amount for five (5) months ($2,587/$2,333).

Rod Mason