Our Current Financial Status
For the first quarter of the ministry year (August – October 2011)
s our country continues to work its way through difficult economic times, we are grateful for our church family’s continued generosity to the work God is doing through The Chapel. Your faithful
giving really matters as we continue to do all that we can to partner with God for spiritual transformation in the lives of people everywhere. Each of The Chapel’s ministries, local as well as global, are designed to not only meet people’s physical needs, but to help them experience a genuine life-changing relationship with Jesus Christ. This is the most important work to which we, as the people of God, can give ourselves. During the first three months of this ministry year, which runs from Aug. 1 through Oct. 31, our General Fund giving was $2,061,000. Our General Fund expenses for the first quarter totaled $2,321,000, resulting in a deficit (giving less expenses) of $260,000. Our first quarter shortfall is not surprising or unusual since several major ministries typically have higher start-up expenses in the fall.
GENERAL FUND GIVING (August– October)
Expenses (First Quarter) - $2,321,000
ANTICIPATED GIVING (August 2011- July 2012) Nov. and Dec. 2011 $2,350,000
Giving (First Quarter) - $2,061,000 Shortfall of $260,000
What Needs to Happen As we look ahead, our anticipated giving in November and December across all campuses totals $2,350,000, reflecting both normal monthly giving in addition to special year-end gifts to support the ongoing ministry of The Chapel. This number represents approximately 25 percent of our annual budget and is in line with our experience of recent years. Meeting our projected giving in November and December is of vital importance. It will help The Chapel move forward without any further reductions in ministries and/or in staff, on top of the major reductions we have already made over the last two to three years. As always, we trust God with every aspect of our church’s future and ask you to join us in praying his favor and provision as we seek to address these challenges.
Published on Dec 2, 2011