January 2017 Income & Expense Report

 

Below are the average weekly numbers for JANUARY

 
ATTENDANCE = 110
GIVING = $3,396
 
The following amounts are needed weekly in order to move towards becoming self-sustaining
 
BREAK EVEN $3,230 
NEXT STEP $4,250
SELF SUSTAINING $5070
 
To learn all the details that go into these numbers, email finance@hopecovenant.church

BREAK IT DOWN:

If we had 110 people every week give of their financial resources to the church, how much money would each person need to give in order for us to meet the giving scenarios below?
 
$30 to Break Even
$38 to Next Step
$46 to Goal
 
If 110 people set aside $46 per week of their resources to give to the church, we would be able to fully live into the vision and the mission that God has laid on the hearts of the people at Hope Covenant Church. That’s pretty cool!!!
 
FUN FACT – about 42 households contributed to the TOTAL giving in January of $13,862. That averages around $330 per household last month.
THREE BUDGET SCENARIOS FOR 2017
Break even option is the current plan for weekly giving in order to meet current budget.
 

***Break Even***

CURRENT PLAN

$3230 Weekly Giving

$53,000 External Support
$168,000 Hope Weekly Giving
w/Interest only mortgage
 
TOTAL $221,000
 
Next step option is what we need in weekly giving minus external support to meet current budget.
 

***NEXT STEP***

WITHOUT SUPPORT

$4250 Weekly Giving

$0 ExternalSupport
$221,000 Hope Weekly Giving
w/Interest only mortgage
 
TOTAL $221,000
Goal is what we need in weekly giving to meet our current expenses, adding in full mortgage pmt.
 

***GOAL***

SELF-SUSTAINING

$5070 Weekly Giving

$0 External Support
$221,000 Hope Weekly Giving
+$42,660 P&I Mortgage Pmt.
 
TOTAL $263,660

One Response to “January 2017 Income & Expense Report”

  1. admin says:

    This is awesome! Way to go!!!

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