April 2021
Dear Church Family,
The Finance Committee is pleased to report that the financial position of the church remains strong through the first three months of 2021! Through March 31 giving to the Unified Budget is essentially even with the same period last year at $120,000. First quarter expenses were at $105,000, for net revenue over expenses of $15,000. This helped increase our Unified Budget Fund Balance to a healthy $109,000 at the end of March. Your continued support for the Unified Budget is appreciated and keeping the important work of the church moving forward!
In the early uncertain days of the pandemic FUMER applied for and received a loan under the federal government’s Payroll Protection Program (PPP) provisions applicable to churches. The church’s Treasurer, Linda VanDenBerg, spent long hours on the paperwork with our bank to make this happen. As a result of that hard work, we recently received written confirmation that this loan has been completely forgiven! It does not have to be paid back! This is especially good news because it is proving critical in keeping Small Blessings Childcare afloat during the pandemic.
Although a ministry of FUMER, the daycare is not directly supported by the Unified Budget. It has use of the building but charges tuition to cover its other expenses which consist primarily of wages. Though it has remained largely open during the pandemic as an essential service (especially for children of parents on the front lines) its operations have been ravaged in terms of enrollment, attendance, staffing, and accounts receivables. Therefore, this PPP grant has been a godsend in keeping its operations in the black. While these additional funds help keep the doors open, please continue to pray for the director, teachers, children, and families of Small Blessings during this difficult time.
We continue to be amazed at the way God provides for the ministries of First Church! It looks like 2021 is positioned to build on the vitality displayed in 2020 despite the disruption of COVID-19 and the challenges it has brought about. Thank you for your generosity and support.
On behalf of the Finance Committee,
Steven Peters, Chair
Dear Church Family,
The Finance Committee is pleased to report that the financial position of the church remains strong through the first three months of 2021! Through March 31 giving to the Unified Budget is essentially even with the same period last year at $120,000. First quarter expenses were at $105,000, for net revenue over expenses of $15,000. This helped increase our Unified Budget Fund Balance to a healthy $109,000 at the end of March. Your continued support for the Unified Budget is appreciated and keeping the important work of the church moving forward!
In the early uncertain days of the pandemic FUMER applied for and received a loan under the federal government’s Payroll Protection Program (PPP) provisions applicable to churches. The church’s Treasurer, Linda VanDenBerg, spent long hours on the paperwork with our bank to make this happen. As a result of that hard work, we recently received written confirmation that this loan has been completely forgiven! It does not have to be paid back! This is especially good news because it is proving critical in keeping Small Blessings Childcare afloat during the pandemic.
Although a ministry of FUMER, the daycare is not directly supported by the Unified Budget. It has use of the building but charges tuition to cover its other expenses which consist primarily of wages. Though it has remained largely open during the pandemic as an essential service (especially for children of parents on the front lines) its operations have been ravaged in terms of enrollment, attendance, staffing, and accounts receivables. Therefore, this PPP grant has been a godsend in keeping its operations in the black. While these additional funds help keep the doors open, please continue to pray for the director, teachers, children, and families of Small Blessings during this difficult time.
We continue to be amazed at the way God provides for the ministries of First Church! It looks like 2021 is positioned to build on the vitality displayed in 2020 despite the disruption of COVID-19 and the challenges it has brought about. Thank you for your generosity and support.
On behalf of the Finance Committee,
Steven Peters, Chair