Financial Update

Below you will find Covenant's financial information through September 2024.

If you have questions regarding the budget, please contact Marty Crawford in the church office or members of the Finance Committee: Will Bennett, Gary Gorham, Will Graham, Jeff Hicks, Stephen Mince, Matt Searson, John Shank, and Todd Sitton.

GENERAL FUND GIVING
(122 commitments totaling $2,254,750)

Budget: $4,258,018

Receipts: $3,821,420

Expenses: $4,092,472

2024 Operating Surplus/(Deficit): ($271,052)

2024 Operating Reserve: $528,948

2024 Line of Credit: $0

 

FAITH PROMISE GIVING
(60 commitments totaling $235,800)

Budget: $415,943

Funds Received: $373,197

Funds Disbursed: $415,943

Faith Promise Reserve: $283,044

Mission Disbursement from General Fund: $293,824