Positive financial trend continues
Filed Under: CMO, Finance, support, Synod Finances
The latest financial reports show the positive trend in Congregation Mission Offerings—the gifts congregations submit for the collective work of synod, known as CMO—continues.
CMO for March 2008 are up 10.6 percent over the same month last year—but it appears the early timing of Easter this year has impacted that figure and, in turn, both fiscal and calendar receipts. For calendar year 2008, CMO support is up 15.6 percent over the first three months of 2007.
Still, it continues to appear that total operating support will exceed expenses by $2.2 million or more by the end of the fiscal year.
For more detailed accounting, please see the Executive Summary, prepared by the chief financial officer for the Conference of Presidents and the Synodical Council, online at: www.wels.net/jump/finance
