Greater budget surplus anticipated
Filed Under: Budget, CFO, CMO, Finance, Offering
The latest report from the synod's chief financial officer shows that if positive trends continue, the synod's operating budget could end the fiscal year with a surplus of more than $3 million, which is $800,000 more than previously anticipated.
Through April, support has exceeded expenses by $2.5 million, led by Congregation Mission Offerings—gifts designated by congregations for synod's collective ministry known as CMO. Through April, CMO is up $2.3 million or 13 percent more than the previous year.
To read the Executive Summary, prepared by the Chief Financial Officer for the Conference of Presidents and the Synodical Council, go to www.wels.net/jump/finance
