Ohio Conference’s financial deficit increased during August, according to figures provided by Financial Coordinator Stan Helmuth.
Total receipts for the month were $19,524, including $18,515 in giving from congregations. Expenses for the month totaled $24,772, resulting in an operating balance of -$5,248 for the month. That shortfall added to the year-to-date deficit. At the end of August the operating balance was -$25,305.
Despite the current deficit, it should be noted that expenses for the year so far have been below the amount budgeted for in the 2018-19 Conference spending plan. Expenses for the first five months of the fiscal year totaled just $126,856, compared to the budgeted amount of $158,396. The Conference fiscal year ends March 31, 2019.