The Buck Stops Here!
These are the financial statements for Church of Hope for the previous year. While we resist government intrusion into church business, we believe that our fellowship and those interested in our church are entitled to see what is happening with the money we receive. To provide this information, we have created this web page. As we wish to respect the privacy of our contributors, we do not provide the names of donors or individual recipients of emergency aid. What you will find: The total donations for the previous year along with all outlays of cash and notes about outlays where needed. We hope this will be of use for you…
Finances for the year 2006
Beginning Balance: $865.42 --- This encompasses all accounts both checking and savings.
Total Receipts: $10174.46 --- This includes bank interest and donations.
Total Expenditures: $7508.50
Year ending balance: $3531.38
Expenditures:
March:
Bible Church of God - $250.00 -- Radio ministry support
April:
Springfield Rescue Mission - $1000.00 -- Homeless Shelter in Springfield, Ma
September:
Samaritan’s Purse - $500.00 -- Where Needed Most
Springfield Rescue Mission - $1000.00 -- Homeless Shelter in Springfield, Ma
Siteloutions - $17.50 -- Renew 2 URL addresses for church websites
October:
AACC* - $99.00 -- Membership Renewal
MasElectronics - $120.00 -- 1 year web hosting services
November:
Bible Church of God - $250.00 -- Radio ministry support
Salvation Army - $500.00
Springfield Rescue Mission - $1500.00 -- Homeless Shelter in Springfield, Ma
December:
Family Promise** - $252.00 -- Family Shelter
Open Pantry - $500.00 -- Food Bank
Springfield Rescue Mission - $1520.00 -- Homeless Shelter in Springfield, Ma
Our standard policy is to keep $1500.00 in reserve. This allows us to have money on hand to help those in serious financial situations.
* American Association of Christian Counselors
** Nationwide organization to help low income families achieve independence.
Finances for the year 2005
Beginning Balance: $2443.61 --- This encompasses all accounts both checking and savings.
Total Receipts: $7860.31 --- This includes bank interest and donations.
Total Expenditures: $9438.50
Year ending balance: $865.42
Expenditures:
January:
World Vision Asian Relief $1500.00 -- Tsunami Victims
April:
Bank Service charge - $5.00
May:
Bible Church of God - $250.00 -- Radio ministry support
Springfield Rescue Mission - $1000.00 -- Homeless Shelter in Springfield, Ma
Ukraine Relief - $250.00
August :
Bible Church of God - $250.00 -- Radio Ministry Support
AACC* counseling course - $395.00 -- Educational materials
Catherine Murray Cancer Fund - $500.00
September:
Siteloutions - $17.50 -- Purchase 2 URL addresses for church websites
November:
Samaritans Purse - $4151.00 -- Gulf Coast Hurricane relief
December:
Springfield Rescue Mission - $1000.00
MasElectronics - $120.00 -- 1 year web hosting services
Our standard policy is to keep $1500.00 in reserve. This allows us to have money on hand to help those in serious financial situations. However, the need was so great this year that we were unable to maintain our reserve.
* American Association of Christian Counselors
