The chart below compares ECL’s actual income and expenses with budgeted amounts for the year. At the close of the first quarter, our income fell short of budgeted projections by about 7%; income is primarily comprised of tithes and offerings.

Total actual expenses were lower than budgeted amounts by about 1%. Administration category expenses were over budget, reflecting two large insurance dues paid on an annual basis. Total expenses exceeded total income by $1,456.91.

$155,325.63 of uncommitted cash is available to provide a financial cushion.