Dear Truro Parishioners,
As you can see from the numbers below, as of 8/31/2022, we are very close to being on target for meeting our year-to-date budgeted revenue! Due to your generous giving during the months of July and August, we have closed our gap in giving compared to our budget. All I can say is thank you so much for enabling Truro to do all of the things He has called us to do; God is good, all the time!
On the expense side of things, we are also doing well. We have spent less than projected thru 8/31/2022, however we do still have some very large upcoming bills to pay for fixing the boiler located below the sanctuary. Overall, we are in a good position from a cash flow point of view.
During July 2022, TPK paid back its loan balance to Truro in its entirety, and this was added into Truro's operating fund to pay for our recurring monthly expenses. As a final note, we have also not had to dip into any of our cash reserves, investments or savings accounts because we have stayed close to our 2022 budget and TPK has paid back its loan to Truro!