For January 1 – March 31, the Operating Income and Expenses compared to the budget for that period:
| Actual: | Budget: | Difference: | |
|---|---|---|---|
| Income: | $109,809* | $105,000 | $4,809 |
| Expenses: | $108,696 | $105,000 | $3,696 |
Through the first quarter of 2024, Duncan Memorial’s operating income is $4,809 above budget and operating expenses are $3,696 above budget, resulting in a surplus of $1,113.
In addition to the church’s support of the operating budget, through March 31 generous contributions designated for reduction of principle of the Church’s Atlantic Union Bank loan have exceeded $11,000. Among other church improvements, the Atlantic Union loan financed the installation of solar panels. In 2023, DUncan Memorial received $6,705 from the sale of unused electricity back to Dominion Energy.
Full financial reports are available by contacting church treasurer, Betty Perkinson.