**Financial Update August 2020**
After a great start to the year, our pledge receipts during the second quarter were $900 short of our budget goal. While this is not uncommon for this time of year they have continued to fall in July and August. As of September 1, we are a surprising $7,280 below budget. Most of this shortfall, $4568, occurred in August.
Until this development, we were on track, with the help of the Covid-19 Pay Check Protection plan, to significantly reduce the need to withdraw funds from our endowment to cover our 2020 costs.
Our pledge goal for the year was based on the expressed commitment of our members, during our 2020 canvass. With your help we can still make “our” pledge goal and end the year in a great financial position. We thank you for your continued investment.
Yours in Christ, Joe Bianca Treasurer
You can mail your weekly pledge directly to St. Philip’s at 128 Main Street, Easthampton, MA 01027, attention Joe Bianca, OR you can now pay your pledge or other donations securely online here: https://tithe.ly/give?c=1332157.
Thank you again and God bless you all,
The Finance Committee