2nd Quarter Financial Report

Year to Date Deficit as of June 30, 2020: $9374

Revised Budget:  The 2020 Budget was revised to ensure that we operate within our reduced income. A revised budget to the end of August was previously approved by Leadership Council.  In August a revised budget for the September to December period will be presented to the Leadership Council for approval. An update on this will be provided by the end of August. 

Government Wage Subsidies:  We have applied for and received government wage subsidies for a total of $14,208.  Currently our revenue has dropped to the point where we are eligible for the Canadian Emergency Wage Subsidy which provides up to a 75% wage subsidy.  This subsidy has been extended until December however the revised eligibility criteria have not yet been announced as of July 15th.  We are hopeful that we will continue to be eligible for this subsidy.

For More Information: Financial results will be shared with the congregation at the end of each quarter.  For a detailed 2nd Quarter Financial Report or if at any time you have questions please contact Karen Chow at 587-228-3720 or rkechow@telus.net