FINANCIAL UPDATE

FINANCIAL UPDATE

Financial Update

as of
January 31, 2024

 

At Fellowship, our ministry and fiscal year begins on July 1 and ends on June 30. We began our 2023/24 fiscal year on July 1, 2023, with a General Fund giving budget of $3,016,000. Our General Fund pays for the day-to-day operating costs of our ministries, programs, missions, and support operations, including personnel, facilities, administrative, and other overhead costs. 

Year-to-Date Results through the 7 months ended 1/31/24

Received to Date – $ 1,756,673
Budgeted to Date – $ 1,831,143
– – – – – – – – – – – – – – – –
Shortfall to Date – $ 74,470

December is our largest giving month historically. In December of 2023, our giving for the month was $438,509 which allowed us to end the first 6 months of this fiscal year slightly ahead of budget by $2,550. January is typically one of our lowest giving months.

As of 1/31/24, our available cash reserve was $2,000,000 which equates to a very healthy seven-month operating reserve.

Visit www.fellowshipdallas.org/finance for more information and for weekly updates on our year-to-date giving. 

If you have questions about our finances, please email them to finance@fellowshipdallas.org.

Thank you!

Tommy Shelton
Operations Pastor

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