| CP Giving Still Behind Budget through May |
| Release Date: 06/13/2008 |
LOUISVILLE – With three months left in the fiscal year, Cooperative Program giving totals remain behind budget by 1.7 percent.
According to Lowell Ashby, Business Services Team leader for the KBC, receipts collected in May fell $227,541 short of the $2,024,700 needed last month to eliminate the deficit.
Ashby said May CP receipts totaled $1,797,159. So far this fiscal year, churches have given a total of $17,698,361 through CP, which leaves total receipts 1.7 percent, or $301,639, behind budget.
“In view of current economic conditions, it is encouraging that we continue receiving strong financial support from our KBC churches,” said Billy Compton, executive associate for Cooperative Program and resources.
“I remain hopeful that we can reach our budget goal for this fiscal year. Kentucky Baptists have met budget challenges in the past with generosity,” said Compton.
Ashby noted that $6,301,639 is needed throughout the remainder of the 2007-2008 fiscal year in order to meet budgeted projections. For that to be achieved, just over $2.1 million would need to be received in each of the remaining three months.
While giving is behind budget for the current fiscal year, the $17,698,361 received year-to-date is $335,180, or 1.9 percent, above the $17,363,181 received over the same period in the 2006-2007 fiscal year, he said.
The Kentucky Baptist Convention is a cooperative missions and ministry organization made up of more than 2,400 autonomous Baptist churches in Kentucky. A variety of state and worldwide ministries are coordinated through its administrative headquarters in Louisville, Ky. including: missions work, disaster relief, ministry training and support, church development, evangelism and more.
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Release prepared by Kristie Randolph, KBC Communications |
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