Our 2022-23 fiscal year budget forecasts a $58,457 shortfall (see annual report on page 2 below)

• The current 2022-23 fiscal year covers twelve months - - July 2022 thru June 2023.
• A 4% increase in offertory giving (including FaithDirect) would be needed to close the budget gap

For the first four months ending October 31, 2022

• Operating expenses remain on budget, no significant surprises to date.
• Offertory income is $30,189 ahead of budget, reducing the forecasted shortfall to $28,268

Please note that we expect to underrun budget in November based on an early look at mont-to-date results.
Appreciate your generous gifts and would appreciate your support as we close out the year

• Budgeted 2022-23 income assumes FT School enrollment of 429 students and preschool enrollment of 63 students.

Special Note: This is the first year of the new full day preschool program.

The 22-23 budget includes increased staffing costs for the full day program and higher full day preschool tuition income which generally offsets those costs.