Treasurer’s report for first three quarters of 2019 released

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During the last week of October 2019, Andrew Smieth, Treasurer of the Orthodox Church in America, released the financial report for the first three quarters of the year.  The complete report is available in PDF format.

Report highlights include the following.

• The balance sheet as of September 30, 2019 indicates total assets of $3,996,338, total liabilities of $204,607.00, and net assets of $3,791,731.
• Revenue collection was at $1,340K on an annual budget of $1,809K (74.04%), substantially on target for the first six months of the year.
• Expenses incurred through September were $1,282.6K on an annual budget of $1,809K (70.89%).
• Unrestricted net income is a $57K surplus through September.