Treasurer’s Report

At the end of April, the Local Ministry Fund had a year-to-date total income of $35,139 compared to expenses of $88,060 for a deficit of $52,921

At the end of April, the Endowment Fund had a year-to-date “Book Value” gain of $45,181.

In April, $1,385 proceeds from the Spaghetti Dinner was raised for Hospice Niagara (Welland).

In April, $10,000 was transferred from the Tangerine Local Fund Savings account to the CIBC chequing account to maintain a positive balance.