TREASURER’S REPORT
- At the end of May, the Local Ministry Fund had a year-to-date total income of $44,094 compared to expenses of $110,770 for a deficit of $66,676.
- At the end of May, the Endowment Fund had a year-to-date “Book Value” gain of $52,948.
- In May, $20,000 was transferred from the Tangerine Local Fund Savings account to the CIBC chequing account to maintain a positive balance.