RBC Annual Report - 2013 | Page 30

Financial Report During 2013, we have continued to receive God's blessing and financial provision of the needs of His ministries at RBC. Offerings 700,000 600,000 500,000 400,000 300,000 200,000 100,000 2010 (actual) 2011 (actual) 2012 (actual) 2013 (actual) 2014 (budget) Our general offerings were lower than budget, which resulted in the need for careful management of spending during the year. However, it is encouraging that offerings increased over the course of the year, and our final deficit was lower than expected. Please pray that we can continue to be faithful in this area and see the level of giving reach and exceed budget. Stage 3 Giving Funds needed $504,145 Pledged by December 2013 $90,325 Giving received to August 2013 $821,530 During the financial year, $475,149 was given for the Stage 3 development. As the graph above shows, giving and pledges to the end of December 2013 cover almost 65% of the first phase of Stage 3, and we have obtained a loan to cover the shortfall. Please continue in giving and in prayer that the remainder of the funds needed for this phase will be provided.