WE ARE BIG HEARTED WE HAVE CONTINUED TO RECEIVE GOD ' S BLESSING AND FINANCIAL PROVISION FOR HIS MINISTRY AT RBC .
OPERATING BUDGET & OFFERING
During 2020 , we have continued to receive God ' s blessing and financial provision for the needs of His ministries at RBC , particularly during the uncertainty and challenges created by COVID-19 .
These needs were met by above-budget offerings , along with government support in the form of JobKeeper and Cash Flow Boost . Our cash surplus from ministries and rental properties of $ 97,702 was used to contribute towards property and equipment purchases and principal repayments on our borrowings .
In addition , we transferred $ 70,000 of the net government support towards a new Contingency Reserve to manage contingencies including those arising from COVID- 19 . Please pray that we will continue to be faithful in this area and see our giving cover RBC ’ s ministry needs .
$ 15,815 Average Weekly Giving 6.2 % Up
SPECIAL PURPOSE GIVING : STAGE 3 & DEBT REDUCTION
We can praise God that during the financial year $ 34,251 was given for the Stage 3 building development , in response to the Building for God ’ s Kingdom campaign . In addition $ 10,000 was given towards repayment of our borrowings . As a result , we have reduced our total borrowings by $ 74,239 to $ 438,224 at 30 June 2020 .
Please continue in prayer and giving towards repayment of debt and planning towards future development of our facilities to meet ministry needs .
Cathy Flower Treasurer
Total borrowings reduced by
$ 74k