This short report will bring you the latest update on WCV’s financial situation.
As we enjoy the summer we are seeing our deficit increase to a level that needs attention. At July 31, we had an operating deficit of $35,699 which is at the maximum level that we can manage our cash flow comfortably. The operations effect of this amount is somewhat reduced by the $18,646 surplus that we carried forward from previous years. But the reality is that we must replace that amount before year-end.
We want to bring this situation to everyone’s attention so that all are aware. Our income must now increase significantly to make up this deficit and carry us through to the end of the year.
We are thankful for all the generous support from many in the community, and continue to pray for God’s provision for all our needs.
Your Board of Directors