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MC Canada: 2003-04 financial update
June 4, 2003
Winnipeg, Man.—A recently issued donation report for MC Canada shows that contributions are holding steady at roughly the same levels as last year.
Forecasts anticipated 22.6% of total donation revenue for this time period (Feb 1 – May 31); $886,000, has been received so far, representing 22.7% of a $3.9 million donation income budget. About 75% of MC Canada’s annual income this year is forecast to come directly from congregational and individual giving.
The remaining 25% is received through sales, fees for service, deferred contributions, investments, subsidies, and grants from mission partners.
Expenses remain in line with forecasts for this time period. A complete revenue and expense budget will be presented to delegates at this year’s annual assembly in St. Catharines (July 9-13) together with projected budgets for 2004-2005 and 2005-2006.
MC Canada FYE 2003-04, Feb 1 - May 31 Donation Summary