What do the different finance categories mean?

Created by Dean Phelps, Modified on Mon, Feb 10 at 3:28 PM by Dean Phelps

When completing the Finance section of the ALEX Yearbook report, ALEX requests five values.

These break down as follows:

  • Local Operating Receipts are donations received by the church that are not restricted to any specific purpose. The congregation uses these offerings to pay costs associated with the operation of its ministry.
  • Building/Capital Receipts are donations received by the church that are restricted to a building fund or other capital improvements. The congregation may use these funds to make mortgage payments or to fund other capital improvements such as renovation or repair.
  • Other Designated Receipts are donations received by the church that are restricted to a purpose other than building or capital expenses. Some examples might include a memorial or benevolence fund.
  • Other Income is money received by the church that does not come from contributions or offerings. Some examples might include money received for the use of church space or money received from church events.
  • Outreach Funds Expended is the only item that reflects what the congregation spends rather than receives. Outreach funds are the church's investment in its outreach ministry. In addition to the congregation's local outreach, this should include the congregation's donations to Disciples Mission Fund and other Disciples ministries.

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