End of the Year Cornerstone Financial Update

“Why do you spend your money for that which is not bread, and your labor for that which does not satisfy? Listen diligently to me; hear, that your soul may live; and I will make with you and everlasting covenant.”—Isaiah 55:2-3b

As the year draws to an end, I want to take a moment and give a brief but important financial update.

At the end of October, you will remember that the property at Down’s Blvd. was sold, and Cornerstone received half of the proceeds from the sale of the land, $125,000. As a token of our love and appreciation for our mother church’s generosity toward us, we immediately gifted $25,000 of those proceeds to Parish Presbyterian, leaving us with $100,000.

The finance committee, chaired by Bob Vermilye, met the next month and prayerfully considered how we should employ these funds. After their meeting, the Finance Committee unanimously recommended to the leadership that the $100,000 be used to pay down our second mortgage with Christ Community Church. That motion passed unanimously and payment was made to Christ Community the next week.

That payment was a principal payment, reducing our note to Christ Community from 258,843.49 to 127,623.41 and saving us 31,220.10 in interest. Praise the Lord!

These additional resources were a tremendous boon to our congregation, and so let us remember together God’s gracious provision for us. But, even more heartening, at least in my estimation, was the faithful (regular) commitment among many of you to give tithe and offering to God for the work of ministry this year. Our God is a extravagantly generous God, and the closer our fellowship is with Him, the more His extravagant generosity is evidenced in our life. Praise God that is happening in our midst! In the days to come, I will be praying that we become even bolder and riskier in our giving, as we receive yet deeper reservoirs of His abundant grace as a church family. Please pray to that end with me.

On that note, our giving was slightly down in the month of November. We forecasted $37,500 for November but received $33,740 in tithe and offering. Traditionally, as least for many churches, November is a down month for giving. With Thanksgiving holiday and many members traveling, church attendance may be more sporadic, which often affects giving patterns as well.

Thankfully, we’ve had a strong start to December. We are hoping to make up some ground we lost in November. Please consider how you might help us finish the year strong and get 2013 off to a good start financially here at the church!

If you intend to give an end of the year gift to Cornerstone, please note that checks must be postmarked by December 31,2012. If you have any questions regarding end of the year giving, please contact Susan Bumpus in the church office at 615-618-4707 and office@cstonepres.org

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