| KBC Reports Another Strong CP Month |
| Release Date: 03/12/2008 |
LOUISVILLE – Halfway through the 2007-2008 fiscal year, Cooperative Program giving remains ahead of giving totals over the same period in the previous giving year, but slightly behind budget for the current year by 1.3 percent.
According to Lowell Ashby, Business Services Team leader for the KBC, churches have given a total of $11,842,040 through February, which leaves total CP receipts $157,960, or 1.3 percent, behind budget.
“I’m very hopeful that Kentucky Baptists will overcome the 1.3 percent deficit and meet budget this year. It’s definitely a reachable goal,” said Billy Compton, executive associate for Cooperative Program and resources.
The annual budget for CP in the 2007-2008 fiscal year is $24 million.
“Even though we’re still slightly behind budget, the overall positive trends are very encouraging,” said Compton. “We’ve just had the strongest back-to-back months of the fiscal year, we’re ahead of giving last year, and the deficit has been significantly decreased since December.”
Ashby said February receipts totaled $1,950,880, which is $843,883 below the record $2,794,763 received in January, but higher than every other month in the 2007-2008 fiscal year except October, when giving for the month totaled $2,236,075.
February giving year-to-date of $11,842,040 was also $566,657, or 5 percent, above the $11,275,383 received over the same period in the 2006-2007 fiscal year, he said.
He also noted that $12,157,960 is needed throughout the remainder of the 2007-2008 fiscal year in order to meet budgeted projections. For that to be achieved, just over $2 million would need to be received in each of the remaining six months.
“All of these dollars represent the investment Kentucky Baptists are making in connecting people to Jesus Christ,” said Compton. “Because of their generosity, we are reaching, developing and mobilizing people for Christ through the missions and ministries of the Cooperative Program.”
The Kentucky Baptist Convention is a cooperative missions and ministry organization made up of more than 2,400 autonomous Baptist churches in Kentucky. A variety of state and worldwide ministries are coordinated through its administrative headquarters in Louisville, Ky. including: missions work, disaster relief, ministry training and support, church development, evangelism and more.
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Release prepared by Kristie Randolph, KBC Communications |
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