by Presiding Bishop W. Kevin Romer
Vol. 20, Number 1 Jan/Feb/Mar/Apr 2019 Issue NO. 77
As we have done in the past, in an effort to keep the saints apprised of the financial condition of the Remnant Church of Jesus Christ of Latter Day Saints, we are once again taking this opportunity to share with you the overall income trends for the church with our four largest income areas. This year it is even more relevant as we have gone to a two-year budget cycle, and our next general conference is not until April 2020.
As you will note in the following chart, our tithing income for 2018 was up 13% over the prior year with a 48% increase from 2013. We are grateful for all the dedication that has brought about this result. The increase at year end 2018 over expenses was $53,212, leaving a year-end total cash reserve balance on hand of $89,126.
Oblation was down in 2018 as compared to the prior year by 14%. Our expenses were $55,987, compared to an income of $50,926. We, fortunately, had the reserves to cover the expenses, leaving a total cash reserve balance on hand of $57,528.
Lunch Partners income was down 7% when compared to the prior year, with income totaling $38,030 versus expenses that totaled $54,075. This was driven by repair and maintenance costs of over $12,000. Our Lunch Partners total cash reserve balance on hand ended the year at $75,681.
Our income in 2018 was $273,387, up substantially compared to the prior year. After expenses, our year-end total cash reserves were $85,896. The expense side was driven by several factors, including extensive repairs to the headquarters roof along with the church video, the church Visitors Center, and a new church recording studio.
Our total cash reserves on hand from all sources ended the year at $359,226.
Remnant Church of Jesus Christ of Latter Day Saints
Income Analysis 2013–2018
2013 2014 2015 2016 2017 2018 Total
Tithing 292,921 331,955 364,723 367,326 384,082 433,054 2,174,061
Oblation 71,162 49,356 50,092 55,298 59,436 50,926 336,270
Lunch Partners 45,146 62,013 36,546 44,393 41,290 38,030 267,418
Surplus 57,559 66,563 83,524 559,503 27,196 273,387 1,067,732
Total $466,788 $509,887 $534,885 $1,026,520 $512,004 $795,397 $3,845,481