ACEM Missions - Financial Statement |
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as of April 30, 2024 |
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CAD ($) |
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Balance - beginning of the year 2024 |
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247,273.00 |
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Missions Offerings |
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From ACEM Churches (January 1 – April 30, 2024) |
470,981.06 |
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470,981.06 |
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Less: Disbursements: (January 1 – April 30, 2024) |
- 440,593.94 |
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Balance as of April 30, 2024 (not audited yet) |
277,660.12 |
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Less: 2-month cashflow cushion |
- 350,000.00 |
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Cash deficit/surplus after cushion reserve |
-72,339.88 |
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May 19, 2024
Written by ACEM
17 May 2024
1.Please find below the financial statement of ACEM Missions as of April 30, 2024.
The total missions offerings remitted by local churches were $470,981.06 while $440,593.94 was disbursed. The balance as of April 30, 2024, was $277,660.12. Since a 2-month cushion of $350,000 was required for operating cash flow, the shortfall for cash
flow cushion was $72,339.88.
Last modified on Monday, 29 November 1999 19:00
2. ACEM Missions Department will subsidize the following:
1-year Interns in 2024: TCCC– Siu-pun (Ben) Ho, ACCC– Cong-yan Liu
Summer Interns in 2024: TCCC – John Feng, NYCCC– Anjun Zheng
Seminarians Financial Assistance applicants’ summer courses in 2024:
TCCC– Priscilla Leung, RHCCC– Pearl Hung, NRCCC – Sherry Zhang