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.

ACEM Missions - Financial Statement

as of April 30, 2024

CAD ($)

Balance - beginning of the year 2024

247,273.00

Missions Offerings

From ACEM Churches (January 1 April 30, 2024)

470,981.06

470,981.06

Less: Disbursements: (January 1 – April 30, 2024)

- 440,593.94

Balance as of April 30, 2024 (not audited yet)

277,660.12

Less: 2-month cashflow cushion

- 350,000.00

Cash deficit/surplus after cushion reserve

-72,339.88

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
Last modified on Monday, 29 November 1999 19:00