OCA Treasurer’s report for first quarter of 2016 released

The financial report for the first quarter of 2016, prepared by Ms. Melanie Ringa, Treasurer of the Orthodox Church in America, is now available on-line.

“The 2016 budget projected a balanced operating budget,” Ms. Ringa noted.  “Our actual results show a surplus of $55,923.00.  Our Unrestricted Fund (Operating fund) had a net surplus of $43,162.00 for the quarter ended March 31, 2016….  Total revenues were over budget by $14,956.00, with $16,659.00 representing slightly lower assessments, offset by an unrestricted bequest in the amount of $39,941.00.”