REPORT FROM THE TREASURER'S OFFICE

The July income turned out to be better than expected. Even though the month started off rather slowly, with less income than last year for several days, the month ended with 16.8% more than July a year ago. This nice increase brought the year-to-date income up three-tenths of one percent, to 14.8%. As a comparison, I was just looking over recent years and noted that July 1983 ended with a year-to-date increase of 12.5, and July 1982 ended with a 7.6% increase year to date. This year, then, is quite improved through the month of July over the last two years. However, the month of September and a part of October are still projected to be difficult financially, although the recent trend has helped projections considerably.

In Mr. Armstrong's recent letter to members and co-workers, he gave details of the tremendous increases in response we are having. The large increases in subscriptions and literature requests, of course, cost a lot of money. Thankfully, the comparatively smaller increases in income have been sufficient to take care of this added expense, but the departments are really pressed in many cases to take care of the requests or to supply the services within the current budget.

There has been a considerable increase in new co-workers and donors. Even though their numbers have increased, the amount of money they have contributed has not increased proportionately. It seems that such contributors are giving less per person, while at the same time, the members are giving per person. I hope all of you will continue to pray urgently that God will greatly increase the number of co-workers and donors and their contributions to help take care of the increased need.

— Leroy Neff, Treasurer