From the Bible Belt Blogger:
The diocese budget anticipated total income of $1,265,532.76 for 2007. Instead, total income totalled $1,114,580.53. The difference -- $150,952.23.
Click here to see the 38-page budget, which is currently availabe on the diocese's website.
Part of the problem, according to a memo posted online, is that Grace Church in Florence only paid $1,736.17 of its $20,834.04 allocation, a shortfall of $19,097.87.
The total cash in bank diocese dropped from $225,718.87 on Dec. 31, 2006 to $54,805.08 on Dec. 31, 2007, a difference of $170,913.81. . .
Read it all.