Henry Kwok, WBA Treasurer
We ended the quarter for the General Fund with a $15,847 deficit com- pared to a $16,316 surplus last year. This difference is mainly due to the higher than ex- pected CNBC endowment fund and a onetime accrued interest income from last year. Our local church gifts are slightly higher than at the same time last year.
Our goal to raise $200,000 for the More Than a Legacy Fund has reached the 10% mark. We plan to use 50% of the money raised for the General Fund and the other 50% as an endowment to sustain our financial independence in the future. We need your continual support to reach the $200,000 goal.