The fiscal year of Reformed Believers Publishing (RBP) is October 1 to September 31. The primary source of income to support the publishing and mailing of Sword and Shield comes from gifts. The other sources of income are from a few people who pay for subscriptions to the magazine and from the sales of bound volumes of Sword and Shield. The total income for the last fiscal year was $64,118.41. Of that amount $58,506.59 came from donations. The printing and typesetting costs for the last fiscal year amounted to $69,442.98. Postage and administrative expenses totaled $13,823.00, leaving RBP with a fiscal-year deficit of $19,147.57. The current balance on hand is $39,896.24.

Currently, RBP prints 2,200 copies of each issue of Sword and Shield. As was mentioned by the secretary, each issue costs about $5,000, and the price can be higher for issues with larger page counts. Although the number of each issue that is mailed out fluctuates from month to month, depending on new subscribers and cancellations, currently 1,819 copies of each issue are mailed to people living in the United States, and 89 copies are mailed to those living outside the country.

Once again, we have reason to be thankful to our covenant God for providing financially for Reformed Believers Publishing. Since our last annual meeting, fourteen issues of Sword and Shield have been published and mailed out free of charge. All of the expenses for typesetting, printing, and mailing the magazine have been covered by generous donations from our supporters.

I take this opportunity to ask you to consider donating to this worthy cause. Donations can be made online at the website of Reformed Believers Publishing (https://reformedbelieverspub.org/donations/donation-form/), and donations can be mailed to the RBP office at 325 84th St SW, Suite 102, Byron Center, MI 49315.

As treasurer and on behalf of the board, I thank you for your financial support over the past year.

Thank you.