Our greatest concern is the economic impact on the camp, it is going to be very serious in our near future. Daybreak will realize a loss of revenue in excess of $260,000.
Our reserves and the generosity of many donors this past month has been a blessing and very encouraging. We have trimmed our budget as tight as possible. Our minimal monthly expenses (utilities, payroll, insurance etc.) are just under $20,000.
We have obtained a Payroll Protection Plan loan from the Small Business Administration. This loan will turn into a grant as we use it for payroll and related items. This will allow us to pay staff their full salaries, hourly wages and benefits until the end of June. After that time, we are expecting to take a 50% reduction in salaries to maintain our cash flow.
Your prayers, notes of encouragement and financial support breath life into this ministry that encourages a personal relationship with Jesus Christ.
We look forward to being with you again, until then may your sheltering in place be filled with grace!