Money Matters 11/1/2025
September Results
The actual results for July through September show an operating loss. Pledge income is $13,500 below expected. We greatly appreciate everyone’s continued financial support. You make a difference! Rental income continues to be slower as we are limited by the construction work. Expenses are higher primarily as we have sabbatical minister expense and as I have aligned the timing of recording payroll costs to the proper periods.
Actual July to September
Total Revenue $ 103,439
Total Expenses $ 122,896
Net Operating Loss $(19,457) (excludes special $70,000 donation used to pay off mortgage)
Capital Campaign Update
We currently have approximately $90,000 remaining in scheduled work to be done. We recently paid $12,269 for the fire detection and alarm system and $1,300 for painting. Remaining work includes approximately $59,400 from our general contractor, Mirek, $9,800 for windows in the Loft, $5,950 for painting, $1,000 for connecting the stove, $6,000 to $12,000 for garden restoration, and $5,400 to the architect.
Capital cash in our Devon Bank capital account at the end of September totaled $73,135, plus there are some additional amounts for the capital campaign in our Fleishman account. We are funding any gap with outstanding pledges, a credit line from the bank and funds from the Horcher bequest.
Thanks to all for your continuing donations to the capital campaign!
Accounting Assistance
As discussed in last month’s article, we no longer are using an outside accounting firm given the small level of services that we used. A huge thank you to Karen Goldner for offering to help with some checking of the books. This involves reviewing bank statement reconciliations and check payments to make sure all looks good. Thanks!!
Respectfully submitted,
