Money Matters 5/1/2026
Canvass Update
As of April 17, we are $31,000 away from meeting our canvass goal for the July 2026-July 2027 year. So close! Thanks to all that have made their pledges. If you have not yet made your pledge, please make it as soon as possible. If you have not yet made your pledge, please make it as soon as possible.
March Results
The actual results for July through March show net operating income, decreasing approximately $5,000 from last month. Pledges are holding close to budget. Our strong collection plate receipts combined with successful fundraisers continue to offset being underbudgeted for RaiseRight income and earnings on our LE Fitts fund. In addition, while our rental income is $2,800 below budget, our rental income has been improving with March rental income exceeding budget by $1,100. Our overall expenses are holding close to budget. We have excess budget due to the early payoff of our mortgage (thanks to a generous donation), which offsets additional costs for needed computers for our administrative office and water damage costs.
During March, we received an additional $28,500 from the generous bequest from Nanna Cross. This is the second year of this bequest, having received $27,000 a year ago. It is unclear whether we will receive more from this bequest in the future. The bequests we have received in recent months make such an impact on our church. Nanna’s bequest has meant that we could support having a pianist for choir practice and helped support our overall operating results. The bequests are not included in the net operating income when received, but a portion is being used over time to offset expenses.
Actual July to March
Total Revenue $ 382,304
Total Expenses $ 365,938
Net Operating Income $16,366 (excludes special $70,000 donation used to pay off mortgage)
Major Maintenance Project Update
Expected costs for major maintenance projects include approximately $6,100 for capital campaign work done but not yet invoiced and approximately $20,000 to install a hardscaping base for trash carts and $6,000-$12,000 for landscaping. In addition, we are in the process of getting estimates for work on the windows in the Loft. One other major maintenance project is work needed on our plumbing and sewer line to prevent future water damage like we had in January; additional work is being done to evaluate what is needed and what the cost will be.
We are still relying on capital campaign pledges to help cover these projects. Thanks to all who have fully paid their pledge. If you still owe amounts, we greatly appreciate your payments.
Respectfully submitted,
