Money Matters 10/1/2026
Actual July through August Results
Total Revenue $ 83,226
Total Expenses $ 53,904
Net Operating Income $29,322
August Results
Revenue exceeded the adjusted budget by $7,969 due to strong space sharing income and $3,000 Fall Fest revenue received. Pledges exceeded budget by $274. Expenses were under the adjusted budget by $12,066. Most expense categories were underbudget. The August expenses also was reduced by $1,113 insurance dividend check received from Church Mutual.
Line of Credit
We had an unused $85,000 line of credit with Devon Bank opened during the capital campaign to ensure we had funding. We closed this line of credit since it is not needed at this time and there are small annual costs to maintaining it. We have reserves available to cover major maintenance costs, but we can always reopen a line of credit should it be needed.
Major Maintenance Project Update
Our contractor has completed their portion of the sewer work at no cost to the church. We are now in the process of having the Youth Room walls and floor painted, as well as the Fleishman Hall floor. The church’s air conditioning in the basement has broken and in need of a new compressor. BIG has working on bids for the compressor, as well as solutions to fix the condensation issues we have been having in the loft and sanctuary.
Respectfully submitted,
