YTD Budget Report (January – October 2025)

Here is a summary of the financial report for January through October 2025, written for the congregation.

To our Church Family,

As we approach the end of the year, we want to provide a transparent look at where we stand financially through the first ten months of 2025. Here is a breakdown of our income, our spending, and the areas where we are seeing the most activity.

The Big Picture

Currently, our expenses exceed our income. While we anticipated running a small deficit at this point in the year due to timing, the gap is wider than budgeted.

• Total Income: $624,107 1

  Total Expenses: $686,545 2

  Net Total: We are currently operating at a loss of -$62,4373.

Income: Where We Stand

Our total income is currently coming in under our target by about $68,0004.

• Contributions: The primary driver here is our Weekly Offering. We budgeted for roughly $619k by this time, but actual giving is at $581k. This puts our contributions about $37,000 behind our goal.

  Other Income: We have also seen lower-than-expected returns in Gym Rentals (down about $12k) and grant income (the Calhoun Foundation funds have not come in as anticipated)6.

Expenses: How We Are Managing Resources

The good news is that we are underspending our budget in most areas. We planned to spend $720k by now, but we have held spending to $686k, meaning we are under budget on expenses by nearly $34,0007.

• Operations & Facilities: We have been prudent with our operational costs. Administration, Building Upkeep, and Utilities are all coming in under budget, saving us over $6,000 combined in the Admin/Operations category.

  Good Works: Expenses for "Good Works" (benevolence and community support) are significantly lower than budgeted (about $19,000 under). This is largely due to lower spending in the Caring and Sharing program.

Ministry Highlight: Investing in Our Youth

One area where we are intentionally over budget is our Youth Ministry. We have spent about $11,000 more than planned here, but for encouraging reasons11.

• The overage is driven by high participation in LTC (Leadership Training for Christ) and Summer Financial Assistance (scholarships for camps/events)12.

  While this is an expense, it reflects a heavy investment in the spiritual growth of our teenagers and children this year.

Summary

In short, we are doing a good job managing our costs and keeping expenses low, with the exception of increased activity in our Youth group. However, because our weekly offerings and rental income are trailing, we are looking at a shortfall of roughly $62,00013.

As we head into the holiday season, we ask that you prayerfully consider how we can close this gap together to finish 2025 strong.

In the 2026 budget, we have made adjustments to the expenses and have commitments for 2026 to close the deficit and have a surplus to close the 2025 gap.

2025 BUDGET