Church Financials

2025 Summary Financials

1. Our 2025 bottom-line was a surplus of $15,000 vs. a budgeted surplus of $10,000 – a favorable variance of $5,000.
2. Total Revenues were 5.2% or $65,000 better than budget. Pledged Giving was right on budget and Unpledged giving was 46% or $60,000 better than budget.
3. Total Expenses were 4.9% higher than budget at $60,000. This includes unbudgeted Architectural expense ($19,000) associated with our conceptual design for the Church facilities as well as Clergy and Staff bonuses (see below).
4. Vestry approved Clergy and Staff bonus pay at 4% of salaries for a job well done in 2025. After receiving no pay increases in 2025, 2% raises were given for 2026. Bonuses are never budgeted.
5. Operations expense was right on budget. We were helped by no major repairs in 2025.
6. Employee expenses were right on budget apart from the bonuses.
7. Ministry expenses were 6.5% or $25,000 higher than budget due in part to Outreach programs being higher than expected. We donated $51,000 to outreach in 2025.
8. We donated $30,000 to the Our Saviour Foundation in 2025, up $5,000 from 2024. Our goal is to deliver all Trust income proceeds to savings vs. using for expenses and we were at approximately 22% in 2025.
9. We had three months of cash reserves at the end of 2025. This is a stated Vestry goal and means we could pay for all expenses if we received $0 in revenue for up to three months - a very conservative cash management approach.