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2025–2026 Fiscal YTD Results
June 2025 (month 3)
................. ..$K
Church Income*..... $ 352
Church Expenses.... $ 430
Church Deficit..... $ (78)
Outreach Deficit... $ (24)
Combined Deficit... $(102)
The church has a total income of $352K and expenses of $430K, resulting in a year-to-date deficit of $(78)K. Pledge and general offering income fell short of the budget by $87K. The outreach groups (PELC and The Music School ) report a deficit of $(24)K. The combined organization is reporting a deficit of $(102)K year-to-date. June is the third month of our 2025–2026 fiscal year.
*Reminder: Actual income does not include net proceeds of $684K from the Employee Retention Credit (ERC). Our church applied for and received a one-time $684K [net] ERC. This is a tax credit created as a part of the CARES Act in 2020 to help businesses keep employees on their payroll during the COVID-19 pandemic. Session approved investment of the $684K in a new investment account with the Presbyterian Foundation.
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