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2025–2026 Fiscal YTD Results
May 2025 (month 2)
................. ..$K
Church Income*..... $279
Church Expenses.... $320
Church Deficit..... $(41)
Outreach Surplus... $..2
Combined Deficit....$(39)
The church has a total income of $279K and expenses of $320K, resulting in a year-to-date deficit of $(41)K. Pledge and general offering income fell short of the budget by $43K. The outreach groups (PELC and The Music School ) report a surplus of $2K. The combined organization is reporting a deficit of $(39)K year-to-date. May is the second month of our fiscal year 2025–2026.
*Note: 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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