Church Council Financial Review
1/28/2025
Thanks for attending our last Tuesday (1/28/25) night Church Council meeting. One of the significant questions that was asked was for a copy of the financial review. Listed below is the most recent information.
* 2024 Total Contributions $719,958.
* Total number of contributors 285.
* Total operating cost $818,300 vs. $590,343 in 2023 an increase of $227,957. Three major factors were Interest on the loan, Insurance and soft cost on the construction of the new church.
* Operating Cash as of December 31, 2024, was $90,003.
* 2025 Pledge Commitments received was 68 totaling $245,912
for the Operating budget .
* Operating Budget for 2025 is $908,490 annually or $78,908 monthly.
Also, an anonymous family has agreed to challenge us with a $30,000 matching fund opportunity. The matching fund campaign will start on March 1st and conclude on Easter Sunday, When the church receives $30,000 in contributions by April 20th, then the family will contribute to the church $30,000 towards our monthly mortgage payment. Further information will be provided in a few weeks
Thank you for prayers and financial support.
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