First Quarter Finance Update

Dear Friends,

Please see below an update from the Administration Commission of the Session about the first quarter finance numbers:

• At the annual congregational meeting, the session presented a 2025 operating budget that projected a year-end deficit. However, we noted that if 200 households would give an additional $20 per week to the general fund, the deficit would be eliminated.

•  We are delighted to report that by the end of March, 97 households had already answered that call, giving more than they did during the same period a year ago. Thank you, thank you, THANK YOU!

• As of March 31, budgeted operating income was $326,738, while actual income was $372,421. Budgeted operating expenses were $388,895, while actual operating expenses were $374,385. 

• While this is a fantastic start to the year, historically, the summer months have been seasons of slightly lower income and slightly higher costs. We are most grateful for those households who are able to “smooth” their giving over the course of the year, as it helps the church meet our monthly expenses and keep our quarterly commitments to our mission partners without challenging our cash flow.

• We give thanks for those households who give over and above their gifts to the operating budget to help eliminate our construction debt. As of April 30, the loan balance was $646,319, down from $725,482 on January 1.

Thank you so much your faithful financial support of the mission and ministry of First Presbyterian Church! For more information or with questions, please contact Administration Commission Chair Jeffrey Trapnell or Treasurer Michelle Clendenen-Shaw.