BUDGET – 2024 – $530,304     

 January 2024

This report will take a different form to bring a summary for 2023 and a glimpse of the new 2024 year
to the congregation. Year 2023 had several ups and downs over the course of twelve months. There
were times when it appeared that the giving was falling off and admonitions were published that
hopefully resulted in a successful year total. We know that God is always good to those who have faith
and the proof was obvious at the end of the year. December giving was $70,304. That total was
possibly influenced by some RMDs directed to the church. Nevertheless, that allowed the total yearly
giving of $518,712 to fall just short of 2022 by $1849, and about $10,000 short of the five year average
for our church. Expenditures for the year were $545,643. which included some heavy charges for flood
repair and major parsonage projects which cut into the church reserves.

The adopted budget for 2024 is $530,304, a modest increase over 2023. Giving for the month of
January was $53,206, against the expectation of $48,700. That is a good start for this year with a
positive variance of about $4500. Expenses totaled $48,892.

Hopefully, the congregation realizes that it costs more to support the mission of rthe dchurch just as it
costs more to pay for a household. With this understanding, increaseed support for the work of
building up the Kingdom will be a hallmark of this year.

On a positive note, the insurance policy maintained by the church has returned nearly $57,000 to offset
a portion of the cost of damage incured by the recent water pipe break and resultant flood. The Finance
Committee regards this as a fair reinbursement and commends staff and committee members for the
hard work on this item.

The Endowment Fund total stands at $19,971 as of December 31. There is ample opportunity to
contribute to the fund as the fiscal health of the church has improved. A growing endowment
contributes to the overall strength of the church.