January Financial Report

The Finance Committee has released the Financial Status report as of January 31, 2025.

The Income Statement shows the major income and expense lines for the Fellowship. The columns show:

• YTD (Year to Date) Actual expenses as of January 31st

• YTD Budget as of January 31st

• Full Year Budget

The Balance section shows the following as of 1.31.25:

• Ops Budget Available Balance — this is the amount of cash on hand in the Operating Budget that does not have a restriction, such as Sunday Offering to be disbursed. 

• Ops Budget Pledges Receivable is the amount of pledges that have not been fulfilled as of 1.31.25. 

• Endowment shows the balance in the Endowment accounts net of funds allocated for grants. 

• DRWW Pledges Receivable is the pledges that have not been fulfilled as of 1.31.25. Construction Loan Balance is the amount of principal we owe on the loan.

As of 1/31/2025	YTD Actual	YTD Budget	Full Year Budget
Operating Budget Income Statement
Total Donation Income	325,815.28	278,894.00	478,104.00
Total Fundraiser Income	36,247.13	18,666.655	32,000.00
Total Rental Income	34,219.55	36,855.05	63,180.00
Total Other Income	5,537.23	10,980.65	18,824.00
Total Revenue	401,819.19	345,396.35	592,108.00
Total Payroll and Benefits	226,727.38	228,314.28	391,396.00
Total Building Expenses	55,445.90	60,725.01	104,100.00
Total Other Expenses	58,285.90	60,709.24	104,073.00
Total Expenses	340,459.18	349,748.53	599,569.00
Net Income/(Loss)	61,360.01	(4,352.18)	(7,461.00)
Balances		As of 1/31/25
Ops Budget Available Balance		119,435.80
Ops Budget Pledges Receivable		155,528.00
Endowment		572,355.00	as of 12/31/24
DRWW Pledges Receivable		1,483,583.00
Construction Loan Balance		1,753,000.00
Capital Campaign will continue to pay the monthly interest on the construction loan and has additional furniture and fixture purchases budgeted.