By the Numbers

Finance Summary (2Q Quarter Report, 2025-26)

pdfRev__Exp_Board_-_December_2025.pdf

2Q Finance Summary FY2025-26 

Six months into the fiscal year, both expenses and income show an active Fellowship. Income is again trending ahead of last year, and expenses are as well (as expected). This is due to full staffing and cost of doing business increases. Rentals are slightly ahead of last year as the campus remains busy.

Key Balances (as of December 31, 2025)

 

Dec 2025

Dec 2024 (last year)

Net Operating Total YTD

$126,694

$17,173

General Reserve Fund

$34,901

$31,782

Strategic Initiative Fund

$470,165 ($150,000 planned transfer for 25-26 budget)

$205,380 ($129,000 planned transfer for 24-25 budget)

Campus Needs Fund

$179,098

$116,662

Truist Loan

$22,306

$45,896

Minister’s Discretionary Fund

$30,769

$21,069

Inside the Numbers

On the income side:

  • Pledge income is significantly ahead of last year.
  • Rental activity remains very steady and just slightly ahead of last year.
  • Generous gifts for special collections.
    • Three Generosity Sundays:
      • El Centro Hispano ($3,079)
      • Communities in Partnership ($2,061)
      • Urban Ministries of Durham ($4,638)
    • November Justice month:
      • Urban Ministries ($6,557)
      • Cristosal ($9,835)
    • LGBTQ Center ($449)
    • Jazz Vespers ($821, plus amount from Minister’s Discretionary Fund = $1,000 to local non-profit, Village of Wisdom)
    • Minister’s Discretionary Fund ($25,166)

On the expense side:

  • Most budget lines are at or below budget. There are some increases in the cost of doing business which are reflected in several expense areas (utilities, insurance, inspections).
  • Full staffing resulted in higher personnel costs (relative to last year) in the first part of the program year.
  • Charitable contribution statements for tax year 2025 will be sent out in January.
  • Loan for AV to help extend Strategic Initiatives Fund.

Amount of Loan: $114K.              Term: 5 years, 3.2%.                     Monthly payment: $1,999.

This is listed as a liability on the Balance Sheet with only the interest expense posting to the monthly Revenue/Expense report. Current balance: $22,306.

  • Planned Reserve Transfer. Per recommendation from BFAC, this year the planned transfer will post 50% of the planned amount at six months into the fiscal year, with the remainder to balance the budget posting at the end of June. This shift in accounting practice means that $75,000 was posted in December which significantly impacts the YTD figure, especially as compared to last year at the same point. The intention here is to reflect expenses relative to budgeted income in a more realistic way as the fiscal year unfolds.

Key Reserve Funds Update

Based on recommendations for the Board Finance Advisory Committee, the proceeds from the Special Campaign from last year have now been allocated:

$100,000 to Campus Needs Fund

$546,814 to Strategic Initiatives Fund

Going forward the Treasury bill interest will be split evenly between the two funds.

Additional gifts received from campaign pledges will go to Strategic Initiatives.

Note: The Campus Needs Fund is restricted to maintenance only, whereas Strategic Initiatives Fund is more flexible and can be directed as needed.

There was a $25,000 bequest gift to the Strategic Initiatives fund in December.

Document prepared by

Daniel Trollinger, Executive Minister