The summary highlights overall income, expenses, net results, and notable fund activity, providing a clear snapshot of the organization's financial health for both the month and year-to-date (YTD).

1. Overall Financial Performance (YTD and February 2026)

• Total Income:
  • YTD: $297,528 (74% of budgeted $399,979)
  • February: $163,447 (82% of budgeted $198,613)
• Total Expenses:
  • YTD: $372,343 (93% of budgeted $399,979)
  • February: $189,856 (96% of budgeted $198,613)
• Net Income (Loss):
  • YTD: -$74,814 (deficit)
  • February: -$26,409 (deficit)

Key Insight: Income is significantly below budget, while expenses are closer to budget, resulting in a notable deficit both for the month and YTD.

2. Departmental Expense Highlights (YTD)

• Buildings & Property: $72,931 spent (115% of budget)
• Payroll: $223,905 spent (93% of budget)
• Missions, Pastoral, Student, Adult Ministries: All under budget, with Pastoral Ministry at only 32% of budgeted spending.
• Capital Reserve: On target (100% of budget)

Example: Buildings & Property exceeded budget by $9,670 YTD, while Pastoral Ministry spent $2,791 less than budgeted.

3. Fund Activity for February 2026

• General Fund:
  • Began with $610,369, ended with $583,960 (decrease of $26,409)
• Missions Fund:
  • Increased by $5,050 to $29,649
• Benevolence Fund:
  • Increased by $2,134 to $11,686
• Other Designated Accounts:
  • Decreased by $13,461 to $14,630
• Building Fund:
  • Decreased by $2,056 to $188,401
• Capital Reserve:
  • Decreased by $141,969 to $507,558 (due to large expense)
• Endowment Fund:
  • Increased by $16,448 to $665,288
• Weekday Preschool:
  • Increased by $14,221 to $211,818

Total Funds:

• Decreased from $1,513,166 to $1,339,613 (net decrease of $173,552)

4. Key Strengths, Gaps, and Risks

• Strengths:
  • Most ministry areas are controlling expenses and staying under budget.
  • Endowment and Preschool funds are growing.
• Gaps/Risks:
  • Income is well below budget, creating a deficit.
  • Buildings & Property and Capital Reserve expenses are significantly over budget, impacting overall fund balances.

5. Opportunities

• Focus on increasing contributions to close the income gap.
• Review and manage property and capital expenses to prevent further overages.

Conclusion: The organization is facing a budget shortfall due to lower-than-expected income and some over-budget expenses, particularly in property and capital reserves. However, strong expense management in ministry areas and growth in certain funds (Endowment, Preschool) are positive signs. Immediate attention to income generation and expense control in key areas is recommended.