1. Income Performance

• Total Contributions (Income):
  • Actual YTD: $134,081.07
  • YTD Budget: $201,366.46
  • Shortfall: $67,285.39 below budget (67% of budget achieved)
  • The same figures apply for the current month, indicating January is the first month of the fiscal year.

2. Expense Performance

• Total Expenses:
  • Actual YTD: $182,486.21
  • YTD Budget: $201,366.46
  • Under budget by: $18,880.25 (91% of budget spent)
• Expense Categories:
  • Most ministry areas (Missions, Music, Kid's, Student, Adult, Support Ministries) spent less than budgeted.
  • Administration and Buildings & Property exceeded their budgets (112% and 102% of budget, respectively).
  • Payroll was slightly under budget (94%).
  • Capital Reserve was exactly on budget (100%).

3. Net Income (Loss)

• Net Loss: $48,405.14 for January 2026 (both YTD and current month)
  • This is due to income being significantly below budget, despite expenses also being under budget.

4. Fund Activity Summary

• General Fund:
  • Began with $658,774; ended with $610,369 after a net loss of $48,405.
• Missions Fund:
  • Increased by $6,700 (ending at $24,599).
• Benevolence Fund:
  • Small increase of $138 (ending at $9,552).
• Building Fund:
  • Increased by $11,985 (ending at $190,457).
• Capital Reserve:
  • Slight increase of $1,201 (ending at $649,527).
• Endowment Fund:
  • Increased by $10,751 (ending at $648,840).
• Weekday Preschool:
  • Significant increase of $41,567 (ending at $197,288).
• Total Funds:
  • Overall decrease of $28,211 across all funds (ending at $1,513,166).

5. Key Risks and Opportunities

• Risk: Income is substantially below budget, resulting in a net loss for the month.
• Opportunity: Most expense categories are under budget, which helps offset the income shortfall.
• Positive Note: Several designated funds (Missions, Building, Endowment, Preschool) saw increases in their balances.

Example Implementation:

• If presenting to a board, highlight the need to address the income shortfall and monitor spending in Administration and Buildings & Property.
• Use the fund activity summary to reassure stakeholders that designated funds remain healthy, even as the General Fund experienced a loss.

This summary provides a clear, actionable overview of the church's financial position as of January 2026.