As of the end of March, we are 25% through the budget year. Our total revenue as of that date was at 27.9% though only pledge income was above 25% of budget. Football and parking income occurs mostly during football season. As the 60th Anniversary Campaign pledges come in, we will have more funds to move to our Merrill Lynch account to increase our interest income.
Personnel expenses are below budget so far. Dar ended her employment. Catherine continues to work about 8 to 10 hours per week until we have settled on an outside accounting firm. Things will change once the executive director position is filled. We may want to amend the budget to better reflect these changes in staffing and to add a line for outside consulting for the accounting service.
Mortgage appears to be well above budget, but that is because of the payoff of the PNC mortgage in January and my miscalculation of the payoff amount. Because we have agreed to a shorter term for our loan with the Cornerstone Fund, this line item will also be way over the original budget.
So far utilities appear below budget, but this number does not include the bill for March that will be paid in April.
Operating expenses are a little over budget in general. Advertising for the office manager and then for the executive director are why that item is so high. The budget paid $1,500 toward the cost to upgrade the Reimer Hall sound system. The endowment paid $3,500. This is why the technology line is higher than expected.
As usual for the first quarter program expenses are low.
Mostly because personnel expenses have been lower than budgeted so far, there was a surplus of $49,299 of revenue over expenses through the first quarter. This is 5% of the total budget.
At the end of March are total designated funds balance is $248,402. This is down $15,383 from the January 1st balance.
Paying the deposit created a negative balance for the all church retreat designated account. Similarly, there is a negative balance for work tour because of deposits made for that trip.
Food 4 Kids spent $16,223 through March on this important program. Revenue from the Alachua County CAPP program has provided $4,498 so far in 2026.
The $5,000 spent from the Miscellaneous Outreach Fund went to the Rural Women’s Health Project. Those funds came from the church endowment.
Funds from the endowment will cover the $3,500 deficit in the AV Upgrade fund.
The Building Improvements fund received $19,100 in donations and has spent $6,687 for the Reimer Hall foundation work. The fund will have paid about $22,000 for replumbing work in April.