Wednesday, November 27, 2024 - St. Andrew’s Finance Committee

Financial Musings: St. Andrew’s Performance So Far in 2024 

A quick financial update from the Finance Committee. Through October, givings are behind last year’s level and below our budgeted target for the year. Presbyterians Sharing is also lower than last year through the first ten months. On the positive side, we have seen an increase in other outreach/missions givings as well as an increase in other revenues driven by growth in rental income as the church implements its new property model.

On the expense side, our spending remains slower than last year through October. Capital expenses, music are both lower than last year while administration and ministry expenses are slightly higher although in line with what was budgeted.

Overall, we are close to our financial position last year through October. That said, we are hoping for a strong finish to the year to help us achieve our budgeted goals. The Finance Committee has adopted a strategic plan for financial sustainability which would see return to a balanced budget over the next three years.

Your ongoing support to St. Andrew’s ministries and missions is deeply appreciated. Thank you 😊