Finance update - FY26, Q4

Here's the end-of-year finance update for FY26 with our new treasurer, Katherine Goetz!

FY26 Year-End Financial Summary
Salt House Church | July 2026

Key Highlights

• FY26 concluded on June 30, 2026.
• Katherine Goetz is Salt House's new Treasurer!
• Overall financial position is healthy, with strong giving and spending below budget.

Operating Income

• Total operating income: $578,095
• Finished 99% of budget (approximately $6,900 below budget).
• General giving remained very strong and was the highest in several years.
• Gratitude expressed for the generosity of the Salt House community.

Operating Expenses

• Total operating expenses: $536,452
• Finished 94% of budget (approximately $34,300 under budget).
• Office expenses exceeded budget.
• Savings in other ministry and operating categories more than offset those additional costs.

Year-End Results

• Net operating surplus: $41,643
• Surplus exceeded budget expectations by approximately $27,500.
• Strong financial stewardship resulted from both generous giving and careful spending.

Restricted Funds & Balance Sheet

• Restricted funds remain healthy, despite increased spending during the fourth quarter.
• General Fund and all designated funds remain in good financial condition.
• Assets, liabilities, and overall cash position remain stable and healthy at year-end.

Looking Ahead

• FY27 began on July 1, 2026.
• Members with recurring online gifts are encouraged to review and adjust their giving if desired.
• Giving changes must be made by donors through Church Center; Salt House cannot modify recurring gifts on members' behalf.
• Instructions are available on the Salt House website - https://www.salthousechurch.org/giving