Finance Update FY27 Q1

November 4th, 2026
by Jason Bendickson

Salt House – FY27 Q1 Financial & Council Update
November 1, 2026 | July–September 2026

Financial Report – First Quarter

1. Overall financial picture: A very strong first quarter!

Total operating income: $207,616
- 40% above budget.
- 61% higher than Q1 of last year.
- Includes some one-time and front-loaded giving, as well as special giving for Pastor Sarah's sabbatical.
- Leadership will continue monitoring giving trends throughout the year.
Total operating expenses: $151,322
- Slightly below budget.
- Expenses include sabbatical-related giving.
- Savings are also being realized because the youth leader position remains vacant.
Net operating income: $56,283
- A positive operating balance for the first quarter.
- If giving for the remainder of the year matches last year's pace, Salt House is projected to finish the fiscal year with a positive balance.
- This puts the church in a strong position to remain flexible and respond to unexpected needs.

2. Fund Balances

3. Assets & Liabilities

Total assets: $3,714,372
- Current assets (checking, savings, CDs, etc.): $376,801.
- Fixed assets (church property, land, building, equipment, and parsonage): $3,337,571.
Total liabilities: $34,518.
Overall, the church's financial position is healthy.

4. Pledge Drive & Stewardship

Approximately 40% of pledged donations have been received, tracking with the percentage of giving compared to the annual budget.
A new Stewardship Committee is being planned to support future pledge drives and encourage sustainable giving.
Volunteers are welcome, particularly those who enjoy:
- Storytelling.
- Writing.
- Graphic design.
More information about joining the committee will be shared soon.

5. Additional Financial Information

Salt House does not currently accept gifts of stock directly.
Members interested in donating stock can use a Donor Advised Fund (DAF) to make a gift to Salt House.
Donors should consult their tax or investment advisers for guidance specific to their circumstances.
Questions can be directed to the Treasurer or President.

6. Council Update

Salt House is hiring a Director of Children, Youth, and Family Ministry.
The position is posted online. Congregants are encouraged to share the opportunity and refer potential candidates to Pastor Sarah.

Opportunities to Get Involved

Several teams are inviting new participants:
- Stewardship Team: Help support pledge drives and sustainable giving. Contact Jim.
- Tech Team: Help address technology needs and issues. Contact Paul.
- Youth Team: Support youth ministry. Contact Pastor Sarah.

Council Team Liaisons