Faithful Stewards, Generous Hearts (2 Corinthians 9:7).
2025 Financial Summary for Westminster Presbyterian Church
Key Takeaways
• Revenue: Donations and tenant rent expected to exceed budget; donations up significantly for the first time since 2020. Fundraising included one-time events like the 100th Anniversary Dinner and Flea Market. Chapel rentals were below plan.
• Expenses: Controlled overall, aided by lower benefit costs and favorable medical plan pricing. Utilities and maintenance exceeded budget due to unexpected repairs (sewer line, irrigation) and HVAC loan payments.
• Cash Position: Improved compared to last year; received $30K property tax refund and $18K donation for Fireside Room roof. Ready to address deferred maintenance.
• 2026 Budget Highlights: Modest rent increases, fundraiser projected at $36K, chapel rent remains a risk. Personnel salaries up 4%, lower medical costs, higher utilities and insurance. Technology upgrades planned. Budget is cash positive and allocates funds for future maintenance.
• Revenue: Donations and tenant rent expected to exceed budget; donations up significantly for the first time since 2020. Fundraising included one-time events like the 100th Anniversary Dinner and Flea Market. Chapel rentals were below plan.
• Expenses: Controlled overall, aided by lower benefit costs and favorable medical plan pricing. Utilities and maintenance exceeded budget due to unexpected repairs (sewer line, irrigation) and HVAC loan payments.
• Cash Position: Improved compared to last year; received $30K property tax refund and $18K donation for Fireside Room roof. Ready to address deferred maintenance.
• 2026 Budget Highlights: Modest rent increases, fundraiser projected at $36K, chapel rent remains a risk. Personnel salaries up 4%, lower medical costs, higher utilities and insurance. Technology upgrades planned. Budget is cash positive and allocates funds for future maintenance.
