Treasurer's Notes: July to September 2026

July 1 through September 30, 2026

The analysis of the first quarter of our fiscal year is done and presented to our Leadership Board. Following are critical observations:

• Ministry giving for the past 3 months is $120,115.61, averaging $40,038.54 per month. This is well short of our approved quarterly budget of $151,885 each quarter or $50,628 per month.
• Investment earnings and other revenue brought total revenue to $154,550.92. Total revenue ended at about $15,000 short of budget.
• Included in other revenue is our annual distribution from McPherson Community Foundation of $7,070.
• Expenses include one-time items such as $5,000 for senior scholarships and $7,970 for an annual subscription of digital services.
• The church paid ATS, LLC $4,998 for carpet and pew cushion cleaning.
• Payroll for staff and pastors was slightly below budget, but expected due to bi-weekly payroll generation and some quarters will be slightly above budget due to timing.
• You probably noticed improvements to our tech booth resulting in better sound throughout the sanctuary and "freeze-free" video transmission of online services. These were paid for from a $50,000 transfer of investment funds.
• We completed our 4-year commitment to Africa University with our final payment of $6,500, also transferred from our investments.
• For the first quarter of our 2026-27 year, we see a net operating loss of $36,074.92. Our budget shows a quarterly loss of $7,340.00.

Our HVAC Project

• We have not yet paid the remaining payment of $200,582.00 to P1 due to unresolved issues including a leaking door seal on one roof vent, pipe insulation issues, and roof units waiting on back-ordered factory parts.
• The final payment consists of $165,000 as the remainder of our payment plan PLUS $35,582 in contingency costs. This payment will be made when all work is done and satisfactory. (Contingency costs include management of overhead electrical lines, lowering ceilings, and water treatment connections.)

Our Loan

• Our loan balance on September 1 was $1,128,000. Due to generous giving, we paid $66,000 in principal on September 24. The resulting balance at quarter-end is $1,066,000.
• In case you are interested to know the decision of Leadership Board, we accepted a 3-year term, 6.25% fixed rate loan. The loan is secured with a mortgage on our church property. We are charged interest each month with no fixed principal monthly payment.

Tomorrow First Capital Campaign

• Our wonderful members have given a total in 2026 (through September) of $455,857.08. $75,448.35 was given in the July through September quarter. Thank you! (Additionally, we received $62,506.51 in October and made a second principal payment of $60,000.)

I am grateful for your support of McPherson First United Methodist Church!!

Karen Snyder, Treasurer