Annual Reports And Finances

Summer has come and gone, children are well into the fall semester, and we’ve had an incredible Kick-Off to the church year. The Finance committee would like to provide you with a financial update two thirds of the way into 2024. Overall, we are on firm financial footing through 8/31, and periodic updates will come as needed. We are currently in good financial standing, and we want to offer a huge thanks to all of you for your generosity. Because of your pledging for 2024 we have been able to have an incredibly successful year of ministry and we have seen the fruits of your generosity in increased youth participation, the need for another children’s Sunday school class, support of our Wednesday lunches and affordable housing, and incredible opportunities for worship and music. We will soon embark on our 2025 stewardship campaign, but before we do so we’d like to remind you to check the status of your 2024 pledge and complete it so that we can finish this year of ministry as strong as we began it.  Thank you for your generous support of First Pres.

Investment assets are currently near $2.7 million which is up about $650 thousand since the end of 2022. We moved excess liquidity funds from the general operating account to cash reserves to improve investment returns, which account for about half of the increase in assets. We also received a gift to the endowment fund during this time. The remaining increase is attributable to investment returns.