Deacon Financial Update

July 2025

Here are a few highlights:
  • Total giving is 9% higher ($9k) and expenses are 4% lower ($6k) on a year-to-date basis vs prior year
  • Our cash balance is $617K in the general (operating) fund and $840K across all funds.
  • Our loan balance (for the land and building) is $185K.
  • We finished the last fiscal year in a healthy position.   Giving exceeded plan by $317k (thanks to 2 large gifts) which allowed us to absorb costs of $147k more than plan, mostly a result of facility maintenance.  We finished the year with positive cash flow of $214k, including $44k of nonbudgeted items.
Looking forward there are a few things to point out:
  • Our 2025-2026 budget is set at $1.56m.  This is a 5.3% increase over the prior year plan, but 15% lower than prior year actual giving.   
  • Roof leaks present the biggest facility challenge.  Leaks are hard to find and expensive to fix.  Still exploring options to address in the best, but also cost effective manner.  We do not qualify for an insurance claim.
  • While the irrigation system works, when we turn it on and put some pressure in the lines, the 25+ year old pvc breaks at the weakest points.  Still exploring options here as well.
  • Need to look at ceiling tile replacements, but don’t want to do so until the roof leaks are addressed.
  • The children’s area is next up on the LED lighting replacements.
  • Continue to look at responsible ways to make improvements to our facilities and worship experience.

As you are aware, Crossroads receives no outside support.  100% comes from the people that call this their church home.  Thanks for your time and attention.  For any questions,  please email Mitch.Wohlgemuth@crossroadsbible.org.

The Deacon Board