October 2026 Budget Report

Percentage of Income

The POI, or percentage of income, for the month totaled $195,732 which is below our budgeted amount of $218,219. The YTD (year to date) POI through September was $592,266 and was $45,696 less than the Fiscal Year 2027 budget of $637,962, which is a favorable variance of 7.2%.

POI is 1% of general operations revenue of a local church that is given to the EPC to support the mission and vision of the denomination.

YTD Operating expenses totaled $822, 311. This is $61,930 less than the FY27 budget of $884,030.

Total operating expenses for September are $3,451 less than FY26 expenses of $825,762.

The change in assets due to operations as of September 30, 2026 was negative $109,194 and is normal considering this time of year. The number is expected to improve in the coming months.

Stated Clerk Dean Weaver shares, “We are grateful to start Fiscal Year 2027 strong as we continue serving those who carry out the Great Commission in unique ministry contexts. Your continued support encourages us all the more to follow God’s lead as we share the Good News of our Lord and Savior Jesus Christ.”

Financial Position

The operating cash reserve ratio was 3.3 months in September 2026.

Rolling Average

The 12-month rolling average for POI is $217,314. This is 3.1% less than the rolling average as of September 2025.

Fund Balances Report

Your consistency in giving allows the EPC to continue providing much needed resources to EPC churches and leaders for ministry. Our Medical Benevolence Fund balance remains stable, which allows us to continue helping retired EPC ministers and missionaries in need of financial assistance for emergency medical situations. Its Ending Balance is currently $111,608. The Domestic Emergency Relief Fund has slightly increased with an Ending Balance of $411,135. We have also been able to provide training and development for leaders through our Gospel Priorities.

We are grateful for the opportunity to be a resource for our EPC churches as they minister locally, and we also thank each of you for your continued financial support and partnership in the Gospel.

If you would like to see a more comprehensive view of our financial report, please click here.