March 2026 Budget Report

Percentage of Income

The POI, or percentage of income, for the month totaled $365,400, which is over our budgeted amount of $250,716. The year-to-date POI through March 2026 was $2,065,529 and was $8,234 below the Fiscal Year 2026 budget of $2,073,763.

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. The data shows us, in comparison to December 2024, the POI remains close to what is typically received from each of our EPC churches.

  • The stated clerk and assistant stated clerk have needed to travel more than planned. Their travel budgets will likely remain with a negative variance.
  • The variance in Tech Services is due in part to aging equipment, new equipment needed for staff, and a matter of timing. While this variance should improve over time, a variance is expected due to the need for new equipment.
  • Variances in Effective Biblical Leadership, mainly committee travel, are a matter of timing and these variances should decrease over time.
  • Operating expenses totaled $2,595,377 through March This is $25,428 less than the FY26 budget of $2,620,805.
  • Total operating expenses through March 2026 are $22,796 less than FY25 expenses of $2,618,173.
  • The year-to-date operating change in net assets, excluding depreciation, amortization, and deferred rent was $65,067.
  • The change in assets due to operations as of March 2026 was $55,955.

Stated Clerk Dean Weaver shares, “While some of our numbers have increased, we are grateful to be able to continue serving those who carry out the Great Commission in unique ministry contexts. We are encouraged by your continued support and inspired to allow God to lead us even further with the Good News of our Lord and Savior Jesus Christ.”

Financial Position

The operating cash reserve ratio was 2.3 months in March of 2026 and was 1.7 months in March 2025.

Rolling Average

The current rolling average is $213,464 and is a 4.8% improvement over March 2025. 

Fund Balances Report

We have seen consistency in giving which allows the EPC to provide much needed resources to EPC churches and leaders for ministry. For example, our Medical Benevolence Fund remains stable (Ending Balance of $99,839) which allows us to help retired EPC ministers and missionaries in need of financial assistance for emergency medical situations. The Domestic Emergency Relief Fund has decreased with an Ending Balance of $446,733, but this is due to our aid of local churches as they serve their communities during natural disasters.

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.