June 2026 Budget Report

Percentage of Income

The POI, or percentage of income, for the month totaled $238,985, which is below our budgeted amount of $249,293. The POI for FY26 was $2,670,923 and was $53,643 below the Fiscal Year 2026 budget of $2,601,393.

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.

  • Investment performance was flat in June. However, investments were positive for the year.
  • Additional staffing and manhours were needed to serve the increasing number of committees and improve communications on behalf of the OGA.
  • Some unplanned travel for OGA staff occurred, which created the variance in Staff Travel.
  • The stated clerk and assistant stated clerk have needed to travel more than was planned. This led to a negative variance in their travel budgets.
  • The variance in Tech Services is due in part to aging equipment, new equipment needed for staff, and a matter of timing.
  • Operating expenses totaled $3,451,934 for FY26. This is $60,452 higher than the FY26 budget of $3,391,482.
  • Total operating expenses for FY26 are $80,153 less than FY25 expenses of $3,471,635.
  • The year-to-date operating change in net assets, excluding depreciation, amortization, and deferred rent was $143,254.
  • The change in assets due to operations as of June 30, 2026 was $131,106.

Stated Clerk Dean Weaver shares, “We are grateful to be able to finish Fiscal Year 2026 strong, as this allows us to continue the work of 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 2.8 months in June of 2026 and was 3.1 months in June 2025.

Rolling Average

The 12-month rolling average for POI is $222,577. This is 7% higher than the rolling average as of June 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 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 $115,681. The Domestic Emergency Relief Fund has slightly decreased with an Ending Balance of $410,324, 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.