Financial Update

By John Clausing

Executive Director of Operations | Central

As the summer months are upon us, Faith Church, and before you leave town for that much anticipated get away, we want to update you on the financial status of your church. As of April (the last available full reported numbers), our giving totals were $2,112,658 and our year-to-date budget was $2,378,533. Thus, we are at 89% of our budget. Last year our giving amount through April was $2,113,373. Thank you Faith Church for your continued faithfulness and your financial dedication to ministry.

We also want to make you aware of another significant item regarding budgeting and the finances of the church. This year we are transitioning to an adjusted fiscal year. Faith Church has always operated on a fiscal year that started on January 1 and ended on December 31. Moving forward our fiscal year will now begin on July 1 and end on June 30 - beginning this year. This change is a result of much discussion and strategizing by the church deacons and approved by the Church Board (Governing Consistory). It is not uncommon for churches to switch to this model. Feel free to contact your campus deacons for more details on this process (WeAreFaith.org/leadership).

What does this change mean? For our staff and deacons this means that a new 2021 / 2022 budget needs to be created and initiated. This will follow our normal process of creation, review, adjustments and approval by the deacons and Governing Consistory. For you, our church family, nothing really changes. Your giving and the reporting of it still follows conventional calendar year guidelines; you will receive your giving report at the end of the calendar year for that year’s giving - the same as always.

Our ask is for you to continue to seek out what God is asking of you in your “worship through giving” to your church. Faithful and regular giving throughout the year allows ministry to continue, needs to be met and lives changed! For more information, email jclausing@wearefaith.org.