Craig Kegerise • Treasurer

We have reached September and are entering a new budgeting season. It is time for the annual update on how the church is doing financially and my projections for the rest of the year.

We started the year in a very strong position with income exceeding budget and expenses well below budget.  However, the typical summer downturn hit.  In fact, August was the lowest income month in over 10 years. As of the end of August, we have received income contributions that are 61.7% of our budgeted $1,299,000 income and approximately 14% below 2022 contributions.  That relates to being $65,635 below budget. However, Y-T-D expenses are $74,278 below budget or 61.2% below the annual budget amount of $1,370,882. As of the end of August, our income-expenses are $8,643 under budget. If our expenses hold and our contributions return to those at the beginning of the year, we should finish the year at budget.

As the Session, the Stewardship & Finance Committee, and other committees look forward to the 2024 budget and the future, we are working to ensure that Derry Church provides for the needs of our church members and the community as well as the financial stability of the church. By planning for the future, we can make sure we are managing our resources responsibly.

Because of the generous support of the congregation, we have not only met our operating costs, but have accomplished many capital projects such as refurbishment of the cemetery walls, improved signage around the church and an improved sound system. We have been able to sponsor and support a refugee family. Because of the generous support of the congregation, a new van was purchased in addition to a fantastic new piano for the sanctuary. We have been able to do mission work in our community and throughout the world, whether it be helping youth with college scholarships or building a new wing on the school in Pakistan. 

I would like to thank the congregation for your continued support of the church and its mission work in the community and the world. As our new stewardship campaign, “God Gives” begins, I look forward to the support of the congregation for our ongoing programs and exciting new ventures.

If you have any questions or would like to discuss anything relating to Derry’s finances, please contact me.