Finance Update - FY26, Q3
Here is our FY26, Q3 finance update with Treasurer Irwin Dolbowsky.
Treasurer Transition & Role Overview
Financial Health Snapshot
Funds & Accounts
Upcoming Financial Activities
Giving Options
- Irwin's term is ending; a new treasurer is needed.
- The role is well-defined and manageable, with strong team support.
- Time commitment: ~10–12 hours/month (more during budget season).
- No formal financial, business, or church experience required.
- Key responsibilities:
- Ensure financial processes are followed
- Approve expenses (accuracy, documentation)
- Report finances (quarterly, annual, council)
- Prepare the annual budget
- Emphasis on balancing faith-driven vision with financial sustainability.
Financial Health Snapshot
- Giving: Strong and on track for the year.
- Income: Slightly above projections overall.
- Expenses: Currently lower than expected; higher costs anticipated later in the year.
- Net Position:
- Currently ~$60,000 surplus ($50k over budget).
- Overall outlook: Positive financial position expected by year-end.
Funds & Accounts
- Restricted funds: Healthy and actively supporting community initiatives.
- General fund: Growing steadily.
- Building repair fund: ~$10,000 remaining after roof repairs; being replenished.
- No long-term debt; liabilities are short-term/operational.
Upcoming Financial Activities
- Pledge campaign launching soon.
- FY27 budget process underway:
- Virtual budget forum in early May (recorded option available)
- Congregational vote scheduled for June 14
- Bookkeeping transition:
- Current bookkeepers ending in June
- New firm secured: McBooksInc. (Seattle-based, nonprofit-focused)
- Transition happening in June
Giving Options
- In-person (Joy Jar)
- Online (including recurring giving—preferred for stability)
- QR code / tap-to-pay (new option)
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