Financial Fundamentals October 2025

October 1st, 2025
by Bill Bryan

This report briefly addresses finances at FUMC Fox Hill. The latest information is in the weekly bulletin available at church or through our web site.

HALLELUJAH!!! Except for some sidewalk work by the Prayer Garden, our major

repair and replacement projects on the Boiler, HVAC, and Roof are complete!

Now, all we need to do is pay for them. The total project cost to date is

$216,106.90. Of that we have raised a very significant $121,479.50. The balance

was paid for through a loan we must pay back. Our wonderful congregation has

really stepped up to this point and is continuing to make donations. This is your

chance to help us avoid some interest payments. The year end is often a time

when extra, special donations help us finish the year covering all our regular

expenses. This year we still need it plus your additional help with paying down

the loan. Thank you for your support to date and in the future!

Speaking of year end contributions, they are always needed just to pay our bills. At this point we are still behind on our Conference and District obligations and have not set aside planned reserve funds for future major maintenance. We need everyone’s help. If you are fortunate to have stocks that have done well this year and/or have an IRA with a required minimum distribution, contributions to First Fox Hill can be of mutual benefit. Talk with your tax and/or financial advisor and touch base with Bill Bryan, Finance Chair, before taking any unfamiliar action, but don’t delay and miss out.

Your latest giving statements should be out soon. These are not bills, but a way for you to help us make sure we have properly recorded the information which may be important for the upcoming tax time. Be sure to check yours as soon as you receive it and let us know of any issues, including if you don’t receive one you expect.

Regular giving is usually the most convenient. Your contributions count whether they are through the offering plate, in the mail, or on-line. One way to help you stay up to date may be on-line where you can easily make one-time gifts or regular recurring donations. Get started at our web site www.firstumcfoxhill.org by clicking on Give. If you are reading this online, click here for easy on-line access. Or use your camera to scan this QR code which is regularly seen in our publications and live stream. As noted above, those with IRA funds which must be withdrawn and/or appreciated stocks, may be able to achieve some added benefits by using them for direct contributions. Always talk with your tax and/or financial advisor before taking any unfamiliar action. Also talk with Bill Bryan, our Finance Chair, about your plans.

Please direct concerns/questions about FUMC FH finances to our financial staff via the office or Bill Bryan, Finance Chair, at (757) 851-0748 or by e-mail to billb-1111@cox.net.

Total One Fund – Through August 2025
Income For Planned Expenses¹		$288,901
Total One Fund Expenses (excludes pass through²)	Planned	$397,616
	Actual	$307,063
Pass Through Income²		$1,085
Pass Through Expense²		$3,950
“Pay-It-Forward” Contributions		$1,719
LUMENs Fund Raiser Income		$25
LUMENs Fund Raiser Expense		$0
Roof & Boiler Repair Income 20253		$94,494
Roof & Boiler Repair Expense 2025		$101,791
¹Includes regular and memorial contributions, building use income, interest, not listed, etc. ²Represents contributions for non-budget items, e.g., flowers, special mission programs, not listed, etc. ³ Does not include $153,922 net loan for roof project.