Financial Fundamentals November 2024

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.

First Fox Hill finances through September 2024 remain challenging. We are handling our operating expenses, but continue to fall behind on our important maintenance set asides and Apportionment payments. We anticipate being able to catch up slightly in October.

Our annual budget/spending plan for 2025 has been approved by Church Council. It reflects about $21,000 (3.3%) in savings over the current year and will need your continued strong support to accomplish our program plans. The stewardship campaign will be low-key and culminate on Stewardship Sunday, November 17, when we ask you to return your Commitment Card for 2025.

The project to replace our nearly 23-year-old roof is “coming soon”. The project is in the bidding/estimating process. We would love to be able to fund it through a one-time campaign; details will be forthcoming.

What are Apportionments? The UMC is a connectional church with churches working together to support the efforts of each other through a structure of Districts, Annual Conferences, and the General Church.  One of the areas Apportionments cover is the General Administration Fund. This fund underwrites and finances general church activities that are administrative in nature, rather than program-related. General Council on Finance and Administration coordinates and administers the finances of the church, receives, disburses and accounts for the church's general funds, safeguards the denomination's legal interests and rights, compiles and publishes denominational statistics, and maintains the church's records.

Your third quarter donation statement (which is not a bill) shows your contributions supporting First Fox Hill. Please carefully check yours to make certain our records match yours. Notify us promptly with any questions so that we can address them before producing annual reports which you may need for tax purposes.

Your support, especially through the General Fund, makes everything possible. Thank you! Thank you! Regular donations can make your gifts easier on everyone’s cash flow. On the web, go to www.firstumcfoxhill.org, click on “Give”, and scroll down to the “Give Online” box. If you are reading this online, click here for easy access. Or use your camera to scan this QR code regularly seen in our publications and live stream.

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 September 2024
Income For Planned Expenses1		$ 364,248
Total One Fund Expenses (excludes pass through2)	Planned	$ 473,490
	Actual	$ 352,688
Pass Through Income2		$ 3,546
Pass Through Expense2		$ 2,925
“Pay-It-Forward” Contributions		$ 2,640
LUMENs Fund Raiser Income		$ 1,060
LUMENs Fund Raiser Expense		$ 0
1Includes regular and memorial contributions, building use income, interest, etc. 2Represents contributions for non-budget items, e.g., flowers, special mission programs, etc.