July marked the beginning of our new fiscal year which runs July through June and aligns with the preschool. We will refer to this as the “2026 Fiscal Year”, ending June 30, 2026.
While we experienced a small deficit in the first two months, this was somewhat less than the planned deficit. We plan for small deficits in the July to December timeframe due to the seasonal pattern of giving. Offerings are generally higher than average in the January to June period.
Through August, total receipts were $6,000 better than expected driven almost entirely by Offerings. Given that we saw a shortfall in Offerings during the Stub period, this is a positive start to the new year, especially since Offerings typically dip during summer.
Overall expenses were $1,000 lower than planned. Property expense was worse driven by AC repairs. This was more than offset by lower spending for Service (i.e. benevolence) and mortgage expense, although this is simply timing since the spending will occur in the near future.
On balance, the revenue less expense deficit that we planned to see at this point due to the seasonal timing of Offerings was less than expected. Thank you for your continued support of Esperanza’s ministries.
| August 2026 YTD | Revenue | Expense | Net Income/(Loss) |
| Actual | $60,081 | $61,844 | ($1,763) |
| Plan | $53,916 | $63,036 | ($9,120) |