| September 2023 YTD | Revenue | Expense | Net Income/(Loss) |
| Actual | $245,303 | $223,429 | $21,874 |
| Plan | $233,860 | $224,651 | $9,209 |
Through September, pledge giving is 6% ahead of our plan, driven by several giving units that have paid ahead on commitment. However, this favorability is likely to decline over the balance of the year. Non-pledge giving is behind our plan. Rental donation receipts are higher than expected due to increased use by outside groups and facility use payments from COH Preschool.
Expenses are running higher than our plan driven by two areas. First, Property expense is $4,600 worse than expected due to higher costs for utilities, maintenance and repair, and cleaning services. Second, staff costs are $3,300 higher than expected due to increased activity. Offsetting this are lower than planned expense for Pastor’s auto and continuing education allowance ($2,300), call related expense ($3,000) and a decision to hold on extra mortgage principal payments for now ($3,000).
On balance, Revenue less Expense is somewhat more favorable than we had planned at this time, but this favorability is expected to decline. We believe there is adequate budget flexibility to manage expenses close to our original annual Mission Plan. Whether we end the year with a net surplus or deficit will depend entirely on giving levels in the final quarter. Please review your year to date giving statements and prayerfully consider your continued support.