6 Month Financial Update

A few years ago we began sharing our financial situation in the bulletin on a weekly basis as opposed to once a year at our Financial Info Nights. This was a direct response to an increased desire from WCVers to be “in the know” and to “own the financial situation of the church.” This letter is written in that same open Screen Shot 2016-07-21 at 3.00.30 PMspirit. We hope this information will help us carry our financial situation together as a whole church, each person taking ownership without manipulation.
As always, we hold this situation in prayer and ultimately look to God for provision and wisdom. We feel writing this update is part of that. Ultimately, this situation is not in the BOD’s, Pastoral or Lay Elder’s nor even the congregation’s hands. It is firmly in God’s hands – we’re simply trying to be obedient to our part.

“Some trust in chariots and some in horses, but we trust in the name of the LORD our God.” Psalm 20:7

Here’s the 6-month situation as of June 30:

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The current deficit of $36,702 compares to $14,595 in 2015. This deficit includes the $13,280 buffer surplus that we used to cushion the shortfall and needs to be replenished. This deficit is alarming given that it is only mid-year and so high.

There are two reasons the significant deficit this year:

  • Our regular offerings are down and in line with the income shortfall (other sources of income, like rentals, are not down). Our donations for June were at a 3-year low and the trend from the past few months is down.
  • Our expenses to operate are increasing with no option but to pay.

As your Staff and Board we consider this situation to be unprecedented enough to make some recommendations that may help immediately. We ask you to prayerfully consider responding.

Here are a few ways to respond:

  • Review your current giving level and year-to-date totals. If you have a shortfall please consider topping-up immediately.
  • If you haven’t already done so, consider signing up for pre-authorized withdrawals. This helps tremendously with cash-flow.
  • Consider increasing your giving level.
  • Pray for God’s provision of our financial needs. We rely on His supernatural provision at all times but sometimes forget to thank Him in times of plenty and continue asking for His help in times of scarcity.

We continue to believe that WCVers have the potential to meet all our annual budget needs. Whatever your interpretations are about tithing (10% to the local church – be generous in every situation – or something in between), the call to us as followers of Jesus is to be generous and the call to us as a local community of believers is to hold our local needs up in prayer and practice. Again, we trust in the Lord, not in finances (or horses or chariots!). He will see us through this, but not without forming us a little more into Christ’s likeness first. As leaders, we will continue to manage well and communicate info as relevant. Thanks for walking with us through this – thanks for your support – and thanks for your prayerful consideration of this letter!

Prayerfully & Thankfully,

Your Staff and Board of Directors