Budget Report
As of March 2025, the POI, or percentage of income, for the month totaled $288,562, exceeding the budgeted amount of $230,733. POI is 1% of general operations revenue of a local church that is given to the EPC to support the mission and vision of the denomination. The data shows us, year to date, the POI has increased by 7.6%. This means that we received more income than the expected 1% from each of our EPC churches.
In response to these findings, Stated Clerk Dean Weaver shares, “We are extremely grateful for the continued support of the churches as we work together to fulfill the vision and mission of the EPC.”
We are not only seeing an increase in giving but a reduction in expenses. Total operating expenses through March 2025 are $193,337 less than FY24 expenses.
The 12-month rolling average for POI is $210,137 – 2.3% higher than that of March 2024.
Fund Balances Report
Through an increase in giving as well as an increase in gains from investments, The EPC has been graced with the capacity to do more in advancing God’s kingdom. For example, our Medical Benevolence Fund continues to grow (Ending Balance of $107,720) which allows us to help retired EPC ministers and missionaries in need of financial assistance for emergency medical situations. The Domestic Emergency Relief Fund stands strong with an Ending Balance of $1,017,587. We are grateful for the opportunity to bless our EPC family with accessible resources.
With the end of the third quarter, we are encouraged by the consist support of our EPC churches that allows the EPC to effectively pour into our leadership and minister to the world around us.