Financial Position Summary

For the fiscal year ending July 31, 2025, Lakeside Presbyterian Church concluded the year with a positive net income of $22,233. Total general budget revenue reached $1,304,894.

Looking ahead, the Session approved a budget of $1,308,546 for the current fiscal year, reflecting expected growth in giving and moderate increases in certain expense categories.

Cash Savings and Designated Funds

As of November, the church holds approximately $1,036,000 across its various checking and savings accounts.

Of this amount:

• $320,000 is designated for special purposes outside the general budget, including our Building Fellowship Campaign, which currently has $102,800 available to cover construction expenses.
  
  

• $736,000 is held in our General Reserve account, from which a portion will be used toward upcoming construction costs to help minimize construction-related debt.

Most of our reserve cash is designated for future projects and savings, while our general operating budget continues to be supported primarily through month-to-month giving.

Giving and Construction Update

As we move further into Phase Three of our construction project, giving to both the General Fund (which supports regular ministry and operations) and the Building Fellowship Fund (which supports ongoing construction costs) remains essential.

To date, the church has borrowed $1,508,005 toward construction. The Session remains committed to using available reserves strategically to keep our long-term debt as low as possible.

Questions and Communication

We are deeply grateful for the continued generosity and faithfulness of our congregation. Contributions to the church can be made through cash, check, text, or online through our website www.lakesidepres.com/give-now. When giving to multiple funds through check, please designate on the memo line.