Watermark's Fiscal Year Update
First of all, thank you for your faithful giving!
Our fiscal year is June - May, so we just wrapped up our budget year and we are beginning a new budget season.
Here is a snapshot of where things are at with our General Budget:
June 1, 2024 - May 31, 2025
Giving Budget: $ $690,000
Giving Actual: $675,965
Expenses Budget: $678,480
Expenses Actual: $677,279
Highlights of this past budget year:
- Facility (Hub) Payoff. We were facing an interest rate hike on our mortgage, so it made sense to pay off the mortgage on our building which saves us $37,000/year (interest & payments) vs. having a higher balance in our bank account. We are debt free!
- Watermarkers generously supported our Above and Beyond Projects! Locally - Kid's Belong: $42,834 and Globally - Ethiopia Project: $36,254!
- We were able to give out around $19,000 to meet practical needs in our community through benevolence. This includes helping people stay in their homes, medical bills, food support, gas, counseling support, funeral support, and electric bills.
Looking Ahead - June 1, 2025 - May 31, 2026
- Giving Budget: $726,350
- This is a 4.5% increase as we seek to expand ministry as well as account for increased expenses due to inflation.
Pray and Participate:
- Please pray and ask God to provide resources for the continued ministry here locally and globally.
- Please prayerfully consider participating in giving if you haven't jumped in.
- Finally, If you would like to worship God through giving, you can do that in person at a giving box or you can give here.
Thank you again to all who faithfully give and help make the mission move forward.