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Financial Overview
First Pres Financial Information. At the request of Session and the Finance Committee, a simple month-to-date financial summary will appear once each month. Current info will be coming soon.
October
Actuals
Year to Date
Actual
Full Year
Budget
October
Budget
Year to Date
Budget
Income
$77,224
$855,060
$1,094,775
$86,270
$868,975
Expenses
$77,223
$86,415
$756,439
$875,616
$1,094,775
Difference
$1
$145
$98,621
$6,641
$0
Annual Reports
The Session and Trustees of First Presbyterian Church of West Chester establish an annual budget and an estimate of the upcoming year’s expenses and present this information within a detailed Annual Report to First Pres members during the Annual Congregational Meeting usually held in January.
INVESTMENTS
First Pres maintains reserve funds in the form of cash on hand to be used for emergency budgetary purposes when expenses exceed income and for unforeseen major expenses. For the most part, these funds are held in investment accounts earning interest which is returned the reserve funds. Include here is the latest Investments Report.