2021-2022 Annual Budget
For the second year in a row, we are able to increase our budget thanks to the generosity of our church family. The 2021-2022 budget is $1.649 million, a 4.1% increase over last year’s budget. Increasing our budget by $65k allows us to accomplish some strategic goals throughout our different budget categories.
Staffing: We will provide pay increases for our staff - some who are receiving cost of living adjustments and some who are receiving raises based on completion of our every 3-year exercise to assess fair, principled wages for each staff position. We will also increase hours for a staff member and employ a new role: an Administrative Specialist.
Operations: The Operations budget will actually decrease compared to last year as a result of the recent refinancing of both of our mortgages. The refinancing changed our terms and interest rates and provided an opportunity to pay interest only on our mortgages through March 31, 2022. This allows us to see significant savings throughout the first half of the upcoming ministry year.
Ministry: An increase of $8,000 in this budget category will support the ministry we are being led to accomplish.
Generosity: An increase in our planned generosity will allow us to give more both LOCALLY to our Eastern PA Partnership and church planting efforts through the Alliance, as well as GLOBALLY to our sent out international workers, our international partners, and to the Great Commission Fund.
Reserve Funding: After growing the amount we put towards reserves over the last few years, we will continue to fund reserves at $3,500 per month.
Current Financial Report
Daybreak’s budget runs from September to August. For the '21-'22 Ministry Year, general giving from September to December was allocated both to our annual budget and to additional Wide Open Vision Projects. From January on, all general giving is allocated solely to our annual budget.
Ministry Year Financials
(Sep. ‘22 - Aug. ‘23)
- Total Income as of 9/30/22: $154,024
- Total Expenses as of 9/30/22: $148,521
Includes All Income & Expenses for Vision Projects
Budget (Ministry Fund) Financials
(Sep. ‘21 - Aug. ‘22)
- Monthly Budgeted Need for October ’22: $170,192
- Total Ministry Fund Giving for October ’22: $164,629
- Yearly Budgeted Need as of 10/31/22: $306,346
- Total Ministry Fund Giving as of 10/31/22: $305,928
Questions? Email our Pastor of Operations, Jason Fickes.