Thank you for helping First Church Siloam Springs end 2022 on a positive note. Even
though you may notice a negative balance on the financial information below,
technically we did end the year with a positive number. Due to a year-end transfer of
funds to the Designated Accounts we slipped just barely into the negative side in our
operating account balance. This is fantastic and you are to be commended for your
2022 was a year of change to be sure. Our largest unplanned expense, aside from
finishing up construction on the Ministry Center, was our fee to disaffiliate from the
United Methodist Church. This disaffiliation fee of $111,271 was paid on December 1,
as authorized by the Church Council. If you would like to make a special contribution to
help replenish the account where these funds came from, please mark such gifts so that
we can apply them accordingly. We are still accepting gifts to assist in the payment
toward the Ministry Center renovation. Our mortgage loan payment is $5,153 monthly.
We look forward to 2023 being another positive year and appreciate the support from
members of our congregation as well as our other valued financial supporters. We plan
on providing you with an updated look for the monthly financial reports.
Thank you once again for your support and best wishes in 2023!
First Church Siloam Springs Finance Sub-Committee: