Financial Update for Family of Christ
Dear Members of Family of Christ Lutheran Church,
As we all know and feel, it has been a very strange and uncomfortable eight weeks since we stopped having activities at our church – and we miss you! We pray for whatever circumstance you are going through and pray that you are sensing God’s hand at work in your life and the lives of your loved ones.
We absolutely want to acknowledge the creative and incredible work of our church staff and volunteers. They have worked so hard and so beautifully together to create a new version of Sunday worship services and other options for connections during this time. We also want to thank you, our congregation, for the many ways you have cared for each other, encouraged and supported our staff, volunteered, prayed for our church, and continued to give financially. We are very grateful for your giving in this confusing, stressful, and unprecedented season. With the recent and uncharted events caused by COVID-19 pandemic, we know that there are many in our congregation who are having to make hard decisions about their businesses, some who have lost jobs, and others who are bracing for what is to come.
The members of our church council are also having to make decisions – both short term and long term -for the financial health and sustainability of our church. Through April, our giving was still holding strong – very close to our beginning-of-year estimates. We don’t know how COVID-19 will impact the gifts we receive this year, and we don’t know when that impact will happen. Like all organizations that are so dramatically impacted by this virus situation, the council is planning for many different financial and timing scenarios. We have implemented some significant temporary expense reductions, and we continue to consider what additional costs can be reduced during this stay-at-home period. In April, the council exec team made the unanimous decision to apply for and accept a loan through the Paycheck Protection Program (part of the CARES Act) that our federal government was offering. We felt it was a prudent step to help protect the financial stability of our staff. It will also enable us to extend the resources we have on hand further into the future. The loan is partially or even fully forgivable if spent on specific payroll costs and as long as we maintain a similar number of staff in the 8-week period it covers.
The Church Council will continue to manage our church’s financial health, and we’ll do so with transparency and good communication to all concerned. We will continue to work hard to make the best decisions we can with the information we have through this pandemic.
We pray and hope you will continue to support the mission of Family of Christ as you are able. We see the fruits of your gifts even more so at such a hard time like this. Thank you for your ongoing support and I look forward to the time we can meet safely together again.
Church Congregation President
Family of Christ Lutheran Church