The Synod’s operating fund ended the 2023 fiscal year with a surplus of approximately $141,000 compared to the $14,000 deficit that had been budgeted. This good news of a surplus more than offsets the $133,000 deficit that was experienced in 2022. The significant improvement from 2022 to 2023 is due primarily to fluctuations in investment returns, 2022 being a very poor year from that perspective and 2023 resulting in very positive returns.
The remainder of this report provides more details …