Year End Financial Reports
January 2024 Update
January 2024 Update
Below are the financial statements for the Alaska Synod for the month and year-to-date ending January 31, 2024.
Alyce J. Bakker
Region 1 ELCA
Financial Services Office
- Mission support to the Alaska Synod in January was $45K bringing year-to-date mission support to $387K. This was 101% of budget and $9K ahead of last year.
- The synod’s general fund is showing a 6.5 net loss year-to-date, but this is largely due to the non-cash write down of the prepaid rent. The prepaid rent ends in early 2025.
- The synod’s general fund cash balance remained relatively unchanged from last year and restricted cash decreased by $35K - largely due to a disaster and Thornton Memorial accounts being paid out.
- Investments are up by $124K from last year thanks to market recovery in the latter part of the year.
Alyce J. Bakker
Region 1 ELCA
Financial Services Office

1a_jan24.pdf |