Budget
It is such a pleasure to serve all of you who make up Canaan!
Your passion for Gospel work both here and across the globe is so inspiring and encouraging to me as your pastor!
In 2025, we celebrated so many incredible milestones: new members joining our church family, baptisms, and the continued growth of our local ministry partners. We also saw exciting progress in our global outreach through The Nations Initiative (TNI) and Bethlehem Christian Academy (BCA), and our cooperative efforts with the International Mission Board (IMB) and the North American Mission Board (NAMB) continue to advance the Gospel around the world.
I’m especially grateful for our faithful finance team, who serve with such diligence and integrity. This year presented challenges, particularly with rising insurance costs, but our team worked tirelessly to bring us a strong and responsible budget.
A special word of thanks goes to Nathan Franklin, who has faithfully led our finance team since before COVID. Nathan, your leadership, wisdom, and servant’s heart have been such a blessing. Thank you! I’m also deeply appreciative of Pastor Mike Self for his excellent work on this year’s budget and to all of our ministry team leaders for demonstrating such a kingdom-minded, collaborative spirit in crafting a budget that reflects both vision and stewardship.
Serving this church is one of the greatest honors of my life. As we head into 2026, I believe God has even more in store. More opportunities to serve, more lives to impact, and more ways to make His name known.
Let’s keep running after His vision, side by side.
Blessings,
Pastor Daniel Carr
Business Meeting
Members should carefully review the proposed budget and come prepared to vote at 6:30pm on Wednesday, November 19, at Oakville.
The 2026 budget vote will be part of the Thanksgiving Service*. The business portion of the service will only be a vote. All budget questions should be asked at a Town Hall Q&A.
Town Hall Q&A’s
Any questions about the proposed budget for 2026 should be asked at one of the Town Hall Q&A meetings below:
November 2, 12pm at Webster
November 9, 12pm at Windsor
November 16, 5pm at Oakville
TOTAL BUDGET: $2.20 MILLION
The 2025 budget was $2,211,980
Questions or concerns regarding the proposed budget? Contact the church office prior to the business meeting on November 19. Detailed copies of the proposed 2026 budget available from the office by request.
2026 Budget Proposal
PERSONNEL
$1,074,355
Percent of Total: 49.60%
Goal: 55%
Includes all salaries for paid staff (pastors, support staff, interns, short-term contract personnel, etc.), health insurance, housing allowances, taxes, retirement, dental reimbursements, and other reimbursable pastoral expenses. This category is overseen by the Personnel Committee.
FACILITIES
$656,793
Percent of Total: 30.32%
Goal: 20%
Includes insurance, utilities, building equipment, custodial team, repair and maintenance, housekeeping supplies, building improvements, security and fire protection, sanitation, snow removal, telephone and internet services, and grounds and landscaping maintenance. This category is overseen by the Building and Grounds Committee.
MINISTRIES & MISSIONS
$364,855
Percent of Total: 16.84%
Goal: 20%
Includes funding our discipleship ministries, outreach events, children and student ministries, and our missions giving locally and abroad. This does NOT include our Great Commission Offering (GCO).
This category is overseen by the Pastoral Staff & Ministry Team Leaders.
ADMINISTRATION
$101,950
Percent of Total: 4.71%
Goal: 5%
Includes advertising and promo materials, background checks, bank fees, duplicating expenses, information technology equipment and software, our church database, ministry materials, offering envelopes, office supplies, payroll processing expenses, and postage. This category is overseen by the Staff.
2026 Projections
Projected Expenses by Campus & Central Services
| Oakville | $1,348,502 | 61.35% |
| Webster | $218,674 | 9.95% |
| Windsor | $261,773 | 11.91% |
| Central | $369,004 | 16.79% |
| TOTAL | $2,197,953 | 100.00% |
| Tithes & Offerings | $1,981,000 |
| Interest Income | $17,185 |
| Facility Rental | $78,000 |
| NAMB/Nepali Campus | $82,020 |
| Building Use | $8,000 |
| TOTAL | $2,166,205 |
Total Projected Income
Projected Income
by Campus
| Oakville | $1,683,125 | 77.70% |
| Webster | $181,540 | 8.38% |
| Windsor | $301,540 | 13.92% |
| TOTAL | $2,166,205 | 100.00% |
From the Finance Team
Nathan Franklin (chairman), Austin Meador (treasurer), Julie Baskin, Chuck Easter, Bruce Klaverkamp, Becky Krupski, Junior Theolus
Finance team members are recommended by the Nominating Committee and have a background in and good understanding of finances.
The finance team presents Canaan’s unified 2026 budget that includes the operations of all three campuses, plus shared expenses serving our entire church family.
Economic uncertainties have caused 2025’s actual results to be unfavorable to our expectations, and this is reflected in lower income projections in the 2026 budget. In response, Canaan’s leaders have diligently worked to keep expenses constant despite inflation and other cost pressures in personnel and facilities. The finance team and pastoral staff sought to avoid a decrease in ministries & missions funding on a percentage of total basis, and we are pleased that the 2026 budget accomplishes this objective.
We give glory to God for His faithful provision to Canaan Baptist Church through all the years! Our church is blessed with sufficient reserves and is well-prepared to withstand a temporary period of financial challenges. We cannot measure the impact of a dollar spent to spread the gospel and reach more people for Christ. God can multiply it beyond our comprehension; it is simply our job to seek His will in all financial decisions.
The budget process began in July, continued throughout the summer, was unanimously approved by the finance team in early October and is now ready to be shared with the church. We are reminded each year that we are flawed people using imperfect information to prepare a budget that cannot predict the future. Praise be to God that He alone is the author of our financial story!