UUCC Financials Through April 30, 2024
Finance Committee Report
- Our financial performance is slightly behind budget through ten months
- Pledge income of nearly $423k is roughly $18k ahead of budget
- Rental income YTD of over $52k is just about on budget
- Total revenue YTD of $532k is just over $2k behind budget of $535k
- Expenses YTD of $624k are about $12k greater than budget of $612k;
- Building & Grounds about $12k over budget,
- Personnel about $8k over budget;
- Program about $10k under budget
- Net loss YTD from operations was $92k, $14.5k greater than budgeted loss of $77k
- “Other income” about $200k ahead of budget due to investment performance
- Balance Sheet (not shown) – Continues to look happy – Cash + Investments of over $2.75M, EXCLUDING about $150k that belong to either IMPACT or other designated funds of various congregational groups
- Comparable number from last year just under $2.55M
Fiscal Year Actual vs. Budget
| July 1, 2023 to April 30, 2024 | YTD Actual | YTD Budget | 7/1/23- 6/30/24 Budget |
| Total Operational Revenue | $532,271 | $534,775 | $636,558 |
| Total Operational Expenses | $624,113 | $612,098 | $729,865 |
| Operational Surplus (Deficit) | ($91,842) | ($77,323) | ($94,087) |
| Other Income/Expense* (Net) | $19,521 | ($231,224) | ($277,960) |
Revenue Breakdown
| Through April 30, 2024 | YTD Actual | YTD Budget | 7/1/23- 6/30/24 Budget |
| Pledges | $422,867 | $405,000 | $486,000 |
| Rentals | $52,469 | $53,021 | $59,673 |
| Net Assets Used for Operations | $33,342 | $55,088 | $66,105 |