Finance Committee Report

1. Our financial performance from operations remains right on budget for the first 11 months of our fiscal year 
   1. Pledge income of  $477k is right on budget
   2. Rental income of $40.5k is over $11k behind budget – this will be the case for the year, as multiple tenants informed us following the completion of our budget that they were no longer going to use our facilities.
   3. Total operating revenue of $671k is $3k below budget.
   4. Expenses of $763k are $2k lower than budget
   5. Net loss from operations of $92k was within a few hundred dollars of budget 
2. “Other income” showed a loss of $2k, which is $195k better than budget due to investment gains and timing of some Building & Grounds projects
   1. So our overall finances show a loss of $94k vs a budgeted loss of $289k 

Fiscal Year Actual vs. Budget

July 1, 2024 to May 31, 2025           24/25 Actual   24/25 Budget      

Total Operating Revenue   671,306         674,388

Total Operational Expenses   763,164         765,652

Operational Surplus (Deficit) (91,858)       (91,264)

Other Income/Expense* (Net) (2,384)     (197,526)

* Investment Income & fees, unrealized gains/losses, depreciation, bequests

Revenue Breakdown

Through May 31, 2025         24/25 Actual           24/25 Budget             

Pledges 477,438         477,810        

Rentals               40,450             51,598          

Net Assets Used for Operations        124,060         118,355          

       

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