Finance Committee Report

1. Our financial performance from operations (loss of $171k) is about $40k behind budget for the first eight months of our fiscal year 
   1. Pledge income of $375k is about $2k lower than budget
   2. Rental income of $25k is about $2k below budget 
   3. Total operating revenue of $525k is $2k behind budget.
   4. Expenses of $697k are $38k higher than budget – mostly due to the capital campaign (both timing of expenses in the budget and the actual cost of the campaign).
2. “Other income” of $152k is $288k better than budget due to investment gains of $250k (net of investment fees) and timing of some capital improvements projects
   1. NOTE: This excludes $508k in capital campaign receipts (and a small amount of interest on these funds) that are included in our financial statements 
   2. Our overall finances show a loss of $19k vs a budgeted loss of $268k 
      1. Again, this excludes the $508k of capital campaign receipts

Fiscal Year Actual vs. Budget

July 1, 2025 to February 28, 2026    25/26 Actual  25/26 Budget     

Total Operating Revenue   525,379         527,699

Total Operational Expenses   696,698        658,842

Operational Surplus (Deficit) (171,319)   (131,143)

Other Income/Expense* (Net) 151,950     (136,365)

* Investment Income & fees, unrealized gains/losses, depreciation, bequests; excludes capital campaign receipts

Revenue Breakdown

Through January 31, 2025               25/26 Actual           25/26 Budget             

Pledges 375,494        377,844        

Rentals               25,260             26,973         

Net Assets Used for Operations            73,490          87,602         

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