Finance Committee Report

1. Our financial performance from operations (loss of $217k) is about $53k behind budget for the first three quarters of our fiscal year 
   1. Pledge income of $409k is about $4k lower than budget
   2. Rental income of $27.5k is about $3k below budget 
   3. Total operating revenue of $569k is $11k behind budget.
   4. Expenses of $786k are $41k 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 $20k is $171k better than budget due to investment gains of $126k (net of investment fees) and timing of some capital improvements projects
   1. NOTE: This excludes $712k 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 $197k vs a budgeted loss of $316k 
      1. Again, this excludes the $712k of capital campaign receipts

Fiscal Year Actual vs. Budget

July 1, 2025 to March 31, 2026    25/26 Actual  25/26 Budget     

Total Operating Revenue   568,995         580,133

Total Operational Expenses   785,936        744,572

Operational Surplus (Deficit) (216,941)     (164,439)

Other Income/Expense* (Net)   20,527     (151,441)

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

Revenue Breakdown

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

Pledges 409,452        412,883        

Rentals               27,510             30,388         

Net Assets Used for Operations            77,342          97,927   

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