Finance Committee Report

1. Our financial performance from operations (loss of $261k) is about $52k behind budget for the first ten months of our fiscal year 
   1. Pledge income of $432k is about $16k lower than budget
   2. Rental income of $29k is about $5k below budget 
   3. Total operating revenue of $603k is $29k behind budget.
   4. Expenses of $864k are $23k higher than budget – due to the capital campaign (both timing of expenses in the budget and the actual cost of the campaign).
2. “Other income” of $217.5k is $389k better than budget due to investment gains of $311k (net of investment fees) and timing of some capital improvements projects
   1. NOTE: This excludes $790k 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 $42k vs a budgeted loss of $380k 
      1. Again, this excludes the $790k of capital campaign receipts

Fiscal Year Actual vs. Budget

July 1, 2025 to April 30, 2026          25/26 Actual  25/26 Budget     

Total Operating Revenue   602,961         632,267

Total Operational Expenses   863,945        840,889

Operational Surplus (Deficit) (260.984)     (208,622)

Other Income/Expense* (Net) 219,197     (171,767)

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

Revenue Breakdown

Through April 30, 2025                      25/26 Actual           25/26 Budget             

Pledges 432,402        447,922        

Rentals               29,186             33,802        

 Net Assets Used for Operations            84,903        108,253