UUCC Financials Through June 30 2024
Finance Committee Report

1. This is the unaudited end of year report. Final results will be available in several months, once our external reviewer completes their analysis.
2. Our financial performance from operations finished the year slightly behind budget. 
   1. Pledge income of over $487k is over $1k ahead of budget
   2. Rental income of over $57k is about $2.5k behind budget
   3. Total operating revenue of $635k is amazingly less than $1k lower than budget.
   4. Expenses of $734k are just $4k greater than budget of $730k; 
   5. Net loss from operations was $99k, $5k greater than budgeted loss of $94k
3. “Other income” over $400k ahead of budget due to investment performance…
   1. And other expenses were $60k below budget
   2. So our overall finances show a gain of $32k vs a budgeted loss of $372k

4. Balance Sheet (not shown) – Continues to  look happy – Cash + Investments of nearly $2.9M, EXCLUDING about $140k that belong to either IMPACT or other designated funds of various congregational groups
   1. Comparable number from last year about $2.75M 

Fiscal Year Actual vs. Budget

July 1, 2023 to June 30, 2024 23/24 Actual   23/24 Budget      

Total Operational Revenue   635,093         636,558

Total Operational Expenses 734,252         729,865

Operational Surplus (Deficit) (99,159)       (94,087)

Other Income/Expense* (Net) 126,685     (277,960)

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

Revenue Breakdown

Through June 30, 2024       23/24 Actual           23/24 Budget             

Pledges           487,408           486,000        

Rentals             57,089             59,673          Net Assets Used for Operations         65,256             66,105        

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