UUCC Financials Through July 31, 2024 

Finance Committee Report

1. This is the start of our “church year” from a financial perspective. So one month of numbers doesn’t indicate much of anything. Nevertheless, here are the numbers…
2. Our financial performance from operations was well ahead of budget for July – this is typical, due to congregants paying their pledges in advance. . 
   1. Pledge income of nearly $95k is over $52k ahead of budget
   2. Rental income of over $2.6k is nearly $2k 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 nearly $114k is nearly $63k greater than budget.
   4. Expenses of $64k are $2k greater than budget.
   5. Net gain from operations was over $49k, a $60k improvement from the budgeted loss of $11k
3. “Other income” over $117k ahead of budget due to investment performance…
   1. So our overall finances show a gain of over $132k vs a budgeted loss of $45k

4. Balance Sheet (not shown) – Continues to  look happy – Cash + Investments of nearly $3.0M, EXCLUDING about $140k that belong to either IMPACT or other designated funds of various congregational groups
   1. Comparable number from last year just under $2.8M 

Fiscal Year Actual vs. Budget

July 1, 2024 to July 31, 2024 24/25 Actual   24/25 Budget      Total Operating Revenue   113,747         51,079

Total Operational Expenses 64,471         62,223

Operational Surplus (Deficit) 49,276       (11,144)

Other Income/Expense* (Net) 83,290     (34,333)

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

Revenue Breakdown

Through July 31, 2024       24/25 Actual           24/25 Budget             

Pledges             94,893             42,800        

Rentals           2,570               4,446         

 Net Assets Used for Operations          7,983               2,458        

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