Finance Committee Report

1. Our financial performance from operations was right on budget for the first 10 months of our fiscal year 
   1. Pledge income of  $445k is $2k lower than budget
   2. Rental income of $36.5k is over $10k 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 $623k is $4k below budget.
   4. Expenses of $696k are $4k lower than budget
   5. Net loss from operations was $73k was within a few hundred dollars of budget 
2. “Other income” showed a loss of $86k, which is $99k better than budget due to investment gains and timing of some Building & Grounds projects
   1. So our overall finances show a loss of $159k vs a budgeted loss of $258k 

Fiscal Year Actual vs. Budget

July 1, 2024 to April 30, 2025           24/25 Actual   24/25 Budget      

Total Operating Revenue   623,114         627,441

Total Operational Expenses   695,787         699,806

Operational Surplus (Deficit) (72,673)       (72,385)

Other Income/Expense* (Net) (86,297)     (185,400)

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

Revenue Breakdown

Through April 30, 2025       24/25 Actual           24/25 Budget             

Pledges 445,382         447,722        

Rentals               36,542             46,853          

Net Assets Used for Operations          112,702         107,596          

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