Finance Committee Report
- Our financial performance from operations was right on budget for the first 10 months of our fiscal year
- Pledge income of $445k is $2k lower than budget
- 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.
- Total operating revenue of $623k is $4k below budget.
- Expenses of $696k are $4k lower than budget
- Net loss from operations was $73k was within a few hundred dollars of budget
- “Other income” showed a loss of $86k, which is $99k better than budget due to investment gains and timing of some Building & Grounds projects
- 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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