Finance Committee Report

1. Our financial performance from operations for the first two months of the fiscal year is better than budget
   1. Pledge income of $172k was $25k above budget – this is almost certainly a timing issue that will self-correct in the months to come
   2. Rental income of nearly $12k was $5.5k above budget 
   3. Total operating revenue of $201k was $28k ahead of budget 
   4. Operating Expenses of $143k were $4k larger than budget, a function of timing of some Building & Grounds projects
   5. Net gain from operations of $57k was $23k better than budget
      1. We shouldn’t read anything into this – it’s only two months, timing of pledge payments and expenses always vary vs. budgeted amounts
2. “Other income” of $17k was $33.5k ahead of budget 
   1. Our overall finances show a gain of $73k vs a budgeted gain of $17k, a positive difference of $56k
3. NOTE: All numbers exclude Capital Campaign revenue and expense, which is separately reported 

Fiscal Year Actual vs. Budget

July 1, 2026 to August 31, 2026           26/27 Actual   26/27 Budget      

Total Operating Revenue   201,010         173,146

Total Operational Expenses   143,385       139,079

Operational Surplus (Deficit)                 57,625       34,067

Other Income/Expense* (Net)   16,818     (16,667)

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

Revenue Breakdown

Through August 31, 2026               26/27 Actual           26/27 Budget             

Pledges       172,120         146,900        

Rentals                       11,877               6,330          

Net Assets Released from Restrictions        12,917           12,583