Finance Committee Report

1. Our financial performance from operations (loss of $280k) is about $49k behind budget for the first eleven months of our fiscal year 
   1. Pledge income of $458k is about $25k lower than budget
   2. Rental income of $34k is about $3k below budget 
   3. Total operating revenue of $653k is $31k behind budget.
   4. Expenses of $933k are $18k higher than budget – due to the capital campaign and some building and grounds expenses
2. “Other income” of $345k is $532k better than budget due to investment gains of $442k (net of investment fees) and timing of some capital improvements projects
   1. NOTE: This excludes $805k in capital campaign receipts (and a small amount of interest on these funds) that are included in our financial statements 
   2. Our overall finances show a gain of $66k vs a budgeted loss of $418k 
      1. Again, this excludes the $805k of capital campaign receipts

Fiscal Year Actual vs. Budget

July 1, 2025 to May 31, 2026          25/26 Actual  25/26 Budget     

Total Operating Revenue   653,109         684,419

Total Operational Expenses   932,713        915,419

Operational Surplus (Deficit) (279,604)   (231,000)

Other Income/Expense* (Net) 344,962     (186,845)

* Investment Income & fees, unrealized gains/losses, depreciation, bequests; excludes capital campaign receipts

Revenue Breakdown

Through May 31, 2026                      25/26 Actual           25/26 Budget             

Pledges 458,264        482,961        

Rentals               34,422             37,235         

Net Assets Used for Operations            97,824        118,578