Finance Committee Report

1. Our financial performance from operations was ahead of budget for the first nine months of our fiscal year – a function of some expenditures being below budget
   1. Pledge income of nearly $420k is $3k ahead of budget
   2. Rental income of $32k is nearly $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 nearly$579k is within $1k of budget.
   4. Expenses of $591k are $42k lower than budget, primarily due to personnel and program expenses being below budgeted expenses
   5. Net loss from operations was $12k, $41k better than the budgeted loss of $53k
2. “Other income” showed a loss of $37k, which is $136k better than budget due to investment gains and timing of some Building & Grounds projects
   1. So our overall finances show a loss of $49k vs a budgeted loss of $226k 

Fiscal Year Actual vs. Budget

July 1, 2024 to Mar. 31, 2025           24/25 Actual   24/25 Budget      

Total Operating Revenue   578,769         579,720

Total Operational Expenses   590,773         632,407

Operational Surplus (Deficit) (12,004)       (52,688)

Other Income/Expense* (Net) (36,769)     (173,275)

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

Revenue Breakdown

Through Mar. 31, 2025       24/25 Actual           24/25 Budget             

Pledges 419,980       416,901        

Rentals               32,371             42,107          

Net Assets Used for Operations   98,527           96,836          

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