Finance Committee Report

1. Our financial performance from operations was well ahead of budget for the first five months of our fiscal year – not a surprise, due to congregants paying their pledges in advance. 
   1. Pledge income of over $276k is over $62k ahead of budget
   2. Rental income of over $21k is about $2k 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 over $336k is $75k greater than budget.
   4. Expenses of $305k are $31k lower than budget.
   5. Net gain from operations was nearly $31k, a $106k improvement from the budgeted loss of $75k
2. “Other income” over $197k ahead of budget due to investment performance…
   1. So our overall finances show a gain of over $103k vs a budgeted loss of $200k

3. Balance Sheet (not shown) – Continues to  look happy – Cash + Investments of nearly $3.0M, EXCLUDING about $140k that belong to either IMPACT or other designated funds of various congregational groups
   1. Comparable number from last year just over $2.6M 

Fiscal Year Actual vs. Budget

July 1, 2024 to Nov. 30, 2024           24/25 Actual   24/25 Budget      

Total Operating Revenue   336,281         261,293

Total Operational Expenses   305,367         336,159

Operational Surplus (Deficit)   30,715       (74,866)

Other Income/Expense* (Net)   72,864     (124,775)

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

Revenue Breakdown

Through Nov. 30, 2024       24/25 Actual           24/25 Budget             

Pledges 276,231         214,000        

Rentals             21,178             23,126        

  Net Assets Used for Operations          19,158             12,292    

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