Our financial performance is ahead of budget through eight months a. Pledge income of nearly $376k is over $50k ahead of budget b. Rental income YTD of nearly $38k is about $3k behind budget c. Total revenue YTD of $462k is nearly $34k ahead of budget of $429k d. Expenses YTD of $492k are about $5k greater than budget of $487k; i. No major expense category greatly variant from budget e. Net loss YTD from operations was $30k, $29k ahead of budgeted loss of $59k f. “Other income” positive performance primarily due to investment gains
Balance Sheet (not shown) – Continues to look happy – Cash + Investments of over $2.75M, EXCLUDING about $150k that belong to either IMPACT or other designated funds of various congregational groups a. Comparable number from last year just under $2.6
Fiscal Year Actual vs. Budget
July 1, 2023 to Feb 29, 2024
YTD Actual
YTD Budget
7/1/23- 6/30/24 Budget
Total Operational Revenue
$462,236
$428,553
$636,558
Total Operational Expenses
$491,852
$487,175
$729,865
Operational Surplus (Deficit)
($29,616)
($58,622)
(93,307)
Other Income/Expense* (Net)
$53,084
$(184,488)
$(277,960)
*Investment Income & fees, unrealized gains/losses, depreciation, bequests
