Finance Committee Report
- 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) |
Revenue Breakdown
| Through Feb 29, 2024 | YTD Actual | YTD Budget | 7/1/23- 6/30/24 Budget |
| Pledges | $375,700 | $324,000 | $486,000 |
| Rentals | $37,916 | $41,150 | $60,453 |
| Net Assets Used for Operations | $28,567 | $44,078 | $66,105 |