Treasurer Report, April 2011
In April, 2011, after ten months or 83.3% of the fiscal year, we have received $482,405 in revenues, which equals about 90% of the revenue receipts budgeted for the year. Total revenues after ten months are about 6% higher than at the same time last year.
After ten months we have received a total of $342,789 in pledge payments or 86% of the amount budgeted for pledges. Total current year pledge payments after ten months are about 5% higher than at the same time last year. Also, unpledged donations now account for $12,734 or 159% of the amount budgeted. In addition, we have received 122% of the amount budgeted for building user fees, and 93% of the amount budgeted for plate cash. Moreover, this information does not include the revenue that will be received from the very successful auction held on April 30.
After ten months, our total expenses are $443,006, which is about 82% of the amount budgeted for expenses. After ten months, our total expenses are about 2% lower than at the same time last year. As a result, for the year so far, our net income now stands at $39,399. However, for just the month of April this year, our expenses exceeded our revenues by $8,736.
We have now also received $16,551 in pledge payments for the next fiscal year.
Our church also holds several Endowment Funds which are kept separate from our operating funds. On March 30, 2011, the combined total of all of the church Endowment Funds was valued at $363,204. This may be compared with June 30, 2010, when the value of those funds was $303,702 and December 31, 2010, when the value of the funds was $349,809. Of course, the increase in the value of these funds primarily reflects the overall increase in the value of stock market. I continue to believe that our church is in good financial shape, but as always I recommend care in our spending to support the missions of our church.
Doug Webbink,
Treasurer
Treasurer@uucharlottesville.org