Treasurer Report for June 2011
By the end of June, 2011 at the close of the fiscal year, we had received total revenues of $559,097 which is 104% of the amount budgeted for the year. We received $387,975 in pledge revenues, which is 98% of the amount budgeted. Pledge revenues are about 1% higher than at the end of the previous fiscal year.
Moreover, for the year, unpledged donations, prior year pledges, plate cash, building user fees, B&B income, UHouse rent, fund raising income and special gift donations all produced revenues above those estimated in the budget. Even grocery scrip profits plus Giant rebates, when combined, exceeded the amount budgeted.
After twelve months, our total expenses were $521,296, which is about 97% of the amount budgeted for expenses. After twelve months, our total expenses are about 6% lower than at the end of last year.
For just the month of June our expenses exceeded our revenues by $5,354. As a result, for the total year, our net income was $37,801.
With respect to expenses, a number of items such as Ministerial Search expenses and office expenses significantly exceeded the amount budgeted. On the other hand, a number of other expense items, such as the benefits package for the Interim Minister and buildings and grounds expenses were significantly lower than the amount budgeted.
Our balance sheet shows that we have now received $28,683 in pledge payments for the new fiscal year. And, as of June 30, our church bank accounts held $216,393.
After ending the previous two years with modest deficits, I am pleased that we did end this fiscal year with a significant “surplus.”
Doug Webbink, Treasurer Treasurer@uucharlottesville.org