Treasurer Report January 2011
In January 2011, current year pledge receipts were $49,053 and after seven months we have received 68% of the amount budgeted for pledge receipts for the year. Total current year pledge payments after seven months are also about 4% higher than at the same time last year.
With respect to other revenue sources, we have now received $7,967 in unpledged donations, which is almost 100% of the amount budgeted for the year. Also, we have received a total of $17,894 in prior year pledges, which is more than twice what was budgeted for this fiscal year.
Overall, after seven months or 58.3% of the fiscal year, we have received $374,723 in revenues, which equals about 70% of the revenue receipts budgeted for the year. Total revenues after seven months are about 4% higher than at the same time last year.
After seven months, our total expenses are $294,970, which is about 55% of the amount budgeted for expenses. After seven months, our total expenses are about 9% lower than at the same time last year. For just the month of January, our revenues exceeded our expenses by $14,003. This may be compared to January last year when our expenses exceeded our revenues by $11,010.
For the year so far, our net income is $79,754 which is more than twice as much as at the same time last year.
Overall, our church continues to be in good financial shape after the first seven months of the fiscal year. Nevertheless, in it important to remember that last year our expenses exceeded our revenues in four out of the five months between February and June.
Doug Webbink, Treasurer
Treasurer@uucharlottesville.org