Treasurer Report May 2011
In May, 2011, after eleven months or 91.7% of the fiscal year, we have received $529,664 in revenues, which equals about 98% of the revenue receipts budgeted for the year. Total revenues after ten months are about 4% higher than at the same time last year.
After eleven months we have received a total of $367,151 in pledge payments or 92% of the amount budgeted for pledges. Total current year pledge payments after ten months are about 2% higher than at the same time last year. Also, unpledged donations now account for $14,803 or 185% of the amount budgeted. B&B income has now totaled $700 which is 140% of the amount budgeted. Of particular significance, in May we received $12,890 in fundraising income, nearly all of it from our April auction, and our total fund raising income for the year is 140% of the amount budgeted.
After eleven months, our total expenses are $486,509, which is about 90% of the amount budgeted for expenses. After eleven months, our total expenses are about 2% lower than at the same time last year. In May, our net income was $3,758. As a result, our net income now stands at $43,155.
For your additional information, as of May 31, our church bank accounts (checking plus money market) held a total of $207,565.
Clearly, our church is in good financial shape for the current year. It should be remembered that we ended the previous two years with deficits. This year it appears likely we will end with a fiscal year surplus.
Doug Webbink,
Treasurer Treasurer@uucharlottesville.org