Treasurer Report, September 2010
In September, 2010, after three months or 25% of the fiscal year, we have received a total of $173,205 in revenues, which equals about 32% of the revenue receipts budgeted for the year. Total revenues after three months are 16% higher than last year. In September, current year pledge payments were $34,334, and after three months we have received 32% of the amount budgeted for pledge receipts for the year. Total current year pledge payments after three months are 20% higher than at the same time last year.
In addition, in September we received $4,051 in payments for prior year pledges. We have now received a total of $14,049 in prior year pledges. Nevertheless, it is still important to remember that at the end of June we had about $36,500 in unpaid pledges, so there is still a substantial amount of money pledged for last year that has not been received.
With respect to other revenue sources, we have now also received a total of $3,613 in unpledged donations, $2,418 in building user fees and $9,196 in Fund Raising Income. So far, unpledged donations received are more than two and half times as much as last year, building user fees are 85% higher than last year, and fund raising receipts are 20% higher than last year.
After three months of the fiscal year, our expenses amount to $115,931, which is about 22% of the amount budgeted for expenses. As a result, after three months our reported net income is $57,273. For just the month of September, our net income was $6,691. In fact, after three months, our total expenses are about 9% lower than last year. However, many of our major expenses will occur later in the fiscal year.
In September we had extraordinary expenses of $11,179 for the mold abatement work in Summit House and $2,175 for tree branch removal which we charged against our building reserve account.
Overall, our church continues to appear to be in good financial shape, at least after the first three months of the year, and apparently the church is in a somewhat better financial position than it was at this time last year. Each month the Finance Committee and the Board of Trustees receive income statements and a balance sheet. Copies of these reports are also available for review in the Church Office Doug Webbink, Treasurer, Board of Trustees Treasurer@uucharlottesville.org