Treasurer’s August 2020 Report to Congregation

by Ron Clark, Disbursing Treasurer,


Budget Report 8/2020

To view the August Budget Report (budgeted income and expenses), click here.

Early full-year pledge receipts and prepaid pledges brings our 2020-21 pledge year-to-date total to $73,484, or 31.2% of our annual budget and well above our 16.7% August target. Contributions of $1,045 designated as pledges for 2019-20 were also received in August, bringing the year-to-date total to $3,895.

Our semi-annual UUAAPF contribution resulted in total expenses for the month of $24,810, somewhat over the monthly budget amount. However, every other major category of expenses was below budget resulting in a year-to-date budgeted expense total at 1.5% below target.

Netting out total budgeted income and expenses for the month, income exceeded expenses by $23,108. This large net income is due to some donors contributing their full-year pledges early in the fiscal year.

After a considerable decline in value a few months ago, our endowment funds have more than recovered their early year peak value. The total value of our endowment funds at the end of August was $1,031,426.

Outside the operating budget, the following larger contributions were received in August:

Outreach charities
 Kearney Center $71
 Manna on Meridian $201
 Second Harvest $648

 Memorial Gifts Fund $10,165 (includes $10,000 gift from Tom Chase’s estate)
 Minister’s Discretionary Fund $986

Respectfully submitted,
Ron Clark
Disbursing Treasurer