Pledge income in January remained strong, exceeding our monthly budgeted amount by almost $2,000. Current year pledges received this fiscal year total 53.8% of budgeted amount, or 66.4% of budget when prepaid pledges are included. The January target was 58.3%. Receipts for other recurring income of $2,866, including $1,348 in rental income, brings our current year total to 88.7% of budgeted amount. Total budgeted income for the fiscal year is at 54.8% of budget, or 3.5% below target.

The total of year-to-date budgeted expenses is 8.9% below target. Building and Grounds, Office Administration and Music ranged from 1.9% to 4.6% below target. Due to early year vacancies Religious Exploration and Minister year-to-date expenses are 14.3% and 12.9% below target, respectively. Budgeted income exceeded expenses again in January, this time by $1,571. Year-to-date expenses exceeded income by $18,471.

On January 20 UUCT’s fundraiser featuring the modern folk duo Friction Farm garnered $900 in ticket sales. Proceeds were divided 50/50 between UUCT and the performers, netting $450 for UUCT. January’s $2.6K increase in the Endowment Fund resulted in a $55.8K increase in value for the fiscal year, bringing the current balance to $1.284 million.

In addition to the operating budget, the January collections of at least $100 were:

Church funds
– Minister’s Discretionary Fund $100.00

Outreach charity
– Grace Mission $148.00
– Capital Tea Safe House $297.00