The typical springtime spike in prepaid pledges has arrived, with $24,360 received in May. Current year pledges received in May totaled $6,902, bringing the total for fiscal year to 72.0% of the budgeted amount. When prepaid pledges are included, total current year pledges are at 87.6% of budget. The total of pledges received this FY is at 89.5% of budget, or 2.2% below target. May receipts for other recurring income of $1,207 brings our current year total to 150.6% of the budgeted amount. Total budgeted income for the fiscal year is at 91.7% of budget and matches our target amount.

May’s budgeted expense total was $26,837, about 1% below the monthly budgeted amount. Year-to- date expenses for Building and Grounds, Office Administration and Music were below target in the range of 0.5% to 3.3%. Religious Exploration and Minister year-to-date expenses were more than 15% below target due to early year vacancies. The total year-to-date budgeted expenses were at 83.2% of budget, or 8.5% below target. Budgeted income exceeded expenses by $5,654 in May, but year-to- date expenses exceeded income by $32,360. The Reserve Fund was used to pay $650 for concrete work and $3,348 to replace audio/video equipment damaged by lightning. An insurance claim was filed to request a settlement for the lightning damaged equipment.

The Endowment Fund balance increased by $69.6K in May, resulting in a $145.0K increase in value for the fiscal year. The current balance is $1.373 million.

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

Outreach charity
– Kearney Center $163.45
– Family Promise of the Big Bend $275.00
– Tallahassee Food Network $228.95

Respectfully submitted,
Ron Clark
Disbursing Treasurer