After ending last fiscal year with two months of strong pledge receipts, July’s pledge income fell considerably to $9,179, or 44% of our monthly budgeted pledge income. Current year pledges received in July totaled $7,381, but larger than usual prepaid pledges resulted in current year pledge receipts of 32.4% of budget. Prior year pledge receipts in July of $1,798 brings the FY 2023-24 total to 94.5% of budget. July receipts for other recurring income of $1,343 brings our current year total to 9.5% of the budgeted amount. Total budgeted income for the month was $10,540, or 47% of the monthly target.

July’s budgeted expense total was $18,726, about 69% the monthly budgeted amount. All expense categories were at 90% or less of monthly budget. Music expenses were only 11% of monthly budget due to the music director vacancy. Budgeted expenses exceeded income by $8,186 for the month. However, since the FY 2024-25 budget calls for a transfer of $55,770 from the Endowment Fund, UUCT can have a balanced budget with an average monthly amount of expenses exceeding income of $4,648.

The Endowment Fund balance increased by $26.0K in July to a current balance of $1.407 million.

In addition to the operating budget, the July collections of at least $100 were:
Outreach charity
– Kenyan Partnership Church $418.50
– Little Sunshine Pantries $128.50