May’s current year pledge receipts of $12,224 continued a three month pattern of receipts coming in at just over 60% of the budgeted amount. Total current year pledges received, including prepaid pledges, comes to 86.6% of the annual pledge total. Prepaid pledges of $6,500 were received, for a total of $25,045 this fiscal year. Other recurring income of $3,830 received in May included non- pledge receipts of $3,657. Total budgeted income for May was $22,555.

Year-to-date total budgeted income received is 82.7% of budget, or 9.0% below target. Year-to-date expenses for Religious Exploration and Buildings and Grounds ranged from 2.1% to 3.8% below their targets of 91.7%. Music was 13.1% below target. Committees were 17.8% below target after our annual CAJM contribution of $2,976 was made in May. Administration was 0.5% over target. May budgeted expenses totaled $32,933, or 133% of monthly budget. The $8,888 payment of the final half of our UUA APF annual contribution and the CAJM contribution were largely responsible for being over the monthly budget. The total of all year-to-date budgeted expenses was 88.6% of annual budget, or 3.1% below target. Total budgeted expenses for the month exceeded budgeted income by $10,379. Total budgeted expenses for the FY exceed budgeted income by $53,861.

The Endowment Fund balance increased by $83K in May to a total of $1.82 million. During the month our investments in the Endowment Fund were rebalanced by selling $160K of stock funds and purchasing $160K of a corporate bond fund.

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

Church funds
– Minister’s Discretionary Fund $1,808.50
– Youth Group Fund $1,000.00

Outreach charity
– Manna on Meridian $349.00
– Grace Mission $125.50
– Big Bend After ReEntry Coalition $143.00

Respectfully submitted,
Ron Clark
Disbursing Treasurer