Treasurer’s February 2020 Report to Congregation
by Ron Clark, Disbursing Treasurer, rclark1040@gmail.com
To view the February Budget Report (budgeted income and expenses), click here.
Our year-to-date pledge collections stand at $202,825 with an annual budget of $248,558. That’s 81.6% collected during the eight months of this fiscal year, with 66.7% as the February target.
Year-to-date expenses are again close to budget at $177,170, or 65.8% of their pro-rated 66.7% target for February.
Netting out total income from all sources and expenses, expenses exceed income for the month by $1,473. However, income exceeds expenses by $50,272 for the year.
Outside the operating budget the Community Connections Events Fund took in $742 from the Roy Zimmerman concert on Valentines Day. February’s pass the plate collection included $323 for Manna on Meridian and $490 for the Mountain Retreat and Learning Center.
The Reserve Fund balance stands at $28,381 after the 2018-2019 pledges received in the current fiscal year were transferred to the Reserve Fund. This leaves the Reserve Fund with a balance of about $3,500 in excess of the goal of 10% of the operating budget.
Respectfully submitted,
Ron Clark
Disbursing Treasurer