Treasurer’s August 2021 Report to Congregation

by Ron Clark, Disbursing Treasurer, rclark1040@gmail.com

Budget Report 8/2021

To view the August Budget Report (budgeted income and expenses), click here.

In August pledge receipts were $23,495, bringing our year-to-date receipts to slightly under 0.1% above the annual budget. The current year pledge total of $86,286, including prepaid pledges of $47,710, is at 36.9% of target. Other recurring income was only at 3.0% of the budgeted total. We are due an Employee Retention Credit (ERC) of $1,256 from the second quarter of 2020. We will be filing for additional ERC for the first and second quarters of 2021. No endowment dividends were transferred to the operating budget in August.

Year-to-date most major expense categories were well below target, except that administration expenses were only 0.5% below target. Overall budgeted expenses were 0.9% below budget. The August budgeted expense total exceeded income by $2,611. Year-to-date budgeted expenses exceed income by $4,661. Outside the budget, Reserve Fund expenses of $2,465 were incurred in August, mostly for moving expenses for Rev. Holly Brown.

Our endowment funds grew again to an August 31, 2021 balance of $1,305,027, a 2.5% one month increase.

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

Church funds

  • Memorial Gifts Fund $220

  • UUCT Mountain Scholarship Fund $250

  • Playground Improvement Fund $195

Total $665

Outreach charities

  • Manna on Meridian $380

  • Second Harvest $297

Total $677

The 2020-21 Year End Review and 2020-21 Year End Report are also now available using the links below.

If you have any questions, email Dan D’Arcangelis, VP for Finance or Ron Clark, Disbursing Treasurer.

Respectfully submitted,
Ron Clark
Disbursing Treasurer