Treasurer’s August 2021 Report to Congregation
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:
Memorial Gifts Fund $220
UUCT Mountain Scholarship Fund $250
Playground Improvement Fund $195
Manna on Meridian $380
Second Harvest $297
The 2020-21 Year End Review and 2020-21 Year End Report are also now available using the links below.