Treasurer’s July 2020 Report to Congregation

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

 

Budget Report 7/2020

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

We begin the fiscal year with total 2020-21 pledge receipts of $54,465, 23.1% of our annual budget. This amount includes $16,530 of prepaid pledges received before July 1 and $27,143 in proceeds of stock donations still in transit on July 31. Other than stock contributions, 2020-21 pledge income received in July was $10,792, or 55% of budget. Contributions of $2,850 designated as pledges for 2019-20 were also received.

Budgeted expenses for the month were $15,825, or 2.4% less than the monthly budget amount. Everymajor category of expenses was below budget. Netting out total budgeted income (including prepaid pledges and stock proceeds in transit) and expenses for the month, income exceeded expenses by $42,021. This large net income is due to some donors contributing their full-year pledges in July and the inclusion of prepaid pledges received prior to July 1.

Outside the operating budget, the following contributions were received in July:

Outreach charities
 Kearney Center $454
 Manna on Meridian $50
 Going Places Teen Outreach $25

Funds
 Memorial Gifts Fund $50
 Mountain Scholarship Fund $650

Respectfully submitted,
Ron Clark
Disbursing Treasurer