Treasurer’s May 2020 Report to Congregation

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

 

Budget Report 5-2020

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

Our year-to-date pledge collections total is $237,922 with an annual budget of $248,558. That’s 95.7% collected during the eleven months of this fiscal year, with 91.7% as the May target. We should come very close to meeting our current year pledge budget. However, as a result of a considerable shortfall in other recurring sources of income our total budgeted income year-to-date was $20,075 below budget.

Year-to-date budgeted expenses were $228,057 ($41,350 under budget), or 84.7% of their pro-rated 91.7% target for May.

Netting out total budgeted income and expenses for the month, expenses exceeded income by $6,161. However, year-to-date budgeted income exceeded expenses by $21,745. It is likely we will still be in the black for the fiscal year.

Outside the operating budget, contribution collections were received for the following outreach charities:
Kearney Center $1,650
Manna on Meridian $635
Florida People’s Advocacy Center $150

On the other hand, in early May UUCT contributed $1,010 to Manna on Meridian and $3,289 to Kearney Center. Our contribution to Kearney Center on Giving Tuesday, May 5, along with contributions from others and a $15,000 two for one match by Bank of America resulted in Kearney Center receiving donations totaling $27,079 on that one day.

Respectfully submitted,
Ron Clark
Disbursing Treasurer