Money Matters 5/1/2025
Annual Giving Campaign Update – Progress and a Ways to Go!
Pledges, commitments by members and friends to contribute a $ amount annually (July 1 – June 30), make our spirit nurturing church community, talented staff and building possible. Pledges will pay for 72% of our expenses this year. As of April 28, we have received $299,776 in pledges from 119 generous households. We have a goal of $350,000 and hope to receive pledges from another 30 - 40 households. Members have generally been very faithful in fulfilling their pledges so that we forecast receipt of 97% of pledges made. We understand that one’s financial circumstances can change and it is not possible for some to complete a pledge in a given year. If this is the case we ask that you simply notify the office of a change in your pledge.
Note: Some members and friends have not filled out a pledge form or made an online pledge but then do give online selecting “Pledge FY 24-25” for their donation as opposed to “Collection Plate” or another category. This does not help us budget. The church needs to have an explicit pledge letting us know what to expect each year. Thank you so much for taking the time to fill out the pledge form for FY 25-26 and for supporting 2U !
Good 9 Month Results (July 2024 – March 2025)
March was a very good month for pledge receipts as we exceeded the monthly pledge budget of $26,142 by over $15,000 and our pledge income is now on track to meet the full $313,370 budget for the year ending June 30! Collection plate donations are also above budget; however, the Fitts Fund (a long-time bequest) is below budget. Expenses are currently below budget and are expected to increase in April – June as religious education spending, landscaping, building repairs, marketing and contributions to the UUA kick in. For the full year, our budget has a planned deficit of $21,492. Current results look promising but forecasting final results is quite tricky as we rely on donors catching up on their pledges by year end. It would be fantastic if we could break-even for the year.
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Capital Campaign
Donations for the 9 months ending 3/31/25 were $47,992 and expenses were $339,117. Our capital campaign cash balance is now $191,158 vs. remaining expenses of about $270,000! We are awaiting our next 6 figure invoice from our general contractor. We still expect to borrow from the bank to finish our capital projects. Please continue to pay your capital pledge! Thank you, Thank you, Thank you!
