Money Matters 9/1/2026
Actual July Results
Total Revenue: $45,884
Total Expenses: $25,185
Net Operating Income: $20,699
Current Year Budget
At the annual meeting, the congregation approved a budget showing a deficit of $14,433 for the July 1, 2026-June 30, 2027 year. Because we were still in the process of finding a minister, the budget included the cost of ministry for a full 12 months. Since Rev. Allison Farnum will be starting on Dec. 1, the Board and Finance Committee have adjusted the current year budget as follows:
Reduced the budgeted cost for the minister by $40,572, which includes (1) the change for Rev. Allison to 7 months salary and benefits and (2) adjustment for Rev. Pamela Rumancik and Rev. Claire Butterfield for preaching and pastoral care through the end of November.
Increase in professional fees for staff to $4,000 each, or a total of $8,425 increase. This is to get the fees more in line with the UUA recommended level and supports our valuable staff to pursue important professional development, such as attending UUA conferences.
Increase pledges by $2,273 based on the results of the actual pledge campaign.
Increase youth fundraising revenue by $334 for amounts received in the prior fiscal year from the lemonade stand but are to support the expenses for the current year.
Add a one-time cost of $6,529 for needed upgrade to AV equipment.
Based on these changes, the adjusted budget for the current 26-27 year is net operating income of $13,792. While it is helpful to be in a positive budget position, we also want to be careful that this is a one-time situation.
July Results
Revenue exceeded the adjusted budget by $6,853 due to strong pledge and space sharing income. Expenses were under the adjusted budget by $4,489. Most expense categories were underbudget, which is typical for July.
June Final Results
For last month’s Anvil article, we only had tentative results for year ending June 30, 2026. Since then, we had some late expenses come in. In finalizing the June results, we were not able to apply amounts to future major maintenance costs as previously reported. The board approved $2,000 expense to go toward future sabbatical costs and applied $244 from a reserve to offset the late expenses. Our final net operating income was $-0-, excluding special donations.
Major Maintenance Project Update
The church’s air conditioning in the basement has broken. We are in the process of getting a new compressor to fix the situation.
Respectfully submitted,
