I am happy to report that through the first half of this year we have received 56.2% of our budgeted revenue.  This includes 58.3% of our budgeted pledge income, 69.2% of our budgeted plate income, and 122% of our budgeted interest income.  Rental and parking income are at only 33.4% of our projections, but that will pick up in the fall with the football season. 

Thank you to everyone who is fulfilling their pledges this year.  Without regard to the amount pledged here is a distribution of how members are doing toward fulfilling their pledges.

Percent of Pledge Given                    Percent of Pledgers

100%                                                   20.3%

75 – 99%                                            6.6%

50 – 74%                                            44.6%

25 – 49%                                            7.5%

1 – 24%                                               3.3%

No pledge given to date                   17.7%

This table tells us that 71.5% of our pledges have given half or more of their pledges. Notably 17.7% of pledges have not given any of their pledge.  Granted that some members situations change during the year, we still encourage all who can to fulfill their pledge commitments.

While our revenue is above mid-year goals, our expenses are below mid-year goals which is a good thing.  Through June 30th we have received almost $67,000 more than we have spent in our pledge budget.

Giving to designated activity and program accounts has continued at a healthy pace this year.  The total designated account balances have risen about $37,500 through June 30th.  In particularly, funds set aside for building improvements and equipment is up almost $57,000

Here are summary reports for our pledge budget, our designated accounts, and our cash, investment, and reserve balances.

Alan Hill
Chair, Board of Business