We are only a few months into 2025 so there is not much to say about our revenue and expenses yet. Through two months (16.7% of the year) our revenue to date is 19.4% of our budgeted total. This has helped in great part because $15,070 was paid towards 2024 pledges in the current year. This is $5,070 more than we expected. Pledges received for the current year are at 18.8% of the total pledged.
Salaries and wages paid through February are on 14.9% of budget, mostly because we were not yet paying an interim minister. Benefits are closer to budget at 15.6% but this is because we paid our entire annual workers comp premium.
Space expenses are a little high year to date because utilities have been much higher than expected. We did have a couple very cold spells. Staff is investigating whether the church is being fully compensated for the solar energy been produced by our panels.
Office supplies are also a little higher than we would like. However, we pay our general insurance premiums in quarters, and we have purchased a new laptop for the Director of Programming and Development.
This early in the year, program expenses tend to be well below budget. We have also not transferred any budget funds for capital reserve replenishment yet. The Board of Business is waiting to see what the budget impact of an interim minister starting early than originally planned.
Bottom line through two months we have received $35,559 more than we have spent. We do not expect that will be our situation at the end of the year, but it feels good right now.
You can also see from the budget report that UCG has $80,437 of unencumbered cash on hand.
There about 80 designated accounts in use at UCG. Through February $47,641 was credited to various accounts and $56,003 was spent from various accounts.
Adult program activity was almost entirely for the Women’s Overnight Retreat and an OWL trainer training. Youth and children programs received and spent money for the high school youth group, work tour and Kids Night Out.
Our Outreach and Inreach programs took in $10,730 and spent $15,030. Most funds were for Food 4 Kids and Operation Hope. $2,500 was provided as disaster relief to UCG churches impacted by fires in California.
$12,105 were donated to the Building Improvements reserve for capital improvements. $11,296 was spent on such things as renovations to the west wing bathrooms.
Our church healing weekend visit from Convergence cost the church $3,536 for travel and consultant compensation.
Board of Business Chair, Alan Hill