Treasurer’s Summary for June 2026

 

Pledge income remains lower than last year and lower than budget.  As of June 30, 2026, year-to-date Pledge Receipts, Pre-Paid Pledges, Non-Pledge Donations and Plate Receipts totaled $429k compared to $474k for the same period in 2025 and a YTD budget of $465k.  June receipts were better than budget by $17k, which helps to narrow the YTD shortfall.  Total Operating Income stands at $461k compared to budget of $492k and 2025 income of $517k. 

 

Operating Expenses totaled $364k, compared to $350K in 2025.  This is 11k better than our budget of $375k. 

 

Overall, we have a Net Operating Surplus (operating income minus operating expenses) of $96k compared to $167k at the same time in 2025.  We do not expect the YTD surplus to last; the operating budget for the full year calls for a deficit of almost $50k.    

 

Our Balance Sheet remains strong.  Cash and marketable securities are $1.1 million.  The Endowment Fund balance is $3.3 million. 

 

The Trustees have agreed to move forward with renovations to our lower level and to construct a new Memorial Pavilion.  A capital campaign is underway.  Any shortfall will come out of the Endowment Fund.

 

Questions and comments are warmly welcomed.

 

Janet Hurley