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by Jim Sanders, Interim Chair, Finance Committee The finance team has reconvened with two returning members of last year’s team, Barbara Drew (Auction Team) and John Unger (At-large), and a fresh and energized group including: Scott Blaydon and Jane Root (Stewardship), Mike Hanson and Bonnie Gilbert (Endowment), George Faulkner (Capital Project Treasurer), Denny Rodgers (UUCWC … Continue reading Finance Team Starts Anew
By Steve Saddlemire, Past Chair, Finance Committee The past twelve months have been active and productive for the Finance Committee. We established a number of important initiatives and I am pleased to provide an update on their status. Our important tasks included: All the members of the Finance Committee should be proud of these accomplishments … Continue reading Our Financial Year In Review
by Steve Saddlemire, Chair, Finance Committee One of the Finance Committee’s primary initiatives from last fiscal year (2021/22) was to formalize several of the processes we follow when conducting business for the church. This included developing policies and procedures for: • the Endowment Committee• addressing budget overruns• determining available cash in the operating reserve• operating … Continue reading Finance Committee Completes Major Initiatives
We closed the 2021-2022 Fiscal Year with a $10k surplus (income exceeding expenses). Recorded Pledge Income lagged the amount recorded as pledges by over $40k – a concerning result that we are investigating. Expenses for the year were below budget, largely attributable to the reduced COVID – related staffing and facilities charges:• Staffing -$24k• Operations … Continue reading Treasurer’s Report – September 2022
by Steve Saddlemire, Chair, Finance Committee This church year was another one of change for UUCWC with the need for many ministries and committees to remain flexible and able to react quickly. The Finance Committee was no exception. As we approach the end of fiscal year 2022, we are proud about what we’ve accomplished to … Continue reading Finance Grows and Becomes More Dynamic
The status of UUCWC finances as of June 2, 2022 is as follows:• Financial indications for UUCWC remain positive with a $43k positive variance – income to expenses• Pledge income lags $40k to budget – $40k: the Stewardship Team will follow up• Lynne Quinto is fully immersed in her Controller responsibilities, aided by Mary Baltycki• … Continue reading Treasurer’s Report to the Congregation – June 2022
UUCWC is pleased to announce that the new Part-Time Controller position, a new staff position at the recommendation of the Audit Team and with Board approval, has been filled by former UUCWC member Lynne Quinto. Lynne presented as the best candidate after numerous interviews due to her extensive background in bookkeeping and finance. She previously held volunteer posts at … Continue reading UUCWC Hires New Controller
by Steve Saddlemire, Finance Committee Over the summer months, the Finance Committee remained busy examining important issues that impact the financial health of our Church. The Team (Stewardship, Treasurer, Bookkeeper, Endowment, Fundraising, Auction, Capital Campaign and Building) examined both new ideas and ongoing projects and developed a list of initiatives we would like to address … Continue reading Finance Committee Initiatives for The Fiscal Year
Statements of Income and Expense as of the close of the month of September reflect continued financial strength in the UUCWC accounts: • All financial indications are positive with a $16k positive variance to date • Bank Account Balances total $1.29 million: $472k Operating combined balances $606k Capital Campaign $232k Endowment -$22k payables
by Mary Baltycki, Chair-Finance Committee FINANCIAL: FISCAL YEAR 7/1/20-6/30/21 MID-YEAR UPDATE It is with a great deal of pleasure that the Finance Committee presents a financial summary for the first six months of our fiscal year. We have closed out the calendar year in a very strong financial position thanks to the extraordinary success of … Continue reading Mid-Year Financial Update
