Category: Finance Committee

Finance Committee Completes Major Initiatives

•

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

Treasurer’s Report – September 2022

•

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

Treasurer’s Report to the Congregation – June 2022

•

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 Hires New Controller

•

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

Finance Committee Initiatives for The Fiscal Year

•

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

Treasurer’s Report to the Congregation

•

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

Mid-Year Financial Update

•

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