Beloved community, let me start with the good news: the church is in excellent financial health.
The summer is a good time to reflect on the first half of the year and evaluate how we’re doing, and when I look at the June financial statements, I see reasons for optimism. Pledges are slightly above budget, and 9% above June 2021. Rental revenue is lower than planned, but we’re having exciting conversations about fall rental prospects. We have $800,000 in designated accounts that support specific church projects and areas of our mission. The endowment went down in the 2nd quarter, but our ethical investments are beating the market average.
At a time when many organizations are contracting, we celebrated our most successful pledge campaign in many years. Our budgeted expenses went up in 2022, and some of you may recall that council voted to pass a slight deficit budget (about 1%) instead of making additional cuts. At this point in the year, expenses are lower than budget, and we’re not anxious about how we’ll end 2022.
This is worth celebrating! Thanks to your generosity of spirit, we are growing and meeting our increased needs. We’ve expanded our faith formation opportunities, engaged in justice actions and advocacy, upgraded Covid safety precautions for the building, invested in new tech to support hybrid worship and events that keep our community connected, and absorbed the impact of inflation this year on everything from office supplies to insurance. The Church Council also made an exciting mid-year action on wage justice, taking a loan of $50,000 from the council-designated endowment to increase pay for our lowest wage workers, putting our values into action and moving towards offering a living wage to church staff.
Without you, none of this would be possible. Your continued gifts of presence, pledges, and prayers are the foundation of this church. May God bless and multiply these gifts, helping to grow and strengthen this beloved church so we can continue our mission and ministry together.
Kyna Shilling Director of Finance & Operations
To make a gift in support of UCUCC, click here.