It is the end of the calendar year and time for me to give you an update on our UUFM finances.  I apologize that I am going to use a lot of numbers.  I also hate to have such a focus on money, since everyone is in different financial circumstances and there are so many other critical contributions members make to the Fellowship.  But I am the Treasurer, so here goes.

Income and Expenses:  When reviewing these income numbers, remember that we always start the year with a lot of income because some members make their entire pledge payment at the beginning of the year.

Our budget for this year (June 2021 through May 2022) is $173,811.  And our current endowment and bank holdings total $1,002,876.  In December our income was $8,132 and our expense was $12,729.  Total income so far this year is $121,421 and total expense is $100,585.  At this time last year total income was $109,734 and total expense was $93,514, so we are doing better than last year.  As long as we continue on this track, we should meet our budget.  You can see these numbers plotted in the chart below.

Our budget anticipated that total income would not cover all expenses and included a planned withdrawal of $22,311 from the endowment.  If we can manage to reach an average income of $10,500 for the next five months, we can meet our budget without withdrawing from the endowment.

Tax information:  I am actively working on the tax documents.  This next week you should receive a letter that documents your contributions for the past calendar year.  I will also include information on donations for our current UUFM fiscal year.

Contact UUFM Treasurer Dan Swenson at swenson.home@gmail.com.  Dan will be happy to answer questions and discuss Fellowship finances, and can assist you in planning your financial support of UUFM.