Members and friends of Auburn UU,
Here are the materials for Sunday’s Town Hall Oct, 1: the background info is below . You can also view them on the Board blog.
– Potluck (after worship) from 11-11:30am.
– Town Hall will run 11:30am-1pm. Greg Bianconi, co-chair of Finance, will facilitate the discussion.
What: Town Hall
Subject: 2023-2024 Budget
When: October 1, 2023; 11:30-1:00
Where: Vestry/Sanctuary
Background:
At the June 2023 Annual Meeting, the congregation approved the 2023-24 budget with the proviso that we revisit it at a congregational meeting in October.
The congregational meeting has been set for October 15 at 11:30; the official call to meeting will be issued soon.
In order to facilitate efficient and considered discussion and decision making on October 15, the Board decided to schedule a Town Hall devoted to a deep dive into the FY24 budget.
As with the other Town Halls: discussion: no decisions, no votes. The October 15 congregational meeting is the forum for decision making and a vote.
FY24 Budget Summary:
- June 2023 Annual Meeting: the congregation passed a budget with a $56,453 shortfall. Hence the proviso that we revisit the budget in October. As of June 2023:
o Projected Revenue: $183,200
o Projected Expenditures: $239,653
- Budget as of October 1, 2023: the projected deficit is currently $44,163. The reduction is due to adjustments in the ministerial compensation lines. (Both revenue andexpenditures have been reduced by $20,000 as the DIC is now a 501(c)(3) entity)
o Projected Revenue: $163,200
o Projected Expenditures: $207,363
- Income to date: $35,000, reflecting almost three months. We projected $163,200 in income (assuming no DIC rent) which would be about $40,100 for three months. (Not far off, but some large pledges are included and should be spread over the year).
- Expenses to date: $27,000, low because we have just brought Reverend Patrick on board. (His salary/housing will add approximate $5000 per month) The projected $207,363 in expenses would work out to $49,300 for three months if he had been on board.
- How to address in the short term the $44,163 deficit? (combination of the following)
o Use of Treasurer’s Reserve — $12,000
o Use of the Hackett Fund — $17,000
o Checking Account balance — $22,000
o DIC rental income (TBD)
o Church Fund Raisers
o Rentals
o Other?
- What can I do?
o Pay your pledge on time
o Volunteer