1. Welcome Project Mortgage Information
Jim Steffe
Member of Financial Advisory Committee

2. Total Welcome Project Expenses $1,004,600
Projected Welcome Project Income $818,900
Final Payment Due $185,700
Transfer from “Fund for the Future” ($40,000)
Approximate Mortgage
Amount $145,700

3. Projected Mortgage Payments
(based on 4.35% for 20 years)
Mortgage Amount
Monthly Payment
Annual Payment
$190,000(max)
$1,187
$14,244
$185,700
$1,160
$13,920
$145,700
$910
$10,920

4. Other Available Funds
Current balance in:
Fund for the Future $149,000
Contingency Fund ,000
Campus Development ,000
Total Available to Pay Down Loan $250,000
All other funds are restricted and cannot be
used for this purpose

5. Finance Advisory Committee Recommendation
Use $40,000 from the Fund for the Future to reduce loan amount to $145,700 (use $150,000 to be safe)
Mortgage up to $150,000, 4.35% interest, 20 years
Annual Payment = $11,250

6. Finance Advisory Committee Recommendation
The $25,000 in the Campus Development Fund can be used to make mortgage payments for the first two years, keeping that expense out of the Operating Budget.

8. Proposed Budget 2016-17 Town Hall Meeting, April 17, 2016
Linda Topp, Director of Administration

9. The Year of Good News/Bad News

10. We are UUA leaders in several of our programs Luminary YRUU
Spirit Play Hybrid
Field-testing OWL for Parents
Chosen to beta-test a UUA outreach program

11. We have other highly successful programs Worship Leaders
Pastoral Visitors
Connectors
Advance Care Planning
Adult RE (11 full classes this church year!)
Small Groups (up to 6 new groups forming right now)

12. We have a wonderful staff
We have the right-size governance style for our size and a Board that understands it
We have a wonderful staff
We have great new potential in our music program

13. $670,000
$620,000

14. A Little Giving History
No. of Donors
Last Year
This Campaign
$ Change
% Change
Average Gift
Annual Budget Drive Total =
397
$ 635,000
$45,000
7.6
$1,600
Annual Budget Drive Projected Total =
384
$ 620,000
-$15,000
-2.3
$1,615

15. Fair Share Giving is IMPORTANT.
They say that if it’s important, you ought to measure it.
Fair Share Giving is IMPORTANT.
This year, 61 donors, or 16% of our Members and Friends have told us they are Fair Share Givers.

16. Total Income = $738,470
Sustaining Support - financial commitments
620,000
Reserve for uncollectible pledges (6%)
(37,20o)
New pledges, post paid pledges
23,680
Other Contributions
48,000
Distributions from both endowments (5%)
13,690
Other Income - Rentals, Fundraising, Short-term investment earnings, $10K in Community Plate for
70,300

17. About Other Contributions
When we announced that this Annual Budget Drive was looking weak, 4 of our donors raised their pledges while 5 others chose to make one-time gifts to this year’s Drive.
The commitments are included in “Commitment Income.” The one-time gifts are not.

18. About that Community Plate
The Community Plate is being returned to a one-per-month collection. Right now we donate about $30,000 per year. In , we project this change will result in an annual donation of $10,000 and funds to UUCA of about $10,000.

19. Expenses
Worship & Music
$13,700
Lifespan Religious Education
$7,600
Congregational Care/Connections
$4,000
Outreach (4% UUA GIFT + CommPlate)
$45,840
Governance & Congregation Support
$186,710
Personnel (65% of budget)
$480,500

20. Total Income = $738,470
Total Expenses = $738,310

21. We increased the hours of our Music Director to 30 hrs/week
We transferred a full $10,000 to our Capital Fund
We kept a 15 hrs/week Connections Coordinator

22. We kept our UUA GIFT at 4% (UUA prefers 7%)
We held Professional Expenses at 6% of salary (UUA recommends 10%)

23. We dropped Personnel Expenses $59,000 by:
Laying off Jules Smith, Communications Specialist
Laying off our bookkeeping assistant (10 hours)
Losing 10 hours of time of Kim Collins (LRE Coord)
Losing 10 hours of time of Linda Topp (Dir Admin)

24. We changed the Community Plate collection to once a month.
We suspended an annual $4,000 transfer towards getting a full-fledged audit someday.
No senior staff members got raises, continuing to fall further behind UUA guidelines.

25. Fair Share Giving Is Important!
It provides a range of practical gift levels for the individual or household making a new pledge to consider.
It serves as a social justice tool, in that it recognizes people have varying capacities to give, based on their resources and other financial responsibilities, while providing recognition for giving at various levels.

26. And So….Mark?