1. Jennie Langer – Treasurer Use Your Annual Report to Follow Along
Treasurer’s Report
Jennie Langer – Treasurer
Use Your Annual Report to Follow Along
Good afternoon. My name is Jennie Langer and I am here today representing both the Board of Directors and you Finance Committee..

2. Thank You For The Blessings!
Our Ministries
Our Campus Home
We are on a journey to financial health and making progress
A year ago we were discussing the “Love It or Leave It” decision. You all voted to STAY and SUPPORT both the Ministry and our 8-acre campus.
Today your Finance Committee is here to update you on the progress that has been made.
This is a JOURNEY. POSITIVE PROGRESS has been achieved. The JOURNEY CONTINUES.

3. Funding Unity North – We Rely on Both!
Delivering on Our Mission & Vision
Ministry, Music, & Youth
Programs & Events
Routine Facility Expenses; Utilities; Mortgage Payment; Cleaning; Landscape; Supplies; Facility Staff
Community & Outreach; Family Promise; Tithing; Marketing; Interfaith Activities; New Member Development
Major Facility Repairs & Improvements; Roofs; Appliances; Foundation; HVAC Systems; Parking; Buildings
Mortgage Principle Payoff
Operating Funds
Capital Funds
Here at Unity North, we run our “business” “by the book”. Our Financials are audited and we use Generally Accepted Accounting Principles for Non-Profits.
One Impact is that we separately track CAPITAL FUNDS & EXPENSES and OPERATING Funds and Expenses.
ANY MONEY YOU CONTRIBUTE TO THE CAPITAL CAMPAIGN CAN ONLY BE USED FOR THE ITEMS THAT YOU SEE ON THE SLIDE.
Money Contributed at Services, Events, or thru Consistent Giving can be used for any expense. We generally use it for our day-to-day operations of the Ministry and the Campus.
Let’s take a look at our OperatingFunds first.

4. Ministry & Campus Operations
Revenues Flat – Operating Contributions Declined
Expenses up 6.5% higher:
- mortgage
- cost of programs/events
Average Monthly Operating Expenses = $87.4k
Average Monthly Operating Revenues = $81.9k (seasonal)
Ministry and campus operations
Operating Revenues were flat from contributions, rental, and programs at $982,766 - comparable to 2017.
Operating Expenses exceed Revenues & were up 6.5% to $1,049,204 – primarily due to increase in Adult & Youth Education expenses. Mortgage interest expenses also increased for the 2nd half of the year as new interest rate took effect. Increase in Worship and Music costs were principally offset by one-time restricted donations in 2018 – that we do not expect to recur in 2019.
Monthly Average Operating Expenses were $87,434 in 2018 and will increase in 2019.
Monthly Average Operating Revenues were $81,897 in 2018.

5. Excellent Expense Management
77% investment in Ministry & Programs
Diversifying Revenue. Events & Programs have high costs & may be risky.
Operating Revenues
Expenses by Functional Area: Auditors looked at each function and allocated staff time and facility square footage to each area. They concluded that 77% of UNA’s expenses are for Ministry and Programs – our core mission.
General & Administrative costs went down. They were 23% of total expenses in 2018 – a reduction from 24% in In general, the range for non-profit organizations is 20% - 25%. This is excellent given our large facility.
We are also performing well with our overall Payroll costs – about 45% of total expenses. Other churches of our size will be closer to 50%. However, this is a broad range between 40 – 60% depending on the level of congregants who volunteer for regular duties. UNA has shifted to part-time staff with only 3 full-time employees managing a $1 Million organization. This is very positive from a financial perspective but may not be sustainable for the long-run as ministerial and business staff may experience burn-out. Congregants who volunteer to permanently fill regular, recurring roles can help free up funds to hire ministry staff.
We continue to diversify our Operating Revenues through a variety of programs, events, and rentals. We continued to struggle with general facility rentals due to several factors including: (a) location away from business, hotels, and mass transit; (b) rooms not configured to meet specific needs; (c) lack of a catering or fully functional warming kitchen and (d) staffing with full-time focus on this area. In 2019 we have added part-time staff with rentals being one of multiple jobs. In addition, we are reconfiguring the Peace Chapel to support more weddings, memorials, and rentals.

6. Operating Contributions Dip Lower
Sign Up for Consistent Giving
Capital Campaign is in ADDITION to Operating Funds
Consider Alternative Forms of Giving

7. Strong Cash Position; Bequests & Capital
5 Month Emergency Operating Expense Coverage
Operating Loss will deplete “savings” in Board Reserve Funds
Ministries becoming self-sustaining
Capital Campaign is covering facility repairs

8. Capital Campaign Update
Total Pledges and Donations:
$ ,316
Total Pledge Payments and Donations
$ ,302
(Cash Received to date)
Total Pledges Outstanding
$ ,014
(to be Collected by April 2020)
Pledge Delinquency Run Rate 8%
Balance in Capital Bank Account 2/28/2019
$ ,304
(includes fundraising for PlaySpace & additional savings)
Last year we took Pledges for future contributions to the Capital Campaign in order to plan our repairs. There were about $403,000 in Pledges.
We have also received about $90,000 in one-time capital donations.
Today we continue to receive monthly Payments against those Pledges. A big THANKS to everyone who continues to deliver on their pledges.
We have had families that have notified us that they won’t be making payments against their pledges. Some have moved and others have lifestyle changes.
We keep these funds in a separate Bank Account. We have added to this account the funds raised for the PlaySpace. We have also added a small amount every month in savings from our operating account as our members approved in last year’s Annual Meeting.

9. Capital Campaign Expenditures To-Date
These Capital Funds are used for MAJOR repairs and improvements to our significant assets. The last 16 months have been very busy repairing our campus facilities.
We thank you for providing a warm, dry & safe sanctuary for our ministries.
We have also updated the Peace Chapel…. (add more here).

10. Attract More Facility Rentals with Peace Chapel
Renovated Peace Chapel to Attract More Rentals

11. HVAC Replacement Cont. 18 units on campus = 197 tons total
7 units replaced = tons have been replaced since 2012
11 units remain = 79.5 tons remain
Replacement cost projected = $100,000.
We will replace as they fail
Peace Chapel, HVAC Unit, March 2019

12. Next: Administration Building
1. Stabilize Foundation. Waterproof. Repair Sidewalk – work is being contracted in Spring 2019
$45,000
2. Roof & Chimney Repairs – stop leaks into Gathering Room
3. Replace Rotten Wood & Paint Exterior
4. Repair Interior Damage, Paint
Anticipated Total Project (without interior updates)
$100,000
Deferred maintenance is rapidly deteriorating the building
There are a number of anticipated repairs that continue to be significant. Some will become more expensive the more we delay.
I would like to THANK our staff and volunteers for being good stewards of your capital funds. They have negotiated diligently with vendors and explored creative alternatives for major expenses.

13. On the List….
LIGHTS - replace halogen with LED. Replace water damaged ceiling tiles. Rent extra-high lift. Sanctuary & Peace Chapel. Will reduce electric & air conditioning costs
SEATS – aging seats will need to be replaced over time
PARKING LOT - resurface when needed
CARETAKER COTTAGE & GARAGE - roof/wood/paint – deferred maintenance
HGC, Halls, Kitchen Flooring – repair tiles. Replace when funds available.
HGC Kitchen – $10-$15k investment will make it more attractive for rentals
ELEVATOR – aging and may need replacement
There are a number of anticipated repairs that continue to be significant. Some will become more expensive the more we delay.
I would like to THANK our staff and volunteers for being good stewards of your capital funds. They have negotiated diligently with vendors and explored creative alternatives for major expenses.

14. COME MEET YOUR FINANCE COMMITTEE
Jennie Langer – Treasurer
Chris James
Mike Stott
Sylvia Draughn
Ted Worrell
Partial Year Volunteers:
Karen Boyer
Tracey Quillan
Advisors:
Diane Glynn, Executive Director
Frank Rambo, Senior Accountant
Ray Hughes, BoD Facilities Chair
Adam Daley, Past Treasurer
Stop by the table in the back to let us know if you would like to be considered for the 2019 Finance Committee
Your Finance Committee will be available to meet you and answer any questions that you may have after the meeting. Thank you for your attention and you support.

15. Estate Planning Essentials Lunch & Learn:
How to Use Wills, Trusts, and Healthcare Directives to Protect Your Assets, Wishes and the People & Community You Love
Registration required - FREE
Sunday, May 5, :00 – 3:00 PM, OR
Thursday, May 16, :00 – 2:00 PM
SIGN UP AT FINANCE TABLE IN THE BACK
Your Unity North Finance Committee is pleased to bring you Georgia attorney Steve Worrall for a free educational estate planning workshop and discover how to best protect your assets, wishes and the people & community you love… no matter what happens. Even if you have an estate plan or a living trust, new laws and overlooked items may mean your current plan is out of date.
The “lunch and learn” workshop will be offered on two different days.