August 2024
A Message from your VIUU Treasurer
I’m highlighting the status of VIUU’s financial state through the end of Fiscal Year 2023-24:
Pledges and Non-pledge Donations
- 100% of all congregants who made pledges for this fiscal year honored them.
- Pledge actuals for the year exceeded the budgeted goal by $6,658: Pledge Budget- $63,980. Pledge Actuals- $70,638.
- Non-pledge donations received (plate collections and other donations) totaled $5,893-up from the previous year by just over $1,500.
- Supplementary income generated from rebates from Thriftway and IGA based on grocery receipts submitted added up to $1,470. Please keep bringing your receipts to the GURU this coming year!
Financial Health of VIUF
- VIUU ended the year with a surplus budget of $9,736. A BIG Thank You goes out to those who exceeded their pledge payments substantially.
- Regarding our financial assets held at Puget Sound Community Credit Union, our Checking Account balance is over $118,000, our Shared Savings Account balance is over $12,000, and our Emergency/Contingency Reserve Account is at $20,000. The UUCEF custodial account, which manages the Bernice Black Memorial Scholarship money, totals over to $56,000.
- Total expenses fell just under budgeted expenses for the year in spite increased Program spending.
Overall, VIUU stands in a strong financial position thanks to all who support our beloved VIUU with their resources. Looking forward to Fiscal Year 2024-25, our budget has increased by $27,000. While our expenses have increased due to higher payroll and the addition of the Community Support Donation budget line item ($6,500 to be distributed to Vashon Island non-profit organizations), members’ pledges increased in kind to create a balanced budget.
In Service and Trust,
Kirk Barker-VIUU Treasurer
