The UUCF 2022-23 budget – as approved by the congregation at the Jun. 5, 2022, Annual Meeting – is shown below.
Work on the budget begins with the Coordinating Team (CT), which creates a rough budget based on expected expenses for the coming year and the projected income from rentals, the Auction and, most importantly, pledges to the Annual Giving Campaign. The CT then presents various budget options to the UUCF Board of Directors, which then sets priorities and makes decisions to arrive at the proposed budget shown below.
While overall pledging for the coming year is about 2% less than the current year, rental income (mostly from the Siena School) increased, yielding a 7% increase in expected income over the current year. Expenses for next year, though, are also expected to increase substantially due to inflation, increased healthcare costs and campus reopening. To offset these increasing expenses, budgeted spending on all programs will be reduced by 12.5%, and the congregation’s Fair Share contribution to the Unitarian Universalist Association will remain at approximately one-third of the assessed amount ($20,000).
Despite the increase in income and reduction in expenses, the budget is still in deficit by about $67,000. The deficit will be addressed by drawing on UUCF’s Operational Reserve, which holds about $224,000, including excess loan money from the forgiven government PPP loan that was intended to keep staff employed during the pandemic.