Our budget is running a bit more negative than expected, but is overall still good. Our long-term finances remain healthy, and we have started to receive contributions to Capital Campaign pledges. All information below is as of the end of June.

Revenue and Expenses
Our operating income was $272,288, 99% of our budget of $276,110. Our income is about $39,000 lower than it could be in our reporting, because we recognize 2025 pledges paid in 2024 throughout the year, rather than in a lump sum at the beginning of 2025. Operating expenses were $296,509, 102% of our budget of $289,387. This overage was due to higher-than-expected supplies and building maintenance, as well as some 2024 security salaries that were paid this year. Overall, this led to a net loss of $24,221, worse than our budgeted net loss of $13,277.

Assets and Liabilities
Total assets at the end of the quarter were $299,103, nearly the same as the end of the first quarter. The total assets do not include the money in our endowments and other investments. Total liabilities were $320,347, also similar to the end of the first quarter. Overall, we ended the quarter with total equity of negative $21,243, a combination of our $2,978 in retained earnings from last year, and this year’s $24,221 net loss.

Warming Our Welcome, Brightening Our Future: Capital Campaign 2025
Thank you to everyone who contributed to our successful capital campaign! We exceeded our initial $750,000 goal to be able to upgrade our sanctuary and Mason Wing, with some projects already underway. We still hope to reach our $1.5 million aspirational goal over time, to be able to reimagine the beauty and accessibility of our front entrance and back yard. Our current pledges stand at $1.09 million, with 61% of the congregation contributing. If you’d still like to make a pledge, you can do so at https://firstunitarianpgh.breezechms.com/form/2a0fa2