CUF Organization

CARBONDALE UNITARIAN FELLOWSHIP
FIVE-YEAR FINANCIAL PROJECTION ( 2006-07 to 2010-11)

	FY06	FY07	FY08	FY09	FY10	FY11	Notes
POPULATION SERVED
Adult Members (112 in Jan. 2000)	169	177	186	195	205	215	Assume 5% net growth in members
Children in RE	69	73	76	80	84	88	41% of adult members
Pledge Units	116	126	125	131	137	144	67% of adult members; Average # pledge units

INCOME
Pledge Income	$174,000	$204,000	$208,205	$222,970	$245,092	$269,830	Pledge units * Average pledge + $5K
Average Pledge	$1,465	$1,580	$1,659	$1,742	$1,829	$1,920	Assume increase by 5%/yr
Other Income (plate, rent, interest, bond,other)	$24,451	$12,288	$12,902	$13,548	$14,225	$14,936	Assume increase by 5%/yr
Special Fundraiser for Staff Expansion			$5,000	$8,000			Additional revenues to meet staff expansion
TOTAL INCOME	$198,451	$216,288	$226,107	$244,517	$259,317	$284,766

OPERATING EXPENSES

BUILDING	$25,030	$27,130	$28,487	$29,911	$31,406	$32,977	Assume increase by 5%/yr
OFFICE	$5,700	$4,700	$4,935	$5,182	$5,441	$5,713	Assume increase by 5%/yr
MORTGAGE*	$34,344	$34,344	$34,344	$34,344	$34,344	$34,344	15 year mortgage through August, 2019

EMPLOYEE COMPENSATION & BENEFITS							Assume 5%/yr increase
RE Director/Coordinator (including 403b)	$15,989	$17,268	$18,131	$19,038	$19,990	$20,989
Additional RE Staff (Consultant in "07)			$5,000				Consultant for curriculuum development FY 08
Office Administrator	$0	$10,000	$10,500	$11,025	$11,576	$12,155	New position @15hr/wk start in FY 07
Organist/Music Director	$0	$0	$0	$7,912	$8,308	$8,723	New position @10hr/wk starting in FY 09
Child Care	$4,960	$4,030	$4,232	$4,443	$4,665	$4,898	3 SS baby sitters + ($500 misc.)
Social Security & Medicare	$1,414	$2,194	$2,518	$3,246	$3,408	$3,579	.0765 of wages
Employee travel & professional expenses	$600	$624	$655	$688	$722	$758

MINISTER COMPENSATION & BENEFITS							Assume 5%/yr increase
Wages and housing allowance	$55,908	$60,203	$63,213	$66,374	$69,692	$73,177
Ministerial benefits (insurance, 403b, etc.)	$19,526	$18,232	$19,144	$20,101	$21,106	$22,161
Minister's professional and travel expenses	$5,513	$5,733	$6,020	$6,321	$6,637	$6,968

COMMITTEES							Assume 5%/yr increase
Communications	$2,440	$3,540	$3,717	$3,903	$4,098	$4,303
Denominational Affairs	$14,417	$15,640	$16,422	$17,243	$18,105	$19,011	$88/member in FY07, assume 5%/yr increase
Member Activity(canvass, care/share,hospitality)	$2,850	$2,650	$2,783	$2,922	$3,068	$3,221
Music	$3,700	$3,700	$3,885	$4,079	$4,283	$4,497
Programs (Community)	$600	$600	$630	$662	$695	$729
Religious Education	$3,360	$3,600	$3,780	$3,969	$4,167	$4,376
Social Action	$900	$900	$945	$992	$1,042	$1,094
Sunday Service	$700	$700	$735	$772	$810	$851
Board of Directors, Contingency	$500	$500	$525	$551	$579	$608
TOTAL OPERATING EXPENSES	$198,451	$216,288	$230,600	$243,676	$254,143	$265,133
OPERATING SURPLUS (DEFICIT)	$0	$0	($4,493)	$841	$5,174	$19,633

*Variable rate mortgage adjusted every 3 years. First adjustment expected 8/07. Annual payments will vary through rate adjustment and/or reduction in principal.