9/27 Town Hall Summary
Financials
UFW continues to record positive financials numbers (net revenue above zero). The following items are considered:
Since March 2020, after paying off over $30,000 in unpaid bills going back to July 2019, UFW has been able to stay above zero regarding its net revenue. That is, the budgeted deficit of around $7,000 has been successfully eliminated since then. Additionally, we have been able to accrue monies for expenses, such as paying off promissory notes due, construction cost for sanctuary building (office/YFM/group move), overdue and unexpected maintenance repairs, etc.
We successfully paid off all promissory notes due in 2020, leaving a debt owed to individual congregants at slightly less than $70,000. Thus far, all interest owed has been donated to UFW. Please join us in extending our Gratitude to such Generosity.
Using the funds granted via the Paycheck Protection Program (PPP), our Line of Credit is below $70,000, putting our total debt (not counting our mortgage) at less than $140,000. The PPP loan may be forgiven in its entirety due to the extension of the program in June.
We are keeping a healthy balance of available monies in our checking account to be able to cover our expenses as well as navigate anything unexpected.
A quarterly review of the first three quarters of 2020 will be provided during our next town hall meeting on October 25.
Covid-19 Update
A Letter from the Board of Trustees (BOT) has been published in our news blog and distributed via our newsletter and mass email to our congregation. The letter included details as to the progress regarding our reopening process.
The letter also shared the BOT’s decision to amend our Covid-19 Phase 1 Reopening Process Policy, specifying with more clarity what proper mask wearing looks like.
Congregants are asked to participate in a survey to give the Covid-19 Task Force (C19TF) and BOT feedback regarding their willingness to return to in-person/indoor services, related to the current Phase 2A Plan to allow such services while providing the projection of the live stream (without participation of music and worship team).
The BOT and C19TF continue to meet on a regular basis to monitor the development, including the recognition of federal, state, and local recommendations and requirements.
Halloween
The considerations for UFW to provide a Halloween experience during the Covid-19 pandemic in collaboration with the Wedgwood East Neighborhood Association (WENA) elicited a broad recognition of the potential risks and liabilities.
A first meeting was held with relevant stakeholders (parents, volunteers, etc.) regarding the feasibility of a Trunk-or-Treat event at UFW. Options such as a parking-lot, drive-through, and virtual events were discussed.
The CDC recommendations consider any in-person event as moderate or high risk engagement and advises against it.
Various virtual options are considered as an alternative to any in-person event.