August 7, 1987

During last year, 1986, the Finance Committee raised $150,100.00 in cash and $100,000.00 in stock for URANTIA Brotherhood from contributions. This well exceeded our goal of $127,815.00 and was a record for the most money raised in one year for the Brotherhood.

In October 1986, the Finance Committee met to review and recommend a budget for 1987. After careful consideration the accompanying budget for 1987 was adopted by the Executive Committee at its November meeting.

In order to raise the additional funds needed for 1987, the Finance Committee recommended and the Executive Committee agreed that we would send out three solicitation letters this year instead of the traditional two. This was primarily done because the donated dollar split between URANTIA Brotherhood and URANTIA Foundation was going back to the traditional 50/50 ratio from the 70/30 ratio that we enjoyed in 1986. The 3 main factors that we felt would secure the needed funds were: (1) Adoption of credit card usage for donations (2) Increase of our mailing list by 25% (3) 3 solicitation letters

So far through June we have raised approximately $78,500.00 for URANTIA Brotherhood in cash. If we continue at this pace we should reach our goal for 1987. Also, the Finance Committee is looking into the following other matters on behalf of URANTIA Brotherhood: (1) Pension and retirement plans for Brotherhood employees (2) Capital fund drive to raise $1.5 million for Brotherhood (3) Wills and Estate planning (4) Review the 10% income reserve for restricted capital fund (5) Reorganize chart of accounts to be more accurately defined

Another important source of income is the commissions which we receive off of URANTIA Books. I'm happy to report that book sales are up approximately 50% over the last year. If this trend continues, it would bring in an additional $20,000.00 in revenues to URANTIA Brotherhood. The Finance Committee enjoys serving the Brotherhood and looks forward to another great year!

John D. Hay, Chairman Finance Committee