Some of you have been asking about how RVUUF will use the proceeds from the sale of Emerson House. As explained earlier this year, some of the proceeds will be needed to finance both this Fiscal Year’s shortfall and, to a much lesser extent, an additional, anticipated shortfall in FY2026-2027.
These amounts are posted as a line item entitled “Emerson House Offset” in the summarized FY2026-2027 Budget you have received in your Annual Congregational Meeting Packet.
Funds will also be needed to “re-fund” our Restricted and Reserve Accounts in the dollar amounts shown in the accompanying informational sheets:
July1EstReserveAccount_05192026
These sheets detail the current thinking regarding disbursement of Emerson House Proceeds. Of note is the fact that these funds will be used mainly to re-fund our depleted reserve accounts at Key Bank. In many cases, they are our “rainy day” reserves should we encounter future shortfalls. In that regard, the money is not being “spent” so much as being put into “savings” accounts, to be used as needed to ensure the financial stability of RVUUF in years to come.
These plans will be finalized as we approach the new Fiscal Year. However, it is not too early for us to be thinking ahead. We will keep you updated as plans progress.