1 00:00:00,862 --> 00:00:03,310 FOR YOUR GENEROSITY. THANK YOU. [APPLAUSE] 2 00:00:08,734 --> 00:00:10,734 >> 3 00:00:17,137 --> 00:00:21,205 BARB: SECTION 10.3 OF THE UUA BYLAWS SET FORTH THE FOLLOWING 4 00:00:21,206 --> 00:00:23,206 DUTIES OF THE FINANCIAL ADVISOR: 5 00:00:24,370 --> 00:00:27,418 THE FINANCIAL ADVISOR SHALL ADVISE THE PRESIDENT AND THE 6 00:00:27,419 --> 00:00:30,737 BOARD OF TRUSTEES ON FINANCIAL POLICY AND SHALL ASSIST THE 7 00:00:30,738 --> 00:00:34,313 BOARD IN LONG-RANGE PLANNING BY REVIEWING THE SOURCES OF FUNDS, 8 00:00:34,314 --> 00:00:37,590 THE APPLICATION OF FUNDS DESIGNATED FOR SPECIFIC 9 00:00:37,591 --> 00:00:42,414 PURPOSES, THE BALANCE BETWEEN FORESEEABLE INCOME AND PROPOSED 10 00:00:42,415 --> 00:00:46,314 EXPENDITURES, AND THE OVERALL FINANCIAL WELFARE OF THE 11 00:00:46,315 --> 00:00:49,604 ASSOCIATION. FROM TIME TO TIME, THE FINANCIAL ADVISOR SHALL 12 00:00:49,605 --> 00:00:53,185 REPORT TO THE PRESIDENT AND THE BOARD FINDINGS AND 13 00:00:53,186 --> 00:00:55,186 RECOMMENDATIONS RESPECTING THE 14 00:00:56,490 --> 00:00:58,839 CURRENT FINANCIAL AFFAIRS OF THE ASSOCIATION AND LONG-RANGE 15 00:00:58,840 --> 00:01:00,840 PLANNING. THE FINANCIAL ADVISOR 16 00:01:02,624 --> 00:01:05,159 SERVES ON THE UUA BOARD, THE HEALTH PLAN BOARD, THE 17 00:01:05,160 --> 00:01:08,213 RETIREMENT PLAN COMMITTEE, THE SOCIALLY RESPONSIBLE INVESTMENT 18 00:01:08,214 --> 00:01:10,214 COMMITTEE, THE INVESTMENT COMMITTEE AND THE AUDIT 19 00:01:13,362 --> 00:01:15,362 COMMITTEE. PLEASE WELCOME 20 00:01:18,166 --> 00:01:20,453 THE FABULOUS AND HARD WORKING FINANCIAL ADVISOR LUCIA SANTINI 21 00:01:20,454 --> 00:01:23,092 FIELD. [APPLAUSE] 22 00:01:31,730 --> 00:01:38,151 >> GOOD MORNING, EVERYONE. AS YOU MAY KNOW, THE UUA IS A 23 00:01:38,152 --> 00:01:42,475 COMPLEX STRUCTURE WITH A COMPELLING MISSION AND 24 00:01:42,476 --> 00:01:47,597 COMMITMENT. THE FINANCIAL STRUCTURE SUPPORTING THIS 25 00:01:47,598 --> 00:01:49,874 MISSION IS NO LESS COMPLEX. THE ASSOCIATION OF CONGREGATIONS HAS 26 00:01:51,135 --> 00:01:54,941 JUST COMPLETED A SUCCESSFUL FIRST YEAR OF BOTH A NEW 27 00:01:54,942 --> 00:01:57,507 ADMINISTRATION, UNDER THE POWERFUL, THOUGHTFUL, PASSIONATE 28 00:01:59,343 --> 00:02:04,142 AND EFFECTIVE LEADERSHIP OF REV. SUSAN FREDERICK-GRAY AND 29 00:02:04,143 --> 00:02:06,143 VISIONARY AND EFFECTIVE NEW 30 00:02:09,222 --> 00:02:11,105 BOARD LEADERSHIP, WITH CO-MODERATORS ELANDRIA WILLIAMS 31 00:02:11,106 --> 00:02:13,106 AND BARB GREVE. 32 00:02:15,677 --> 00:02:20,025 GREVE.IT HAS BEEN A GREAT YEAR. CONGREGATIONAL COVENANT IS THE 33 00:02:20,026 --> 00:02:24,597 FOUNDATION OF OUR FAITH MOVEMENT AND THE CORE FINANCIAL SUPPORT 34 00:02:24,598 --> 00:02:27,657 FOR OUR MISSION AND VISION. THE INTRODUCTION OF A NEW, MORE 35 00:02:27,658 --> 00:02:29,658 EQUITABLE AND SUSTAINABLE (ALSO 36 00:02:32,270 --> 00:02:34,270 COMPLEX!) FORMULA FOR 37 00:02:35,842 --> 00:02:37,842 CONGREGATIONAL COMMITMENT TO 38 00:02:39,118 --> 00:02:41,634 SUPPORT OUR FAITH MOVEMENT WAS TESTED, REVISED AND MUCH 39 00:02:41,635 --> 00:02:44,698 DISCUSSED OVER THE PAST YEAR OR MORE. I ASK FOR YOUR STRONG 40 00:02:44,699 --> 00:02:50,144 CONGREGATIONAL SUPPORT OF THE NEW APF AND YOUR PATIENCE WITH 41 00:02:50,145 --> 00:02:52,145 INEVITABLE QUESTIONS OR ISSUES 42 00:02:53,723 --> 00:02:55,977 YOU MAY ENCOUNTER. ON BEHALF OF THE BOARD I THANK YOU FOR YOUR 43 00:02:59,082 --> 00:03:02,117 FLEXIBILITY, ENGAGEMENT AND CONTINUED COMMITMENT TO SUPPORT 44 00:03:02,118 --> 00:03:04,118 THE WORK OF OUR FAITH IN THIS CRITICAL TIME. 45 00:03:06,216 --> 00:03:08,216 I AM PLEASED TO REPORT THAT THE 46 00:03:09,258 --> 00:03:11,258 SIGNIFICANT FINANCIAL OPERATIONS 47 00:03:15,169 --> 00:03:18,494 OF THE ASSOCIATION AND RELATED ENTITIES, AS REFLECTED IN THE 48 00:03:18,495 --> 00:03:20,781 UUA'S BUDGET, COMMON ENDOWMENT FUND, RETIREMENT PLAN, HEALTH 49 00:03:20,782 --> 00:03:22,782 PLAN AND BEACON PRESS ARE ALL 50 00:03:24,395 --> 00:03:28,471 HEALTHY AND WELL MANAGED, IN THE HANDS OF COMPETENT AND 51 00:03:28,472 --> 00:03:30,793 EXPERIENCED STAFF AND OVERSEEN BY COMMITTEES OF COMPETENT AND 52 00:03:34,082 --> 00:03:36,082 EXPERIENCED VOLUNTEERS. AS I 53 00:03:39,678 --> 00:03:43,004 -- [APPLAUSE] 54 00:03:44,780 --> 00:03:48,872 AND I'M ALWAYS LOOKING FOR NEW FOLKS WHO ARE INTERESTED IN 55 00:03:48,873 --> 00:03:53,573 HELPING AND IF YOU HAVE FINANCIAL EXPERTISE OF ANY SORT 56 00:03:53,574 --> 00:03:58,169 AND ARE INTERESTED IN SERVING OUR FAITH, PLEASE LOOK FOR ME. 57 00:03:58,170 --> 00:04:03,899 I WILL APPRECIATE IT. AS I NOTED LAST YEAR, FINANCIAL 58 00:04:03,900 --> 00:04:05,900 RESULTS IN THE PUBLISHING BUSINESS ARE HIGHLY VARIABLE AND 59 00:04:07,692 --> 00:04:12,621 DIFFICULT TO PREDICT, WITH EVER SHRINKING MARGINS. BEACON PRESS 60 00:04:12,622 --> 00:04:14,622 HAS MIRACULOUSLY AVOIDED LOSSES FOR MANY, MANY YEARS, BUT WE 61 00:04:18,678 --> 00:04:22,320 (PERSONALLY AND AS A FAITH, I BELIEVE) MUST BE PREPARED TO 62 00:04:22,321 --> 00:04:24,321 SUPPORT THE PROPHETIC VOICE OF THEIR PUBLICATIONS, WHICH 63 00:04:29,174 --> 00:04:32,497 POWERFULLY EXPRESSES OUR FAITH COMMITMENT, IF AND WHEN THE 64 00:04:32,498 --> 00:04:34,498 TREND TURNS. 65 00:04:36,127 --> 00:04:39,142 THE UUA'S AUDIT COMMITTEE WILL BE REVIEWING RECOMMENDATIONS 66 00:04:39,143 --> 00:04:42,444 WITH THE BOARD TO FORMALLY EXPAND ITS CHARTER TO INCLUDE 67 00:04:42,445 --> 00:04:46,593 OVERSIGHT OF RISK MANAGEMENT, IN ADDITION TO FINANCIAL AUDIT 68 00:04:46,594 --> 00:04:51,138 MATTERS. ENTERPRISE WIDE RISK MANAGEMENT STRUCTURES ARE IN 69 00:04:51,139 --> 00:04:56,195 PLACE AT THE UUA AND THIS ENHANCEMENT WOULD SERVE TO 70 00:04:56,196 --> 00:04:58,196 IMPROVE OVERSIGHT AND REPORTING. 71 00:05:00,638 --> 00:05:02,638 THE WORK OF THE ASSOCIATION HAS INCREASINGLY BEEN FOCUSED ON THE 72 00:05:03,907 --> 00:05:06,705 IMPORTANT WORK OF DISMANTLING SYSTEMS OF OPPRESSION AND WHITE 73 00:05:06,706 --> 00:05:09,003 SUPREMACY. THIS IS CRITICAL WORK FOR OUR FAITH AT ANY TIME, BUT 74 00:05:12,148 --> 00:05:14,148 IT IS LONG OVERDUE IN OUR FAITH 75 00:05:16,203 --> 00:05:18,203 AND OUR COUNTRY AND IS NOW MORE 76 00:05:20,014 --> 00:05:22,014 IMPORTANT THAN EVER. AS WE CONTINUE DOWN THIS PATH, WE MUST 77 00:05:23,334 --> 00:05:25,602 RECOGNIZE IT WILL NOT BE EASY AND OUR EMOTIONAL, SPIRITUAL AND 78 00:05:27,131 --> 00:05:29,131 FINANCIAL SUPPORT WILL ALL BE 79 00:05:32,700 --> 00:05:34,700 CRITICAL TO OUR SUCCESS. 80 00:05:36,619 --> 00:05:39,917 I AM THANKFUL FOR UU'S COMMITMENT AND GENEROSITY. I AM 81 00:05:39,918 --> 00:05:41,918 THANKFUL FOR OUR FAITH LEADERS AND COMMITMENT OF SO MANY. I 82 00:05:44,755 --> 00:05:48,641 GIVE SPECIAL THANKS TO BARB AND ELANDRIA FOR THEIR FOCUS ON OUR 83 00:05:48,642 --> 00:05:51,172 FIDUCIARY DUTY TO THE MISSION OF OUR FAITH. 84 00:05:56,270 --> 00:05:58,270 [APPLAUSE] 85 00:06:07,190 --> 00:06:09,190 >>