| MONTHLY FINANCIAL REPORT | May 2013 |
|
Year to Date through May
|
|
Year to Date |
| Donations: |
Actual 13 |
Actual 12 |
Difference |
|
Actual |
Budget |
Difference |
| General Tithes (includes Home Missions) |
$2,578,593 |
$2,375,256 |
$203,337 |
|
$2,578,593 |
$2,534,837 |
$43,756 |
| World Missions (excludes short-term trips) |
$633,073 |
$743,743 |
-$110,670 |
|
$633,073 |
$718,500 |
-$85,427 |
| Subtotal |
$3,211,666 |
$3,118,999 |
$92,667 |
|
|
|
|
| Designated (excludes Capital Campaign) |
$312,814 |
$102,167 |
$210,647 |
|
$312,814 |
0 |
$312,814 |
| Total Donations |
$3,524,480 |
$3,221,166 |
$303,314 |
|
$3,524,480 |
$3,253,337 |
$271,143 |
| OTHER INCOME: Fees & Other Income |
$921,966 |
$899,179 |
$22,787 |
|
$921,966 |
$972,318 |
-$50,352 |
| TOTAL INCOME |
$4,446,446 |
$4,120,345 |
$326,101 |
|
$4,446,446 |
$4,225,655 |
$220,791 |
|
|
|
|
| Spending |
|
|
|
|
|
|
|
| General & Home Missions (excludes debt service payments) |
$3,966,238 |
$3,642,594 |
$323,644 |
|
$3,966,238 |
$4,119,124 |
-$152,886 |
| World Missions (excludes short-term trips) |
$903,814 |
$831,302 |
$75,512 |
|
$903,814 |
$857,440 |
$46,374 |
| Subtotal |
$4,870,052 |
$4,473,896 |
$396,156 |
|
|
|
|
| Designated Gifts (excludes Capital Campaign) |
$342,238 |
$146,193 |
$196,045 |
|
$342,238 |
0 |
$342,238 |
| Spending in from donations and fees |
$5,212,290 |
$4,620,089 |
$592,201 |
|
$5,212,290 |
$4,976,564
|
$235,726 |
| OTHER SPENDING: |
$20,256 |
$36,393 |
-$16,137 |
|
$20,180 |
0 |
$20,180 |
| Total Spending |
$5,232,546 |
$4,656,482 |
$576,064 |
|
$5,232,470 |
$4,976,564 |
$255,906 |
| Net Cash Flow |
-$786,100 |
-$536,137 |
-$249,963 |
|
-$786,024 |
-$750,909 |
-$35,115 |
| Income exceeds (falls short of) expenses by: |
-$490,028 General & Home Missions; -$270,741 World Missions; -$25,331 Other changes |
| Cash Balances |
$1,299,976 |
$2,004,860 |
-$704,884 |
|
Capital Campaign from Beginning |
| Loan Balances (excludes Capital Campaign) |
$0 |
$0 |
$0 |
|
Donations |
(Note 1) |
$3,697,398 |
| Net Cash Balances* |
$1,299,976 |
$2,004,860 |
-$704,884 |
|
Spending |
(Note 3) |
$6,168,958 |
| *Includes Reserves set aside |
$1,123,000 |
$1,123,000 |
$0 |
|
Amount Needed |
-$2,471,560 |
| Working Capital |
$176,976 |
$881,860 |
-$704,884 |
|
Construction Loan (Note 2)
|
$2,725,671 |
|
(Note 1) Non-Pledged Donations |
$699,841 |
| |
(Note 3) Interest & Other Non-Construction |
$249,974 |
|
Total Pledges |
$4,668,914 |
