HomeHow are We Doing Financially?
On the left, below, is our 2011 annual budget of $1.319M. At the right are YTD results for the 2011 Ministry year.
| Category | Amount |
|---|---|
| TOTAL | $1.319M |
| Personnel | $576,000 |
| Mortgage | $360,000 |
| Property | $131,000 |
| Benevolence | $ 96,000 |
| Administration | $ 65,000 |
| Everything Else | $ 91,000 |
| Category | Actual | Needed |
|---|---|---|
| Net Income | -$50,310 | |
| All Income/Giving1 | $947,250 | $1,099,202 |
| Expenses2 | $997,560 | |
We are now about $50,000 behind in terms of Income vs Expense. With November and December being strong giving months historically, we are optimistic about our overall 2011 results. Best estimate is that we will finish up at $1.2M of income and about the same on expenses. Thanks to all for your continuing support.
Notes:
- For 2011, we have combined Regular and Capital Campaign budgets into a single entity.
- The one-time mortgage re-financing fee of $43,670 is now shown in the above expenses. This is because the income includes the over $49,000 received toward this expense.
