Financial Report – All Saints’ Episcopal Parish – June, 2014

At mid-year we find ourselves very close to budget for our pledges, but donations have been less than expected. As a caveat, donations tend to be more seasonal around holidays so the monthly budget expectations are not always an accurate picture. Although we are very close between income and expense YTD in total, it is primarily due to the generosity of those that have gone before and left monies to the Parish for future generations. We budget annual distributions from those funds carefully so as to preserve the majority of them for the future. Our prayer is to grow our Parish and increase pledges such that we become less dependent on those funds for operating support.

Jacklyn Graham, Treasurer

 YTD Actual YTD Budget
INCOME:
2014 Pledges $100,227 $110,002
Other Operating Income $28,828 $47,050
    Total Operating Income $129,055 $157,052
Revenue Other $27,060 $26,650
Trust Revenues $95,948 $77,557
    Total Income $252,063 $261,259
EXPENSE:
Areas of Ministry $65,254 $71,618
Committees $22,682 $29,632
Operations:
Payroll $139,484 $139,968
Administrative $24,658 $28,203
    Total Operations $164,142 $168,171
Operations-Other (loan interest) $1,291 $502
    Total Expense $253,369 $269,923
NET ($1,307) ($8,664)

Malachi 3:10
“Bring the whole tithe into the storehouse, so that there may be food in My house, and test Me now in this,” says the Lord of hosts, “if I will not open for you the windows of heaven and pour out for you a blessing until it overflows.”