SUMMARIZED BALANCE SHEET 2019
2018
$ 402,847 752,129 114,819 60,000 6,171,980
447,523 763,835 179,071 40,000 6,502,222
7,501,775
7,932,651
$ 171,723 24,045 1,549,778
230,819 83,313 2,812,363
1,745,546
3,126,495
Fund Balances Unrestricted Externally Restricted Invested in Property & Equipment
1,143,845 5,707 4,606,677
1,050,405 86,592 3,669,159
Total Fund Balances
5,756,229
4,806,156
Total Liabilities & Fund Balances
$ 7,501,775
7,932,651
ASSETS Cash Short-Term Investment Accounts Receivable & Prepaids Housing Loans Property & Equipment
Total Assets
LIABILITIES & FUND BALANCES Liabilities Accounts Payable & Accrued Liabilities Deferred Revenue Long-Term Debt
Total Liabilities
SUMMARIZED REVENUES & EXPENSES 2019
2018
$ 3,986,359 744,799
3,985,198 385,729
4,731,158
4,370,927
EXPENSES General Expenses Restricted Expenses
2,752,240 1,028,845
2,658,616 929,009
3,781,085
3,587,625
$ 950,073
783,302
REVENUES Offerings & Ministry Revenues Designated Revenues
Total Revenues
Total Expenses
Excess of Revenues Over Expenses
REVENUES 2019 GENERAL REVENUES Offerings Other Ministry Revenues
$ 3,804,350 182,009
80% 4%
3,752,656 232,542
86% 5%
3,986,359
84%
3,985,198
91%
395,647 349,152
9% 7%
369,524 16,205
8% 1%
744,799
16%
385,729
9%
$ 4,731,158
100%
4,370,927
100%
RESTRICTED REVENUES Kingdom Builders Building Total Revenues
2018
7% 9% 4%
80%
Offerings
Other Ministry Revenues
Kingdom Builders
Building
EXPENSES 2019 GENERAL EXPENSES Ministry & Programs Administration & Support Facilities & Technical Ministries
$ 1,674,145 630,879 447,216
44% 17% 12%
1,767,510 451,213 439,893
49% 13% 12%
2,752,240
73%
2,658,616
74%
476,532 84,850 467,463
13% 2% 12%
368,332 112,549 448,128
10% 3% 13%
1,028,845
27%
929,009
26%
$ 3,781,085
100%
3,587,625
100%
RESTRICTED EXPENSES Kingdom Builders Building Amortization Total Expenses
2018
12% 2% 13% 44% 12% 17%
Ministry & Programs
Admin & Support
Facilities & Tech
Kingdom Builders
Building
Amortization
2019-2020 BUDGET REVENUES & EXPENSES REVENUES General Offerings Ministry Revenues Support Services Revenues Kingdom Builders One Hope Building
3,788,091 142,475 40,050 443,901 25,000 12,000
Total Revenues
4,451,517
EXPENSES CONNECT Ministries Mississauga Campus Milton Campus Brampton Campus Online Campus New Community Guest Services Communications Technical Ministries
770,710 226,897 159,102 8,750 2,150 17,100 55,600 91,118
Total CONNECT Expenses
1,331,427
GROW Ministries Grow Operations Children Ministries Student Ministries Adult Ministries Library
151,773 119,963 258,392 17,950 7,500
Total GROW Expenses
555,578
SERVE Ministries Serve Operations Evangelism & Outreach Plan to Protect Pastoral Care
141,660 5,000 17,831 8,000
Total SERVE Expenses
172,491
2019-2020 BUDGET REVENUES & EXPENSES Support Ministries Operations & Administration Facilities Total Support Expenses
638,723 425,769 1,064,492
Kingdom Builders Kingdom Builders Undesignated Kingdom Builders Designated Future Christian Leaders Initiatives One Hope
375,000 120,000 99,868 42,000
Total Kingdom Builders Expenses
636,868
Building Mortgage Interest & Principal Internally Designated Fund
294,400 44,801
Total Building
339,201
Capital Expenditures (Operations)
335,000
Total Expenses Revenues Over (Under) Expenses
4,435,057 16,460
OUR MISSION Helping people find their way back to God CAMPUSES
CONTACT US
Brampton 7585 Financial Drive (inside École Jeunes Sans Frontières) Brampton, ON L6Y 5P4
905.826.9612 info@porticocanada.ca porticocanada.ca
Milton 45 Bruce Street (inside Milton Christian School) Milton, ON L9T 2L5 Mississauga 1814 Barbertown Road Mississauga, ON L5M 2M5
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