May 2015 Financials Balance Sheet: There was a decrease of about $3K. The largest decrease for the month ($3K) was the building fund to pay for major plumbing and audio repairs. The other large decrease was ($2.5K) for new plants and trees and other campus landscaping improvements, especially in the back area. There was a $1K donation to the Dugat MMO Scholarship fund. Activity from other funds were as follows; Copier Fund ($880), Daughter of the Kings Fund (-$462), Encouragers Fund (-$515). Monthly Operations: There was a $6K positive result this month. This was due to income being over budget by $4K and expenses being under budget by $2K.  Income was higher than budgeted in pledge income and rental income.  Payroll was under budget due to no pension this month; remember last month the whole quarter was paid for. There are non-budgeted expenses of $2K for web programming for the new web site. There is now an overage of $2K on a YTD basis. MMO: MMO had a small overage of $300 for the month. . There is a YTD surplus of $6.6K. Enrollment is still running at a high level. Enrollment is at 35 children on Mondays and 33 on Wednesdays). Next month we expect a larger negative because in June there will be minimal income, but we will still be paying the payroll for Camp Barnabas. St Barnabas Financials as of May 31, 2015 May 15 Monthly $ +/- Jan-May YTD $ +/Actuals Budget Budget Actuals Budget Budget
Annual Budget
Income 40,408
36,063
4,345
189,166 180,315 8,851
432,750
Expenses: Staff 17,637 Operating 8,520 Ministry 3,088 Apportionment 5,292 Total Expenses 34,537
20,675 6,319 3,385 5,292 35,671
-3,038 110,078 103,375 6,703 2,201 33,555 31,595 1,960 -297 17,069 16,925 144 0 26,460 26,460 0 -1,134 187,162 178,355 8,807
248,105 75,825 40,600 63,504 428,034
Net Income
5,871
392
5,479
2,004
1,960
44
4,716