May 2016 Financials Balance Sheet: There was a decrease of $10,532. The following is the breakdown by area: Monthly Operations -$1,575 (explained below) Moms Morning Off +$554 (explained below) Prepaid Pledges $2,440 Funds -$6,866 o Office relocation and Maintenance (-$2,269) o Outreach Donations, (-$5,083) Significant activity from other funds were as follows; Columbarium (+$1,076), Dugat MMO Scholarship ($256), Endowment (+$659), Rector Discretionary (-$887) Monthly Operations: Overall there was a deficit of $1,575 versus a budgeted deficit of $1,063. Close enough for the month to call it good. However, income was higher than budgeted by $2,975, while expenses were over budget by $3,488. The higher than budgeted expenses were primarily driven by an annual payment of the medical spending account for the assistant priest. The YTD balance is still positive $11,213 versus a budgeted -$5,315. Things are still looking good. MMO: MMO had a small surplus of $554. In June expenses will be incurred with no income so the expectation will be a deficit for the month. Enrollment is at 40 children with 10 teachers, this means everything is running at full+ capacity. The YTD balance is a positive $8,305. St Barnabas Financials as of May 31, 2016 May 16 Monthly $ +/Actuals Budget Budget
Jan-May Actuals
YTD Budget
$ +/Budget
Annual Budget
Income Expenses: Staff Operating Ministry Apportionment
43,205
40,230
2,975
213,952
201,150
12,802
482,750
30,415 5,101 3,884 5,381
26,685 6,449 2,778 5,381
3,730 30,691 1,106 0
130,566 30,691 14,575 26,905
133,425 32,245 13,890 26,905
-2,859 -1,554 685 0
320,199 77,400 33,350 64,572
Total Expenses Net Income
44,781 -1,576
41,293 -1,063
3,488 -513
202,737 11,215
206,465 -5,315
-3,728 16,530
495,521 -12,771