April 2016 Financials Balance Sheet: There was a decrease of about $24,057. The following is the breakdown by area: Monthly Operations -$5,434 (explained below) Moms Morning Off +$925 (explained below) Funds -$15,574 o Initial payment for Columbarium expansion ($10,839) o Property Repairs and Maintenance ($3,327) o Outreach ($2,0780 Prepaid Pledges $2,440 Significant activity from funds were as follows; Dugat MMO Scholarship ($592), Endowment ($1,081) Monthly Operations: Overall there was a deficit of $5,434 versus a budgeted deficit of $1,063. The deficit was driven primarily by lower than budgeted income by $6,123. Expenses were under budget, but only because there were no assistant priest expenses. Next month the expectation is that expenses will be over budget due to a full month of expenses for the new assistant priest. The YTD balance is still positive $12,789 versus a budgeted -$4,252. Things are still looking good. MMO: MMO had a small surplus of $925. There will a one month of double directors salary in June with Sue retiring and Deanne replacing her. Enrollment is at 40 children with 10 teachers, this means everything is running at full+ capacity. The YTD balance is a positive $7,751. St Barnabas Financials as of April 30, 2016 Apr 16 Actuals Income
34,107
Monthl y Budget 40,230
$ +/Budget
Jan-Apr Actuals
YTD Budget
$ +/Budget
Expenses: Staff
27,088
26,685
403
-6,123
170,74 6
160,92 0
9,826
482,750
100,15 1 25,590 10,691 21,524
106,74 0 25,796 11,112 21,524
-6,589
320,199
-206 -421 0
77,400 33,350 64,572
157,95 6 12,790
165,17 2 -4,252
-7,216
495,521
17,042
-12,771
Operating Ministry Apportionmen t Total Expenses
4,879 2,192 5,381
6,449 2,778 5,381
-1,570 -586 0
39,540
41,293
-1,753
Net Income
-5,433
-1,063
-4,370
Annual Budget