February 2016 Financials Balance Sheet: There was an increase of about $7K. The following is the breakdown by area: Monthly Operations +$13.4K (explained below) Moms Morning Off -$2.0K (explained below) Funds -$3.8K o $3.7K of the decrease was due to spending on office changes required for our new assistant priest. Prepaid Pledges -$2.4K Significant activity from funds were as follows; none Monthly Operations: Income was higher than normal again due to a large full year pledge payment (+$7.1K). Expenses were under budget by $7.3K. Most of the under budget was in personnel. Same explanation as last month(We compute our monthly budget numbers by taking our annual budget and dividing by 12. This is simple, but when we have a situation like our new assistant who won’t start until May it will seems we are under budget in Jan-Apr and a little over budget the remaining months.) The YTD balance is a +$26.2K. MMO: MMO had a deficit of $2.0K for the month. Tuition income for was a little lower because March school days are lower because of spring break. Expenses were a little higher ($.7K). Enrollment is at 34 children with 10 teachers, this means everything is running at full capacity. The YTD balance is a positive $6.5K. St Barnabas Financials as of February 29, 2016 Feb 16 Actuals Income
47,370
Monthl y Budget 40,230
$ +/Budget
Jan-Feb Actuals
YTD Budget
$ +/Budget
Annual Budget
7,140
97,786
80,460
17,326
482,750
Expenses: Staff
21,467
26,685
-5,218
42,754
53,370
10,616 -1,414 1,051 0
320,199
10,979 28,305
495,521
Operating Ministry Apportionmen t Total Expenses
4,750 2,389 5,381
6,449 2,778 5,381
-1,699 -389 0
11,484 6,607 10,762
12,898 5,556 10,762
33,987
41,293
-7,306
71,607
82,586
Net Income
13,383
-1,063
14,446
26,179
-2,126
77,400 33,350 64,572
-12,771