June 2016 Financials Balance Sheet: There was a decrease of $22,641. The following is the breakdown by area: Monthly Operations -$4,912 (explained below) Moms Morning Off -$5,704 (explained below) Prepaid Pledges $2,440 Funds -$9,272 o Building Fund: Sanctuary Balcony Reinforcement Improvements (-$8,507) Significant activity from other funds were as follows; Columbarium (-$428), Outreach (+$419), Endowment (-$487), Rector Discretionary (-$548) Monthly Operations: Overall there was a deficit of $4,912 versus a budgeted deficit of $1,063. The deficit is driven by a few non budgeted expenses for the month. Vacation Bible School spent $1,500, EFM training for $630, grounds maintenance for $920. Income was also lower than budgeted by $551. At the mid-year point we are still in very solid financial position. The YTD balance is still positive $6,301 versus a budgeted -$6,378. MMO: MMO had a deficit of $5,704. There was a little income against all expenses for the last month of programs. When the program starts up again in September there will be collection of tuition in August before expenses occurring in September. Enrollment is at 40 children with 10 teachers, this means everything is running at full+ capacity. The YTD balance is a positive $2,600. St Barnabas Financials as of June 30, 2016 Jun 16 Monthly $ +/Actuals Budget Budget
Jan-Jun Actuals
YTD Budget
$ +/Budget
Annual Budget
Income Expenses: Staff Operating Ministry Apportionment
39,679
40,230
-551
253,632
241,380
12,252
482,750
25,137 8,348 5,725 5,381
26,685 6,449 2,778 5,381
-1,548 1,899 2,947 0
155,703 39,040 20,300 32,286
160,110 38,694 16,668 32,286
-4,407 346 3,632 0
320,199 77,400 33,350 64,572
Total Expenses Net Income
44,591 -4,912
41,293 -1,063
3,298 -3,849
247,329 6,303
247,758 -6,378
-429 12,681
495,521 -12,771