October 2015 Financials Balance Sheet: There was an increase of about $4K. The following is the breakdown by area: Monthly Operations -$2.9K (explained below) Moms Morning Off $1.2K (explained below) Other (mostly Funds) $5.4K Significant activity from funds were as follows; Copier Fund (-$936), Building Fund ($1.5K), Columbarium Fund ($4K), Endowment Fund (+$.5K), and the Rector Discretionary Fund ($.5K). Monthly Operations: Income for the month was under budget by $1.3K and expenses over budget by $2K making the net for the month a negative $2.9K. Lower October pledge income versus budget was the key to lower income for the month. The over budget expense(s) for the month were in outreach for the Jeanie Miley Seminar ($1.6K) and a Reverend Discretionary Expense ($1K). On a YTD basis, income is over budget by $.9K and expenses are over budget by $4.6K. As of the end of October, income is greater than expenses. MMO: MMO had a surplus for the month of $1.2K. It’s another positive month for MMO. Enrollment is higher than was used to budget and will continue at that rate for the rest of the year. On a YTD basis, MMO is a positive $.6.7K. Fall enrollment is at 34 children with 10 teachers, this means everything is running at close to full capacity.
St Barnabas Financials as of October 31, 2015 Oct 15 Monthl $ +/- Budget Actuals y Budget Income 34,776 36,063 -1,287
Jan-Oct Actuals
YTD Budget
$ +/Budget
Annual Budget
361,526
360,630
896
432,750
Expenses: Staff Operating Ministry Apportionment Total Expenses
21,301 6,352 4,700 5,292 37,645
20,675 6,319 3,385 5,292 35,671
626 33 1,315 0 1,974
211,360 65,530 31,509 52,920 361,319
206,750 63,190 33,850 52,920 356,710
4,610 2,340 -2,341 0 4,609
248,105 75,825 40,600 63,504 428,034
Net Income
-2,869
392
-3,261
207
3,920
-3,713
4,716