December 2014 – Financial Report

               2014 Budgeted Expenses
December 1 to December 31, 2014
December December YTD YTD YTD
ITEM Annual Approved Budget Amounts 2013 Historical Actual Income 2013 Historical 2014 Income 2014 Balance
INCOME *
GENERAL FUND 25,317.93 20,225.45 218,932.90 200,036.90
BUILDING FUND 12,238.43 5,565.00 60,884.43 41,383.00
DESIGNATED FUND 13,752.75 1,898.50 34,686.50 17,110.25
FAITH NEIGHBORHOOD CENTER 1,775.00 3,900.00 8,443.98 27,117.19
ALTAR FLOWERS 155.00 180.00 1,460.00 1,335.00
TOTAL 53,239.11 31,768.95 324,407.81 286,982.34
EXPENSES ** 2013 Expenses December Expenses 2013 YTD Expenses 2014 YTD Expenses 2014 YTD Balance
SERVICE MINISTRIES
     Synod Mission Share 13,200.00 1,000.00 0.00 12,075.00 9,200.00 4,000.00
TOTAL 13,200.00 1,000.00 0.00 12,075.00 9,200.00 4,000.00
WORSHIP & MUSIC
     Supplies 1,450.00 61.50 3,105.45 994.92 455.08
     Florist 500.00 120.00 120.00 1,847.00 1,050.00 -670.00
     Choir Music 1,500.00 0.00 429.36 0.00 1,500.00
     Instruments (Piano Tuning) 550.00 210.00 0.00 210.00 0.00 550.00
     Special Worship (Christian Seder) 0.00 0.00 0.00 239.97 0.00 0.00
     Fellowship 1,000.00 19.00 701.80 1,089.11 -89.11
     Publicity 5,000.00 59.95 0.00 1,607.37 1,422.97 5,000.00
   Stewardship Emphasis 100.00 0.00 129.54 0.00 129.54 -29.54
   Music License 1,050.00 0.00 0.00 0.00 675.00 1,050.00
TOTAL 11,150.00 470.45 249.54 8,140.95 5,361.54 5,788.46
EDUCATION/YOUTH & FAMILY
     Youth & Family Ministry 600.00 0.00 0.00 300.89 0.00 600.00
     Sunday School 600.00 0.00 0.00 309.68 0.00 600.00
     Vacation Bible School 700.00 0.00 0.00 0.00 0.00 700.00
     Conference & Retreats 2,000.00 0.00 0.00 265.00 0.00 2,000.00
     Confirmation 1,200.00 0.00 0.00 350.79 202.68 997.32
New Member Supplies 300.00 0.00 0.00 0.00 0.00 300.00
TOTAL 5,400.00 0.00 0.00 1,226.36 202.68 5,197.32
ADMINISTRATION
     Office Supplies 3,000.00 107.55 117.98 1,498.70 1,336.23 1,663.77
     Postage 800.00 0.00 50.30 508.83 259.68 540.32
     Banking, Filing, Membership Fees 325.00 220.00 36.80 1,827.37 535.10 -210.10
     Copier 2,500.00 41.50 200.27 3,261.00 3,175.70 -675.70
     Computer Licenses 200.00 306.13 0.00 0.00 375.46 -175.46
Software Upgrades & Maintenance 1,000.00 0.00 0.00 0.00 0.00 1,000.00
     Payroll Processing Fee 0.00 8.70 0.00 197.75 0.00 0.00
     Subscription 500.00 0.00 5.01 260.85 512.22 -12.22
TOTAL 8,325.00 683.88 410.36 7,554.50 6,194.39 2,130.61
PROPERTY
     Utilities 25,000.00 704.19 23,267.39 3,329.55
       Dumpster 0.00 1,131.08
       Electric 1,121.71 13,717.39
       Phone, Fax, Internet 301.78 3,626.81
       Water 231.52 3,195.17
     Custodial Supplies 2,000.00 0.00 268.00 282.63 1,717.37
     Building Equipment & Repairs 15,000.00 17.71 0.00 2,995.72 1,862.64 13,137.36
     Lawn Maintenance 6,000.00 500.00 500.00 6,000.00 5,500.00 500.00
     Building & Grounds 8,000.00 6,939.81 9,047.21 2,230.47 5,769.53
     IT – Infrastructure 0.00 0.00 0.00 0.00 0.00 0.00
     Insurance 7,500.00 0.00 0.00 8,291.56 6,625.82 874.18
     County Taxes (Fire & Other) 1,500.00 0.00 178.12 1,365.12 178.12 1,321.88
   Playground Refurbishment 4,000.00 0.00 0.00 71.20 0.00 4,000.00
     Defibrillator Maintenance 200.00 0.00 0.00 0.00 0.00 200.00
     Monthly Mortgage 33,000.00 2,721.33 2,721.33 35,421.29 24,464.97 8,535.03
     Memorial Garden 1,000.00 0.00 0.00 0.00 0.00 1,000.00
TOTAL 103,200.00 10,883.04 5,054.46 86,727.49 62,815.10 40,384.90
PERSONNEL
STAFF
     Organist 3,100.00 1,125.00 0.00 7,350.00 2,250.00 850.00
     Secretary 20,020.00 2,272.72 0.00 18,338.98 8,034.33 11,985.67
     Bookeeper (contract) 4,000.00 240.00 249.00 2,970.00 3,069.00 931.00
     Custodian 11,340.00 830.76 830.76 10,799.88 10,384.62 955.38
     Choir Director (Music Director) 15,000.00 750.00 1,200.00 3,897.00 12,225.00 2,775.00
     Supply Pastor (Associate Pastor) 3,000.00 0.00 300.00 980.00 1,125.00 1,875.00
     Coordinator 25,190.00 0.00 1,200.00 0.00 8,400.00 16,790.00
     Supply Organist 1,400.00 0.00 0.00 0.00 150.00 0.00
     Workman’s Compensation 1,000.00 37.01 0.00 683.94 181.39 818.61
     Taxes – Employer Contribution 160.00 349.27 247.16 4,300.84 2,814.30 0.00
TOTAL 84,210.00 5,604.76 4,026.92 49,320.64 48,633.64 36,980.66
PASTOR’S SALARY AND BENEFITS
     Salary 31,800.00 2,446.16 2,752.00 31,800.08 34,246.72 -2,446.72
     Housing Allowance 25,000.00 1,923.08 1,923.08 25,000.04 25,000.04 -0.04
     Pension/Insurance 18,000.00 1,136.27 1,122.31 13,849.17 13,512.07 4,487.93
     Car Allowance 1,500.00 109.37 158.14 726.91 1,051.24 448.76
     Cell Phone 600.00 50.00 50.00 600.00 600.00 0.00
     Professional Allow $50/mo cumulative 1,127.00 0.00 371.41 811.83 671.41 578.26
   Synod Assembly/Conf of Ministry 1,200.00 0.00 335.44 486.04 335.44 864.56
TOTAL 79,227.00 5,664.88 6,712.38 73,274.07 75,416.92 3,932.75
CONTINGENCY 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL OPERATING EXPENSES 304,712.00 24,307.01 16,453.66 238,319.01 207,824.27 98,414.70
* Income is based on historically collected contributions
     Variations are due to time of tithing receipts
** Monthly budgeted expenses are based on 1/12th of annual budgeted amount

 

DESIGNATED SUMMARY SHEET FOR ALL ACCOUNTS
December 2014
November Income Pass-Thru Expenses Balance
General Fund 6,916.38 31,768.95 7,463.50 18,553.66 12,668.17
Building Fund 35,375.33 5,565.00 12,000.00 28,940.33
Designated Funds 51,145.74 1,898.50 447.51 52,596.73
Carry Forward Balance Payment Balance as of November 2014
Mortgage 439,756.62 14,721.33 426,501.15
Designated Funds Carry Forward Income Expenses Balance
Africa Dresses Project 197.49 197.49
Choice (Thrivent) 1,097.80 251.00 1,348.80
Confirmation Awards 0.00 0.00
Easter Lillies\Poinsettias 390.00 390.00
Faith Neighborhood Center 0.00 400.00 400.00
Faith Neigh Building Fund 2,100.00 3,500.00 2,100.00 3,500.00
Good Shepherd Fund 3,944.35 3,944.35
IT Equipment/Software 100.00 100.00
Ladies Evening Circle 872.19 872.19
Major Building Repairs 27,060.05 27,060.05
Me Doll 574.36 300.00 874.36
Memorial Fund 4,540.94 4,540.94
Missions 303.35 647.50 950.85
Music 371.79 371.79
New Pastor Call Fund 11,565.91 11,565.91
Partitions 10.00 10.00
Scholarship Holding Fund 120.00 120.00
Staff Gifts 0.00 0.00
Souper Bowl 0.00 0.00
Vacation Bible School 571.68 447.51 124.17
Virginia Circle 1,945.88 700.00 2,645.88
Youth Group 1,487.67 1,487.67

 

Scholarship Fund   $25,000 Investment Fund   $50,000 $50,000
Raymond James Cost Basis Change Value Cost Basis Change Value
Freedom Account ( 49843198)
Transferred into Edward Jones   Initial Investment of $75,000
Funds
Money Market $631.55 -158.43 $473.12 $1,667.49 -143.39 $1,524.10
Champlain Mid Cap (CIPMX) $1,456.94 152.56 $1,609.50 $3,389.83 295.97 $3,685.80
American Mutual Fd (AMRFX) $2,099.36 392.42 $2,491.78 $4,877.16 902.14 $5,779.30
Artisan Intl (ARTIX) $1,278.02 160.61 $1,438.63 $2,978.95 371.54 $3,350.49
Dodge & Cox Inc Fd (DODIX) $1,682.18 73.33 $1,755.51 $3,939.24 1030.70 $4,969.94
Europacific Gr Fd (AEGFX) $1,918.27 167.88 $2,086.15 $4,494.23 489.23 $4,983.46
John Hancock Dis ValMid (JVMAX) $1,396.44 192.65 $1,589.09 $3,298.74 455.09 $3,753.83
JPMorgan US Large Cap (JLPSX) $2,672.82 444.81 $3,117.63 $6,185.61 848.66 $7,034.27
JP Morgan Core Bond (PGBOX) $1,725.68 40.49 $1,766.17 $4,028.45 95.39 $4,123.84
Clearbridge Equitye (SOPAX) $1,578.31 311.00 $1,889.31 $3,679.96 720.58 $4,400.54
Loomis Sayles Gr Fd (LSGRX) $1,994.75 556.34 $2,551.09 $4,653.98 1185.39 $5,839.37
MFS Research Fund (MFRFX) $2,589.39 461.29 $3,050.68 $6,008.06 967.41 $6,975.47
Neuberger Berman Hi Inc (NHIAX) $1,716.26 40.84 $1,757.10 $4,006.76 139.25 $4,146.01
PIMCO Unconstrained Bd Fd (PUCPX) $1,380.48 11.34 $1,391.82 $3,237.20 8.09 $3,245.29
PIMCO Total Return (PTTPX) $1,711.97 -325.91 $1,386.06 $4,006.35 -752.87 $3,253.48
Trowe Price Sm Cap (PASVX) $1,845.61 108.39 $1,954.00 $4,251.93 -565.37 $3,686.56
Templeton Global Bd (TGBAX) $1,398.60 43.99 $1,442.59 $3,181.59 99.76 $3,281.35
Virtus Emerg Mkt Opp (HIEMX) $1,003.61 372.29 $1,375.90 $2,342.80 947.13 $3,289.93
Wells Fargo Adv Intl (WFVDX) $1,258.30 40.76 $1,299.06 $2,940.42 170.08 $3,110.50
AQR Div Arbit Fd (ADANX) $1,755.25 -112.40 $1,642.85 $4,127.02 -276.88 $3,850.14
Total $33,093.79 $2,974.25 $36,068.04 $77,295.77 $6,987.90 $84,283.67

November 2014 – Financial Report

               2014 Budgeted Expenses
November 1 to November 30, 2014
November November YTD YTD YTD
ITEM 2013 Historical Actual Income 2013 Historical 2014 Income 2014 Balance
INCOME *
GENERAL FUND 13,764.99 15,896.00 194,005.00 180,589.40
BUILDING FUND 1,821.00 3,542.00 48,646.00 35,818.00
DESIGNATED FUND 1,445.00 1,278.25 20,533.75 15,462.75
FAITH NEIGHBORHOOD CENTER 100.00 2,100.00 6,668.98 23,217.19
ALTAR FLOWERS 110.00 190.00 1,305.00 1,155.00
TOTAL 17,240.99 23,006.25 271,158.73 256,242.34
EXPENSES ** 2013 Expenses November Expenses 2013 YTD Expenses 2014 YTD Expenses 2014 YTD Balance
SERVICE MINISTRIES
     Synod Mission Share 1,000.00 200.00 11,075.00 9,200.00 4,000.00
TOTAL 1,000.00 200.00 11,075.00 9,200.00 4,000.00
WORSHIP & MUSIC
     Supplies 539.03 337.17 3,043.95 924.70 525.30
     Florist 150.00 150.00 1,727.00 930.00 -580.00
     Choir Music 0.00 0.00 429.36 0.00 1,500.00
     Instruments (Piano Tuning) 210.00 0.00 210.00 0.00 550.00
     Special Worship (Christian Seder) 0.00 0.00 239.97 0.00 0.00
     Fellowship 0.00 208.88 682.80 1,089.11 -89.11
     Publicity 59.95 0.00 1,607.37 1,422.97 5,000.00
   Stewardship Emphasis 0.00 0.00 0.00 0.00 100.00
   Music License 0.00 0.00 0.00 675.00 1,050.00
TOTAL 958.98 487.17 7,940.45 5,041.78 6,108.22
EDUCATION/YOUTH & FAMILY
     Youth & Family Ministry 0.00 0.00 300.89 0.00 600.00
     Sunday School 0.00 0.00 309.68 0.00 600.00
     Vacation Bible School 0.00 0.00 0.00 0.00 700.00
     Conference & Retreats 0.00 0.00 265.00 0.00 2,000.00
     Confirmation 0.00 0.00 350.79 202.68 997.32
New Member Supplies 0.00 0.00 0.00 0.00 300.00
TOTAL 0.00 0.00 1,226.36 202.68 5,197.32
ADMINISTRATION
     Office Supplies 95.96 10.27 1,391.17 1,218.25 1,781.75
     Postage 93.75 0.00 508.83 209.38 590.62
     Banking, Filing, Membership Fees 51.25 50.40 480.43 498.30 -173.30
     Copier 272.44 210.27 2,954.87 2,975.43 -475.43
     Computer Licenses 0.00 0.00 0.00 375.46 -175.46
Software Upgrades & Maintenance 0.00 0.00 0.00 0.00 1,000.00
     Payroll Processing Fee 8.70 0.00 189.05 0.00 0.00
     Subscription 0.00 0.00 260.85 507.21 -7.21
TOTAL 522.10 270.94 5,785.20 5,784.03 2,540.97
PROPERTY
     Utilities 2,913.35 22,563.20 4,984.56
       Dumpster 187.68 1,131.08
       Electric 1,250.35 12,595.68
       Phone, Fax, Internet 301.78 3,325.03
       Water 257.95 2,963.65
     Custodial Supplies 0.00 115.90 268.00 282.63 1,717.37
     Building Equipment & Repairs 0.00 0.00 2,978.01 1,862.64 13,137.36
     Lawn Maintenance 500.00 500.00 5,500.00 5,000.00 1,000.00
     Building & Grounds 877.95 192.00 2,107.40 2,230.47 5,769.53
     IT – Infrastructure 0.00 0.00 0.00 0.00 0.00
     Insurance 2,069.69 0.00 8,291.56 6,625.82 874.18
     County Taxes (Fire & Other) 1,365.12 0.00 1,365.12 0.00 1,500.00
   Playground Refurbishment 0.00 0.00 71.20 0.00 4,000.00
     Defibrillator Maintenance 0.00 0.00 0.00 0.00 200.00
     Monthly Mortgage 5,462.66 0.00 32,699.96 21,743.64 11,256.36
     Memorial Garden 0.00 0.00 0.00 0.00 1,000.00
TOTAL 13,188.77 2,805.66 75,844.45 57,760.64 45,439.36
PERSONNEL
STAFF
     Organist 1,200.00 0.00 6,225.00 2,250.00 850.00
     Secretary 1,288.56 0.00 15,056.22 8,034.33 11,985.67
     Bookeeper (contract) 234.00 246.00 2,730.00 2,820.00 1,180.00
     Custodian 830.76 830.76 9,969.12 9,553.86 1,786.14
     Choir Director (Music Director) 600.00 1,200.00 3,147.00 11,025.00 3,975.00
     Supply Pastor (Associate Pastor) 0.00 75.00 980.00 825.00 2,175.00
     Coordinator 0.00 1,200.00 0.00 7,200.00 17,990.00
     Supply Organist 0.00 0.00 0.00 150.00 0.00
     Workman’s Compensation 0.00 0.00 646.93 181.39 818.61
     Taxes – Employer Contribution 368.03 247.16 3,951.57 2,567.14 0.00
TOTAL 4,521.35 3,798.92 42,705.84 44,606.72 40,760.42
PASTOR’S SALARY AND BENEFITS
     Salary 2,446.16 2,752.00 29,353.92 31,494.72 305.28
     Housing Allowance 1,923.08 1,923.08 23,076.96 23,076.96 1,923.04
     Pension/Insurance 1,136.27 1,122.31 12,713.00 12,389.76 5,610.24
     Car Allowance 0.00 138.08 617.54 893.10 606.90
     Cell Phone 50.00 50.00 550.00 550.00 50.00
     Professional Allow $50/mo cumulative 0.00 0.00 811.83 300.00 578.26
   Synod Assembly/Conf of Ministry 0.00 0.00 486.04 0.00 1,200.00
TOTAL 5,555.51 5,985.47 67,609.29 68,704.54 10,273.72
CONTINGENCY 0.00 0.00 0.00 0.00 0.00
TOTAL OPERATING EXPENSES 25,746.71 13,548.16 212,186.59 191,300.39 114,320.01
* Income is based on historically collected contributions
     Variations are due to time of tithing receipts
** Monthly budgeted expenses are based on 1/12th of annual budgeted amount

 

DESIGNATED SUMMARY SHEET FOR ALL ACCOUNTS
November 2014
October Income Pass-Thru Expenses Balance
General Fund 9,388.79 15,896.00 4,820.25 13,548.16 6,916.38
Building Fund 26,390.67 3,542.00 5,442.66 24,490.01
Designated Funds 50,586.69 1,278.25 719.20 51,145.74
Carry Forward Balance Payment Balance as of November 2014
Mortgage 439,756.62 0.00 439,756.62
Designated Funds Carry Forward Income Expenses Balance
Africa Dresses Project 197.49 197.49
Choice (Thrivent) 1,033.80 64.00 1,097.80
Confirmation Awards 0.00 0.00
Easter Lillies\Poinsettias 0.00 390.00 390.00
Faith Neighborhood Center 20.00 20.00 0.00
Faith Neigh Building Fund 0.00 2,100.00 2,100.00
Good Shepherd Fund 3,944.35 3,944.35
IT Equipment/Software 100.00 100.00
Ladies Evening Circle 872.19 872.19
Major Building Repairs 28,250.00 1,189.95 27,060.05
Me Doll 574.36 574.36
Memorial Fund 3,980.94 560.00 4,540.94
Missions 500.00 3.35 200.00 303.35
Music 371.79 371.79
New Pastor Call Fund 11,565.91 11,565.91
Partitions 10.00 10.00
Scholarship Holding Fund 120.00 120.00
Staff Gifts 0.00 0.00
Souper Bowl 0.00 0.00
Vacation Bible School 571.68 571.68
Virginia Circle 1,936.68 435.90 426.70 1,945.88
Youth Group 1,385.67 102.00 1,487.67

 

Scholarship Fund   $25,000 Investment Fund   $50,000 $50,000
Raymond James Cost Basis Change Value Cost Basis Change Value
Freedom Account ( 49843198)
Transferred into Edward Jones   Initial Investment of $75,000
Funds
Money Market $631.55 -163.30 $468.25 $1,667.49 -154.65 $1,512.84
Champlain Mid Cap (CIPMX) $1,456.94 118.21 $1,575.15 $3,389.83 217.31 $3,607.14
American Mutual Fd (AMRFX) $2,099.36 327.02 $2,426.38 $4,877.16 750.44 $5,627.60
Artisan Intl (ARTIX) $1,278.02 110.47 $1,388.49 $2,978.95 254.81 $3,233.76
Dodge & Cox Inc Fd (DODIX) $1,682.18 64.53 $1,746.71 $3,939.24 1005.78 $4,945.02
Europacific Gr Fd (AEGFX) $1,918.27 126.55 $2,044.82 $4,494.23 390.51 $4,884.74
John Hancock Dis ValMid (JVMAX) $1,396.44 158.14 $1,554.58 $3,298.74 373.57 $3,672.31
JPMorgan US Large Cap (JLPSX) $2,672.82 378.59 $3,051.41 $6,185.61 699.23 $6,884.84
JP Morgan Core Bond (PGBOX) $1,725.68 29.71 $1,755.39 $4,028.45 70.22 $4,098.67
Clearbridge Equitye (SOPAX) $1,578.31 267.30 $1,845.61 $3,679.96 618.80 $4,298.76
Loomis Sayles Gr Fd (LSGRX) $1,994.75 449.35 $2,444.10 $4,653.98 940.50 $5,594.48
MFS Research Fund (MFRFX) $2,589.39 383.02 $2,972.41 $6,008.06 788.47 $6,796.53
Neuberger Berman Hi Inc (NHIAX) $1,716.26 29.97 $1,746.23 $4,006.76 113.60 $4,120.36
PIMCO Unconstrained Bd Fd (PUCPX) $1,380.48 25.18 $1,405.66 $3,237.20 40.32 $3,277.52
PIMCO Total Return (PTTPX) $1,711.97 -324.64 $1,387.33 $4,006.35 -749.89 $3,256.46
Trowe Price Sm Cap (PASVX) $1,845.61 128.39 $1,974.00 $4,251.93 -527.63 $3,724.30
Templeton Global Bd (TGBAX) $1,398.60 51.34 $1,449.94 $3,181.59 116.50 $3,298.09
Virtus Emerg Mkt Opp (HIEMX) $1,003.61 368.38 $1,371.99 $2,342.80 937.77 $3,280.57
Wells Fargo Adv Intl (WFVDX) $1,258.30 47.10 $1,305.40 $2,940.42 185.27 $3,125.69
AQR Div Arbit Fd (ADANX) $1,755.25 -101.35 $1,653.90 $4,127.02 -250.99 $3,876.03
Total $33,093.79 $2,473.96 $35,567.75 $77,295.77 $5,819.94 $83,115.71

 

October 2014 – Financial Report

               2014 Budgeted Expenses
October-14
October October YTD YTD YTD
ITEM 2013 Historical Actual Income 2013 Historical 2014 Income 2014 Balance
INCOME *
GENERAL FUND 14,400.81 16,645.95 180,250.00 168,552.47
BUILDING FUND 4,204.00 3,691.00 46,825.00 32,276.00
DESIGNATED FUND 1,360.00 1,146.50 19,088.75 14,891.04
FAITH NEIGHBORHOOD CENTER 720.00 1,300.00 6,568.98 21,117.19
ALTAR FLOWERS 30.00 80.00 1,195.00 965.00
TOTAL 20,714.81 22,863.45 253,927.73 237,801.70
EXPENSES ** 2013 Expenses October Expenses 2013 YTD Expenses 2014 YTD Expenses 2014 YTD Balance
SERVICE MINISTRIES
     Synod Mission Share 1,000.00 0.00 10,075.00 9,000.00 4,200.00
TOTAL 1,000.00 0.00 10,075.00 9,000.00 4,200.00
WORSHIP & MUSIC
     Supplies 350.37 29.00 2,504.92 587.53 862.47
     Florist 120.00 120.00 1,577.00 1,080.00 -700.00
     Choir Music 15.00 0.00 429.36 0.00 1,500.00
     Instruments (Piano Tuning) 0.00 0.00 0.00 0.00 550.00
     Special Worship (Christian Seder) 0.00 0.00 239.97 0.00 0.00
     Fellowship 82.29 123.73 682.80 880.23 119.77
     Publicity 0.00 431.97 1,547.42 1,422.97 4,568.03
   Stewardship Emphasis 0.00 0.00 0.00 0.00 100.00
   Music License 0.00 0.00 0.00 675.00 1,050.00
TOTAL 567.66 149.00 6,981.47 4,645.73 6,504.27
EDUCATION/YOUTH & FAMILY
     Youth & Family Ministry 0.00 0.00 300.89 0.00 600.00
     Sunday School 68.55 0.00 309.68 0.00 600.00
     Vacation Bible School 0.00 0.00 0.00 0.00 700.00
     Conference & Retreats 0.00 0.00 265.00 0.00 2,000.00
     Confirmation 0.00 0.00 350.79 202.68 997.32
New Member Supplies 0.00 0.00 0.00 0.00 300.00
TOTAL 68.55 0.00 1,226.36 202.68 5,197.32
ADMINISTRATION
     Office Supplies 246.73 189.95 1,295.21 1,207.98 1,792.02
     Postage 30.80 60.08 415.08 209.38 590.62
     Banking, Filing, Membership Fees 5.40 14.80 429.18 447.90 -122.90
     Copier 265.97 200.27 2,682.43 2,765.16 -265.16
     Computer Licenses 0.00 0.00 0.00 375.46 -175.46
Software Upgrades & Maintenance 0.00 0.00 0.00 0.00 1,000.00
     Payroll Processing Fee 8.70 0.00 180.35 0.00 0.00
     Subscription 0.00 381.00 260.85 507.21 -7.21
TOTAL 557.60 846.10 5,263.10 5,513.09 2,811.91
PROPERTY
     Utilities 2,822.15 2,038.15 19,649.85 16,471.01 8,528.99
     Custodial Supplies 22.18 0.00 268.00 166.73 1,833.27
     Building Equipment & Repairs 0.00 500.02 2,978.01 1,862.64 13,137.36
     Lawn Maintenance 500.00 500.00 5,000.00 4,500.00 1,500.00
     Building & Grounds 0.00 150.00 1,229.45 2,038.47 5,961.53
     IT – Infrastructure 0.00 0.00 0.00 0.00 0.00
     Insurance 0.00 0.00 6,221.87 6,625.82 874.18
     County Taxes (Fire & Other) 0.00 0.00 0.00 0.00 1,500.00
   Playground Refurbishment 0.00 0.00 71.20 0.00 4,000.00
     Defibrillator Maintenance 0.00 0.00 0.00 0.00 200.00
     Monthly Mortgage 2,731.33 0.00 27,237.30 21,743.64 11,256.36
     Memorial Garden 0.00 0.00 0.00 0.00 1,000.00
TOTAL 6,075.66 3,188.17 62,655.68 53,408.31 49,791.69
PERSONNEL
STAFF
     Organist 0.00 0.00 4,650.00 2,250.00 850.00
     Secretary 1,226.66 0.00 13,767.66 8,034.33 11,985.67
     Bookeeper (contract) 240.00 240.00 2,496.00 2,574.00 1,426.00
     Custodian 701.20 830.76 9,138.36 8,696.10 2,643.90
     Choir Director (Music Director) 600.00 1,200.00 2,547.00 9,825.00 5,175.00
     Supply Pastor (Associate Pastor) 75.00 0.00 980.00 750.00 2,250.00
     Coordinator 0.00 1,200.00 6,000.00 19,190.00
     Supply Organist 0.00 150.00 375.00 150.00 0.00
     Workman’s Compensation 0.00 0.00 646.93 181.39 818.61
     Taxes – Employer Contribution 362.18 247.14 3,583.54 2,319.98 0.00
TOTAL 3,205.04 3,867.90 38,184.49 40,780.80 44,339.18
PASTOR’S SALARY AND BENEFITS
     Salary 2,446.16 2,446.18 26,907.76 28,742.72 3,057.28
     Housing Allowance 1,923.08 1,923.08 21,153.88 21,153.88 3,846.12
     Pension/Insurance 1,136.27 1,136.27 11,576.73 11,267.45 6,732.55
     Car Allowance 219.51 0.00 617.54 755.02 744.98
     Cell Phone 50.00 50.00 500.00 500.00 100.00
     Professional Allow $50/mo cumulative 75.00 0.00 811.83 300.00 578.26
   Synod Assembly/Conf of Ministry 299.90 0.00 486.04 0.00 1,200.00
TOTAL 6,149.92 5,555.53 62,053.78 62,719.07 16,259.19
CONTINGENCY 0.00 0.00 0.00 0.00 0.00
TOTAL OPERATING EXPENSES 17,624.43 13,606.70 186,439.88 176,269.68 129,103.56
* Income is based on historically collected contributions
     Variations are due to time of tithing receipts
** Monthly budgeted expenses are based on 1/12th of annual budgeted amount
 
DESIGNATED SUMMARY SHEET FOR ALL ACCOUNTS
October 2014
September Income Pass-Thru Expenses Balance
General Fund 5,261.40 22,863.45 4,837.50 13,898.56 9,388.79
Building Fund 28,142.33 3,691.00 5,442.66 26,390.67
Designated Funds 50,159.39 1,146.50 719.20 50,586.69
Carry Forward Balance Payment Balance as of October 2014
Mortgage 442,255.07 5,442.66 439,756.62
Designated Funds Carry Forward Income Expenses Balance
Africa Dresses Project 197.49 197.49
Choice (Thrivent) 1,033.80 1,033.80
Confirmation Awards 0.00 0.00
Easter Lillies -176.75 -176.75
Faith Neighborhood Center 100.00 20.00 100.00 20.00
Faith Neigh Building Fund 0.00 1,100.00 0.00 1,100.00
Good Shepherd Fund 3,944.35 3,944.35
IT Equipment/Software 100.00 100.00
Ladies Evening Circle 872.19 872.19
Major Building Repairs 28,250.00 0.00 28,250.00
Me Doll 574.36 574.36
Memorial Fund 3,980.94 560.00 4,540.94
Missions 300.00 471.00 271.00 500.00
Music 751.00 10.00 389.21 371.79
New Pastor Call Fund 11,565.91 11,565.91
Partitions 10.00 10.00
Scholarship Holding Fund 120.00 120.00
Staff Gifts 0.00 0.00
Souper Bowl 0.00 0.00
Vacation Bible School 571.68 571.68
Virginia Circle 1,995.67 58.99 1,936.68
Youth Group 720.17 665.50 1,385.67

 

Scholarship Fund   $25,000 Investment Fund   $50,000 $50,000
Raymond James Cost Basis Change Value Cost Basis Change Value
Freedom Account ( 49843198)
Transferred into Edward Jones   Initial Investment of $75,000
Funds
Money Market $631.55 -84.09 $547.46 $1,667.49 30.73 $1,698.22
Champlain Mid Cap (CIPMX) $1,456.94 62.64 $1,519.58 $3,389.83 90.05 $3,479.88
American Mutual Fd (AMRFX) $2,099.36 244.94 $2,344.30 $4,877.16 560.08 $5,437.24
Artisan Intl (ARTIX) $1,278.02 99.01 $1,377.03 $2,978.95 228.12 $3,207.07
Dodge & Cox Inc Fd (DODIX) $1,682.18 53.21 $1,735.39 $3,939.24 973.74 $4,912.98
Europacific Gr Fd (AEGFX) $1,918.27 119.81 $2,038.08 $4,494.23 374.39 $4,868.62
John Hancock Dis ValMid (JVMAX) $1,396.44 93.83 $1,490.27 $3,298.74 221.64 $3,520.38
JPMorgan US Large Cap (JLPSX) $2,672.82 301.49 $2,974.31 $6,185.61 525.27 $6,710.88
JP Morgan Core Bond (PGBOX) $1,725.68 15.81 $1,741.49 $4,028.45 37.77 $4,066.22
Clearbridge Equitye (SOPAX) $1,578.31 204.78 $1,783.09 $3,679.96 473.17 $4,153.13
Loomis Sayles Gr Fd (LSGRX) $1,994.75 392.29 $2,387.04 $4,653.98 809.89 $5,463.87
MFS Research Fund (MFRFX) $2,589.39 328.84 $2,918.23 $6,008.06 664.58 $6,672.64
Neuberger Berman Hi Inc (NHIAX) $1,716.26 15.49 $1,731.75 $4,006.76 79.48 $4,086.24
PIMCO Unconstrained Bd Fd (PUCPX) $1,380.48 8.66 $1,389.14 $3,237.20 1.83 $3,239.03
PIMCO Total Return (PTTPX) $1,711.97 -323.65 $1,388.32 $4,006.35 -747.55 $3,258.80
Trowe Price Sm Cap (PASVX) $1,845.61 25.59 $1,871.20 $4,251.93 -721.58 $3,530.35
Templeton Global Bd (TGBAX) $1,398.60 43.35 $1,441.95 $3,181.59 98.34 $3,279.93
Virtus Emerg Mkt Opp (HIEMX) $1,003.61 334.44 $1,338.05 $2,342.80 856.61 $3,199.41
Wells Fargo Adv Intl (WFVDX) $1,258.30 67.03 $1,325.33 $2,940.42 232.99 $3,173.41
AQR Div Arbit Fd (ADANX) $1,755.25 -66.63 $1,688.62 $4,127.02 -169.62 $3,957.40
Total $33,093.79 $1,936.84 $35,030.63 $77,295.77 $4,619.93 $81,915.70

September 2014 – Financial Report

               2014 Budgeted Expenses
September September YTD YTD YTD
ITEM 2013 Historical Actual Income 2013 Historical 2014 Income 2014 Balance
INCOME *
GENERAL FUND 14,868.93 11,594.00 165,834.20 147,720.95
BUILDING FUND 3,842.00 1,251.00 42,621.00 28,585.00
DESIGNATED FUND 2,390.00 491.99 17,728.75 13,184.50
FAITH NEIGHBORHOOD CENTER 500.00 10,100.00 5,848.98 19,997.19
ALTAR FLOWERS 80.00 90.00 1,165.00 885.00
TOTAL 21,680.93 23,526.99 233,197.93 210,372.64
EXPENSES ** 2013 Expenses September Expenses 2013 YTD Expenses 2014 YTD Expenses 2014 YTD Balance
SERVICE MINISTRIES
     Synod Mission Share 1,000.00 4,400.00 9,075.00 9,000.00 4,200.00
TOTAL 1,000.00 4,400.00 9,075.00 9,000.00 4,200.00
WORSHIP & MUSIC
     Supplies 719.89 0.00 2,175.07 558.53 891.47
     Florist 150.00 180.00 1,457.00 960.00 -460.00
     Choir Music 0.00 0.00 414.36 0.00 1,500.00
     Instruments (Piano Tuning) 0.00 0.00 0.00 0.00 550.00
     Special Worship (Christian Seder) 0.00 0.00 239.97 0.00 0.00
     Fellowship 0.00 50.00 416.83 756.50 243.50
     Publicity 0.00 0.00 1,547.42 991.00 5,000.00
   Stewardship Emphasis 0.00 0.00 0.00 0.00 100.00
   Music License 0.00 0.00 0.00 675.00 1,050.00
TOTAL 869.89 180.00 6,250.65 3,941.03 7,208.97
EDUCATION/YOUTH & FAMILY
     Youth & Family Ministry 0.00 0.00 300.89 0.00 600.00
     Sunday School 0.00 0.00 241.13 0.00 600.00
     Vacation Bible School 0.00 0.00 0.00 0.00 700.00
     Conference & Retreats 0.00 0.00 265.00 0.00 2,000.00
     Confirmation 0.00 0.00 1,184.78 202.68 997.32
New Member Supplies 0.00 0.00 0.00 0.00 300.00
TOTAL 0.00 0.00 1,991.80 202.68 5,197.32
ADMINISTRATION
     Office Supplies 65.78 0.00 1,048.48 1,018.03 1,981.97
     Postage 47.25 0.00 384.28 149.30 650.70
     Banking, Filing, Membership Fees 5.40 50.40 429.18 433.10 -108.10
     Copier 26.57 269.67 2,416.46 2,564.89 -64.89
     Computer Licenses 0.00 0.00 0.00 375.46 -175.46
Software Upgrades & Maintenance 0.00 0.00 0.00 0.00 1,000.00
     Payroll Processing Fee 8.70 0.00 171.65 0.00 0.00
     Subscription 0.00 5.01 260.85 126.21 373.79
TOTAL 153.70 325.08 4,710.90 4,666.99 3,658.01
PROPERTY
     Utilities 2,451.78 2,164.91 16,827.70 14,432.86 10,567.14
     Custodial Supplies 56.99 0.00 245.82 166.73 1,833.27
     Building Equipment & Repairs 0.00 0.00 2,978.01 1,362.62 13,637.38
     Lawn Maintenance 500.00 500.00 4,500.00 4,000.00 2,000.00
     Building & Grounds 100.00 0.00 1,229.45 1,888.47 6,111.53
     IT – Infrastructure 0.00 0.00 0.00 0.00 0.00
     Insurance 0.00 0.00 6,221.87 6,625.82 874.18
     County Taxes (Fire & Other) 0.00 0.00 0.00 0.00 1,500.00
   Playground Refurbishment 0.00 0.00 71.20 0.00 4,000.00
     Defibrillator Maintenance 0.00 0.00 0.00 0.00 200.00
     Monthly Mortgage 14.00 0.00 24,505.97 21,743.64 11,256.36
     Memorial Garden 0.00 0.00 0.00 0.00 1,000.00
TOTAL 3,122.77 2,664.91 56,580.02 50,220.14 52,979.86
PERSONNEL
STAFF
     Organist 150.00 0.00 4,650.00 2,250.00 850.00
     Secretary 1,457.30 0.00 12,387.06 8,034.33 11,985.67
     Bookeeper (contract) 234.00 252.00 2,256.00 2,334.00 1,666.00
     Custodian 830.76 830.76 8,307.50 7,892.34 3,447.66
     Choir Director (Music Director) 0.00 1,200.00 1,947.00 8,625.00 6,375.00
     Supply Pastor (Associate Pastor) 75.00 0.00 905.00 750.00 2,250.00
     Coordinator 0.00 1,200.00 4,800.00 20,390.00
     Supply Organist 225.00 0.00 375.00 0.00 0.00
     Workman’s Compensation 0.00 0.00 646.93 181.39 818.61
     Taxes – Employer Contribution 510.09 307.18 3,221.36 2,072.84 0.00
TOTAL 3,482.15 3,789.94 34,695.85 36,939.90 47,782.94
PASTOR’S SALARY AND BENEFITS
     Salary 2,446.16 2,752.00 24,461.50 25,990.72 5,809.28
     Housing Allowance 1,923.08 1,923.08 19,230.80 19,230.80 5,769.20
     Pension/Insurance 1,136.27 1,122.31 10,440.46 10,145.14 7,854.86
     Car Allowance 23.82 410.39 398.03 755.02 744.98
     Cell Phone 50.00 50.00 450.00 450.00 150.00
     Professional Allow $50/mo cumulative 0.00 50.00 736.83 300.00 578.26
   Synod Assembly/Conf of Ministry 0.00 0.00 186.14 0.00 1,200.00
TOTAL 5,579.33 6,307.78 55,903.76 56,871.68 22,106.58
CONTINGENCY 0.00 0.00 0.00 0.00 0.00
TOTAL OPERATING EXPENSES 14,207.84 17,667.71 169,207.98 161,842.42 143,133.68
* Income is based on historically collected contributions
     Variations are due to time of tithing receipts
** Monthly budgeted expenses are based on 1/12th of annual budgeted amount

 

DESIGNATED SUMMARY SHEET FOR ALL ACCOUNTS
September 2014
August Income Pass-Thru Expenses Balance
General Fund 14,665.11 23,526.99 1,742.99 31,187.71 5,261.40
Building Fund 32,333.99 1,251.00 5,442.66 28,142.33
Designated Funds 51,532.56 491.99 1,865.16 50,159.39
Carry Forward Balance Payment Balance as of Sept 2014
Mortgage 448,428.93 0.00 442,255.07
Designated Funds Carry Forward Income Expenses Balance
Africa Dresses Project 197.49 197.49
Choice (Thrivent) 1,033.80 1,033.80
Confirmation Awards 0.00 0.00
Easter Lillies -176.75 -176.75
Faith Neighborhood Center 420.00 100.00 420.00 100.00
Faith Neigh Building Fund 3,100.00 10,000.00 13,100.00 0.00
Good Shepherd Fund 3,944.35 3,944.35
IT Equipment/Software 100.00 100.00
Ladies Evening Circle 872.19 872.19
Major Building Repairs 28,750.00 500.00 28,250.00
Me Doll 574.36 574.36
Memorial Fund 3,980.94 3,980.94
Missions 300.00 300.00
Music 436.00 315.00 751.00
New Pastor Call Fund 11,565.91 11,565.91
Partitions 10.00 10.00
Scholarship Holding Fund 120.00 120.00
Staff Gifts 0.00 0.00
Souper Bowl 0.00 0.00
Vacation Bible School 571.68 571.68
Virginia Circle 2,226.94 231.27 1,995.67
Youth Group 1,677.07 176.99 1,133.89 720.17

 

Scholarship Fund   $25,000 Investment Fund   $50,000 $50,000
Raymond James Cost Basis Change Value Cost Basis Change Value
Freedom Account ( 49843198)
Transferred into Edward Jones   Initial Investment of $75,000
Funds
Money Market $631.55 -88.56 $542.99 $1,667.49 22.00 $1,689.49
Champlain Mid Cap (CIPMX) $1,456.94 108.11 $1,565.05 $3,389.83 194.17 $3,584.00
American Mutual Fd (AMRFX) $2,099.36 272.54 $2,371.90 $4,877.16 624.10 $5,501.26
Artisan Intl (ARTIX) $1,278.02 139.35 $1,417.37 $2,978.95 322.07 $3,301.02
Dodge & Cox Inc Fd (DODIX) $1,682.18 64.48 $1,746.66 $3,939.24 1005.63 $4,944.87
Europacific Gr Fd (AEGFX) $1,918.27 181.37 $2,099.64 $4,494.23 521.47 $5,015.70
John Hancock Dis ValMid (JVMAX) $1,396.44 155.79 $1,552.23 $3,298.74 368.01 $3,666.75
JPMorgan US Large Cap (JLPSX) $2,672.82 347.94 $3,020.76 $6,185.61 630.10 $6,815.71
JP Morgan Core Bond (PGBOX) $1,725.68 27.45 $1,753.13 $4,028.45 64.97 $4,093.42
Clearbridge Equitye (SOPAX) $1,578.31 241.83 $1,820.14 $3,679.96 559.47 $4,239.43
Loomis Sayles Gr Fd (LSGRX) $1,994.75 411.31 $2,406.06 $4,653.98 853.43 $5,507.41
MFS Research Fund (MFRFX) $2,589.39 376.25 $2,965.64 $6,008.06 772.98 $6,781.04
Neuberger Berman Hi Inc (NHIAX) $1,716.26 27.47 $1,743.73 $4,006.76 106.33 $4,113.09
PIMCO Unconstrained Bd Fd (PUCPX) $1,380.48 41.18 $1,421.66 $3,237.20 78.28 $3,315.48
PIMCO Total Return (PTTPX) $1,711.97 -319.88 $1,392.09 $4,006.35 -738.73 $3,267.62
Trowe Price Sm Cap (PASVX) $1,845.61 138.39 $1,984.00 $4,251.93 -508.77 $3,743.16
Templeton Global Bd (TGBAX) $1,398.60 54.99 $1,453.59 $3,181.59 124.85 $3,306.44
Virtus Emerg Mkt Opp (HIEMX) $1,003.61 412.76 $1,416.37 $2,342.80 1043.90 $3,386.70
Wells Fargo Adv Intl (WFVDX) $1,258.30 138.41 $1,396.71 $2,940.42 408.69 $3,349.11
AQR Div Arbit Fd (ADANX) $1,755.25 -28.75 $1,726.50 $4,127.02 -80.86 $4,046.16
Total $33,093.79 $2,702.43 $35,796.22 $77,295.77 $6,372.09 $83,667.86

August 2014 – Financial Report

               2014 Budgeted Expenses
August-14
August August YTD YTD YTD
ITEM 2013 Historical Actual Income 2013 Historical 2014 Income 2014 Balance
INCOME *
GENERAL FUND 19,554.96 23,663.00 150,965.30 127,678.70
BUILDING FUND 11,879.00 3,420.00 38,749.00 27,334.00
DESIGNATED FUND 5,819.75 554.00 15,338.75 10,870.00
FAITH NEIGHBORHOOD CENTER 1,000.00 3,520.00 5,348.98 9,897.19
ALTAR FLOWERS 90.00 60.00 1,085.00 795.00
TOTAL 38,343.71 31,217.00 211,487.03 176,574.89
EXPENSES ** 2013 Expenses August Expenses 2013 YTD Expenses 2014 YTD Expenses 2014 YTD Balance
SERVICE MINISTRIES
     Synod Mission Share 1,000.00 0.00 8,075.00 4,600.00 8,600.00
TOTAL 1,000.00 0.00 8,075.00 4,600.00 8,600.00
WORSHIP & MUSIC
     Supplies 0.00 61.50 1,455.18 558.53 891.47
     Florist 0.00 120.00 1,307.00 780.00 -280.00
     Choir Music 30.00 0.00 414.36 0.00 1,500.00
     Instruments (Piano Tuning) 0.00 0.00 0.00 0.00 550.00
     Special Worship (Christian Seder) 0.00 0.00 239.97 0.00 0.00
     Fellowship 225.00 141.53 641.83 706.50 293.50
     Publicity 12.00 0.00 1,547.42 991.00 5,000.00
   Stewardship Emphasis 0.00 0.00 0.00 0.00 100.00
   Music License 0.00 0.00 0.00 675.00 1,050.00
TOTAL 267.00 181.50 5,605.76 3,711.03 7,438.97
EDUCATION/YOUTH & FAMILY
     Youth & Family Ministry 0.00 0.00 300.89 0.00 600.00
     Sunday School 0.00 0.00 241.13 0.00 600.00
     Vacation Bible School 0.00 0.00 0.00 0.00 700.00
     Conference & Retreats 0.00 0.00 265.00 0.00 2,000.00
     Confirmation 0.00 0.00 1,184.78 202.68 997.32
New Member Supplies 0.00 0.00 0.00 0.00 300.00
TOTAL 0.00 0.00 1,991.80 202.68 5,197.32
ADMINISTRATION
     Office Supplies 123.00 0.00 982.70 1,018.03 1,981.97
     Postage 10.00 50.30 337.03 149.30 650.70
     Banking, Filing, Membership Fees 15.80 37.95 423.78 382.70 -57.70
     Copier 420.46 293.92 2,389.89 2,295.22 204.78
     Computer Licenses 0.00 0.00 0.00 375.46 -175.46
Software Upgrades & Maintenance 0.00 0.00 0.00 0.00 1,000.00
     Payroll Processing Fee 13.05 0.00 162.95 0.00 0.00
     Subscription 0.00 0.00 260.85 121.20 378.80
TOTAL 582.31 382.17 4,557.20 4,341.91 3,983.09
PROPERTY
     Utilities 2,299.53 2,086.45 14,375.92 12,267.95 12,732.05
     Custodial Supplies 0.00 32.21 188.83 166.73 1,833.27
     Building Equipment & Repairs 60.00 150.00 2,918.01 1,362.62 13,637.38
     Lawn Maintenance 500.00 1,000.00 4,000.00 3,500.00 2,500.00
     Building & Grounds 0.00 100.02 1,129.45 1,888.47 6,111.53
     IT – Infrastructure 0.00 0.00 0.00 0.00 0.00
     Insurance 2,006.45 2,165.57 6,221.87 6,625.82 874.18
     County Taxes (Fire & Other) 0.00 0.00 0.00 0.00 1,500.00
   Playground Refurbishment 0.00 0.00 71.20 0.00 4,000.00
     Defibrillator Maintenance 0.00 0.00 0.00 0.00 200.00
     Monthly Mortgage 5,442.66 5,442.66 24,491.97 21,743.64 11,256.36
     Memorial Garden 0.00 0.00 0.00 0.00 1,000.00
TOTAL 10,308.64 10,976.91 53,397.25 47,555.23 55,644.77
PERSONNEL
STAFF
     Organist 450.00 0.00 4,050.00 2,250.00 850.00
     Secretary 1,752.60 0.00 11,006.46 8,034.33 11,985.67
     Bookeeper (contract) 216.00 246.00 2,022.00 2,082.00 1,918.00
     Custodian 830.76 830.88 7,476.84 7,061.58 4,278.42
     Choir Director (Music Director) 300.00 1,200.00 1,947.00 7,425.00 7,575.00
     Supply Pastor (Associate Pastor) 340.00 0.00 830.00 750.00 2,250.00
     Coordinator 0.00 1,200.00 0.00 3,600.00 21,590.00
     Supply Organist 0.00 0.00 150.00 0.00 0.00
     Workman’s Compensation 0.00 0.00 646.93 181.39 818.61
     Taxes – Employer Contribution 341.34 247.15 2,711.27 1,765.66 0.00
TOTAL 4,230.70 3,724.03 30,840.50 33,149.96 51,265.70
PASTOR’S SALARY AND BENEFITS
     Salary 3,669.24 4,128.00 22,015.44 23,238.72 8,561.28
     Housing Allowance 2,884.62 2,884.62 17,307.72 17,307.72 7,692.28
     Pension/Insurance 1,136.27 1,122.31 9,304.19 9,022.83 8,977.17
     Car Allowance 48.14 0.00 377.71 344.63 1,155.37
     Cell Phone 50.00 50.00 400.00 400.00 200.00
     Professional Allow $50/mo cumulative 0.00 0.00 736.83 250.00 578.26
   Synod Assembly/Conf of Ministry 0.00 0.00 186.14 0.00 1,200.00
TOTAL 7,788.27 8,184.93 50,328.03 50,563.90 28,364.36
CONTINGENCY 0.00 0.00 0.00 0.00 0.00
TOTAL OPERATING EXPENSES 24,176.92 23,449.54 154,795.54 144,124.71 160,494.21
* Income is based on historically collected contributions
     Variations are due to time of tithing receipts
** Monthly budgeted expenses are based on 1/12th of annual budgeted amount
DESIGNATED SUMMARY SHEET FOR ALL ACCOUNTS
August 2014
July Income Pass-Thru Expenses Balance
General Fund 10,871.65 31,217.00 3,974.00 23,449.54 14,665.11
Building Fund 28,913.99 3,420.00 0.00 32,333.99
Designated Funds 50,978.56 554.00 2,956.65 48,575.91
Carry Forward Balance Payment Balance as of August 2014
Mortgage 448,428.93 5,442.66 442,255.07
Designated Funds Carry Forward Income Expenses Balance
Africa Dresses Project 197.49 197.49
Choice (Thrivent) 2,555.66 46.00 1,567.86 1,033.80
Confirmation Awards 0.00 0.00
Easter Lillies -176.75 -176.75
Faith Neighborhood Center 20.00 420.00 20.00 420.00
Faith Neigh Building Fund 100.00 3,100.00 100.00 3,100.00
Good Shepherd Fund 4,557.00 612.65 4,557.00
IT Equipment/Software 100.00 100.00
Ladies Evening Circle 872.19 872.19
Major Building Repairs 28,750.00 28,750.00
Me Doll 574.36 574.36
Memorial Fund 3,821.94 159.00 3,980.94
Missions 300.00 319.00 319.00 300.00
Music 406.00 30.00 436.00
New Pastor Call Fund 11,565.91 11,565.91
Partitions 10.00 10.00
Scholarship Holding Fund 120.00 120.00
Staff Gifts 0.00 0.00
Souper Bowl 0.00 0.00
Vacation Bible School 912.15 340.47 571.68
Virginia Circle 2,344.47 117.53 2,226.94
Youth Group 1,677.07 1,677.07
Scholarship Fund   $25,000 Investment Fund   $50,000 $50,000
Raymond James Cost Basis Change Value Cost Basis Change Value
Freedom Account ( 49843198)
Transferred into Edward Jones   Initial Investment of $75,000
Funds
Money Market $631.55 -128.68 $502.87 $1,667.49 -187.04 $1,480.45
Champlain Mid Cap (CIPMX) $1,456.94 50.52 $1,507.46 $3,389.83 129.74 $3,519.57
American Mutual Fd (AMRFX) $2,099.36 191.55 $2,290.91 $4,877.16 436.23 $5,313.39
Artisan Intl (ARTIX) $1,278.02 123.31 $1,401.33 $2,978.95 284.70 $3,263.65
Dodge & Cox Inc Fd (DODIX) $1,682.18 49.49 $1,731.67 $3,939.24 121.59 $4,060.83
Europacific Gr Fd (AEGFX) $1,918.27 167.46 $2,085.73 $4,494.23 368.03 $4,862.26
John Hancock Dis ValMid (JVMAX) $1,396.44 97.75 $1,494.19 $3,298.74 230.90 $3,529.64
JPMorgan US Large Cap (JLPSX) $2,672.82 233.28 $2,906.10 $6,185.61 552.43 $6,738.04
JP Morgan Core Bond (PGBOX) $1,725.68 10.33 $1,736.01 $4,028.45 24.99 $4,053.44
Clearbridge Equitye (SOPAX) $1,578.31 177.92 $1,756.23 $3,679.96 410.60 $4,090.56
Loomis Sayles Gr Fd (LSGRX) $1,994.75 318.59 $2,313.34 $4,653.98 740.73 $5,394.71
MFS Research Fund (MFRFX) $2,589.39 265.63 $2,855.02 $6,008.06 604.27 $6,612.33
Neuberger Berman Hi Inc (NHIAX) $1,716.26 -5.41 $1,710.85 $4,006.76 -2.21 $4,004.55
PIMCO Unconstrained Bd Fd (PUCPX) $1,380.48 0.92 $1,381.40 $3,237.20 5.33 $3,242.53
PIMCO Total Return (PTTPX) $1,711.97 15.55 $1,727.52 $4,006.35 47.45 $4,053.80
Trowe Price Sm Cap (PASVX) $1,845.61 77.99 $1,923.60 $4,251.93 172.06 $4,423.99
Templeton Global Bd (TGBAX) $1,398.60 41.66 $1,440.26 $3,181.59 94.52 $3,276.11
Virtus Emerg Mkt Opp (HIEMX) $1,003.61 83.63 $1,087.24 $2,342.80 206.55 $2,549.35
Wells Fargo Adv Intl (WFVDX) $1,258.30 128.63 $1,386.93 $2,940.42 293.62 $3,234.04
AQR Div Arbit Fd (ADANX) $1,755.25 -22.44 $1,732.81 $4,127.02 -66.07 $4,060.95
Total $33,093.79 $1,877.68 $34,971.47 $77,295.77 $4,468.42 $81,764.19

July 2014 – Financial Report

               2014 Budgeted Expenses
July July YTD YTD YTD
ITEM 2013 Historical Actual Income 2013 Historical 2014 Income 2014 Balance
INCOME *
GENERAL FUND 9,141.68 11,867.00 131,410.30 84,661.47
BUILDING FUND 1,484.00 1,443.00 26,870.00 22,471.00
DESIGNATED FUND 1,625.00 1,387.00 10,208.00 10,635.00
FAITH NEIGHBORHOOD CENTER 0.00 120.00 4,348.98 6,259.19
ALTAR FLOWERS 150.00 180.00 995.00 555.00
TOTAL 12,400.68 14,997.00 173,832.28 124,581.66
EXPENSES ** 2013 Expenses July Expenses 2013 YTD Expenses 2014 YTD Expenses 2014 YTD Balance
SERVICE MINISTRIES
     Synod Mission Share 1,000.00 200.00 7,075.00 4,600.00 8,600.00
TOTAL 1,000.00 200.00 7,075.00 4,600.00 8,600.00
WORSHIP & MUSIC
     Supplies 0.00 0.00 1,393.68 497.03 952.97
     Florist 0.00 120.00 1,157.00 780.00 -280.00
     Choir Music 30.00 0.00 414.36 0.00 1,500.00
     Instruments (Piano Tuning) 0.00 0.00 0.00 0.00 550.00
     Special Worship (Christian Seder) 0.00 0.00 239.97 0.00 0.00
     Fellowship 0.00 178.77 334.37 564.97 435.03
     Publicity 92.74 0.00 1,535.42 991.00 5,000.00
   Stewardship Emphasis 0.00 0.00 0.00 0.00 100.00
   Music License 0.00 0.00 0.00 675.00 1,050.00
TOTAL 122.74 120.00 5,074.80 3,508.00 7,642.00
EDUCATION/YOUTH & FAMILY
     Youth & Family Ministry 0.00 0.00 300.89 0.00 600.00
     Sunday School 0.00 0.00 241.13 0.00 600.00
     Vacation Bible School 0.00 0.00 0.00 0.00 700.00
     Conference & Retreats 0.00 0.00 265.00 0.00 2,000.00
     Confirmation 0.00 0.00 1,184.78 202.68 997.32
New Member Supplies 0.00 0.00 0.00 0.00 300.00
TOTAL 0.00 0.00 1,991.80 202.68 5,197.32
ADMINISTRATION
     Office Supplies 0.00 114.00 859.70 1,018.03 1,981.97
     Postage 20.49 0.00 327.03 99.00 701.00
     Banking, Filing, Membership Fees 53.00 87.85 407.98 344.75 -19.75
     Copier 332.36 224.30 1,969.43 2,001.30 498.70
     Computer Licenses 0.00 0.00 0.00 375.46 -175.46
Software Upgrades & Maintenance 0.00 0.00 0.00 0.00 1,000.00
     Payroll Processing Fee 12.75 0.00 424.84 0.00 0.00
     Subscription 0.00 0.00 260.85 121.20 378.80
TOTAL 418.60 426.15 4,249.83 3,959.74 4,365.26
PROPERTY
     Utilities 1,973.26 1,988.23 12,076.39 10,181.50 14,818.50
     Custodial Supplies 0.00 0.00 188.83 134.52 1,865.48
     Building Equipment & Repairs 0.00 0.00 2,918.01 1,212.62 13,787.38
     Lawn Maintenance 500.00 0.00 3,500.00 2,500.00 3,500.00
     Building & Grounds 195.00 0.00 1,129.45 1,788.45 6,211.55
     IT – Infrastructure 0.00 0.00 0.00 0.00 0.00
     Insurance 0.00 0.00 4,215.42 4,460.25 3,039.75
     County Taxes (Fire & Other) 0.00 0.00 0.00 0.00 1,500.00
   Playground Refurbishment 0.00 0.00 71.20 0.00 4,000.00
     Defibrillator Maintenance 0.00 0.00 0.00 0.00 200.00
     Monthly Mortgage 2,721.33 2,721.33 13,648.65 16,300.98 16,699.02
     Memorial Garden 0.00 0.00 0.00 0.00 1,000.00
TOTAL 5,389.59 4,709.56 37,747.95 36,578.32 66,621.68
PERSONNEL
STAFF
     Organist 150.00 0.00 4,050.00 2,250.00 850.00
     Secretary 1,185.02 0.00 10,864.56 8,034.33 11,985.67
     Bookeeper (contract) 228.00 246.00 1,806.00 1,836.00 2,164.00
     Custodian 830.76 830.76 6,230.70 6,230.70 5,109.30
     Choir Director (Music Director) 300.00 1,200.00 1,647.00 6,225.00 8,775.00
     Supply Pastor (Associate Pastor) 340.00 0.00 830.00 750.00 2,250.00
     Coordinator 0.00 1,200.00 0.00 2,400.00 22,790.00
     Supply Organist 0.00 0.00 0.00 0.00 0.00
     Workman’s Compensation 0.00 0.00 646.93 181.39 818.61
     Taxes – Employer Contribution 356.31 247.15 2,369.93 1,216.00 0.00
TOTAL 3,390.09 3,723.91 28,445.12 29,123.42 54,742.58
PASTOR’S SALARY AND BENEFITS
     Salary 2,446.16 2,752.00 18,346.20 18,957.80 12,842.20
     Housing Allowance 1,923.08 1,923.08 14,423.10 14,423.10 10,576.90
     Pension/Insurance 0.00 1,122.31 5,625.32 7,900.52 10,099.48
     Car Allowance 0.00 0.00 326.07 344.63 1,155.37
     Cell Phone 50.00 50.00 350.00 350.00 250.00
     Professional Allow $50/mo cumulative 0.00 0.00 736.83 250.00 528.26
   Synod Assembly/Conf of Ministry 0.00 0.00 186.14 0.00 1,200.00
TOTAL 4,419.24 5,847.39 39,993.66 42,226.05 36,652.21
CONTINGENCY 0.00 0.00 0.00 0.00 0.00
TOTAL OPERATING EXPENSES 14,740.26 15,027.01 124,578.16 120,198.21 183,821.05
* Income is based on historically collected contributions
     Variations are due to time of tithing receipts
** Monthly budgeted expenses are based on 1/12th of annual budgeted amount

 

 

DESIGNATED SUMMARY SHEET FOR ALL ACCOUNTS
July 2014
June Income Pass-Thru Expenses Balance
General Fund -11,298.02 14,997.00 2,830.00 15,027.01 -14,158.03
Building Fund 27,470.99 1,443.00 0.00 28,913.99
Designated Funds 51,468.57 1,387.00 0.00 52,855.57
Reserved Fund 15,000.00 0.00 0.00 15,000.00
Carry Forward Balance Payment Fees Balance as of July 2014
Mortgage 448,428.93 2,721.33 443,498.07
Designated Funds Carry Forward Income Expenses Balance
Africa Dresses Project 197.49 197.49
Choice (Thrivent) 2,475.66 80.00 2,555.66
Confirmation Awards 0.00 0.00
Easter Lillies -176.75 -176.75
Faith Neighborhood Center 50.00 20.00 50.00 20.00
Faith Neigh Building Fund 1,120.00 100.00 1,120.00 100.00
Good Shepherd Fund 4,557.00 4,557.00
IT Equipment/Software 100.00 100.00
Ladies Evening Circle 872.19 872.19
Major Building Repairs 28,750.00 28,750.00
Me Doll 574.36 574.36
Memorial Fund 3,586.94 235.00 3,821.94
Missions 300.00 300.00
Music 379.00 27.00 406.00
New Pastor Call Fund 11,565.91 11,565.91
Partitions 10.00 10.00
Scholarship Holding Fund 120.00 120.00
Staff Gifts 0.00 0.00
Souper Bowl 0.00 0.00
Vacation Bible School -132.85 1,045.00 912.15
Virginia Circle 2,344.47 2,344.47
Youth Group 1,677.07 1,677.07

 

Scholarship Fund   $25,000 Investment Fund   $50,000 $50,000
Raymond James Cost Basis Change Value Cost Basis Change Value
Freedom Account ( 49843198)
Transferred into Edward Jones   Initial Investment of $75,000
Funds
Money Market $631.55 -43.06 $588.49 $1,667.49 8.12 $1,675.61
Champlain Mid Cap (CIPMX) $1,456.94 96.99 $1,553.93 $3,389.83 238.25 $3,628.08
American Mutual Fd (AMRFX) $2,099.36 240.02 $2,339.38 $4,877.16 548.66 $5,425.82
Artisan Intl (ARTIX) $1,278.02 167.32 $1,445.34 $2,978.95 387.19 $3,366.14
Dodge & Cox Inc Fd (DODIX) $1,682.18 53.24 $1,735.42 $3,939.24 130.38 $4,069.62
Europacific Gr Fd (AEGFX) $1,918.27 211.32 $2,129.59 $4,494.23 470.27 $4,964.50
John Hancock Dis ValMid (JVMAX) $1,396.44 127.17 $1,523.61 $3,298.74 300.40 $3,599.14
JPMorgan US Large Cap (JLPSX) $2,672.82 266.89 $2,939.71 $6,185.61 630.35 $6,815.96
JP Morgan Core Bond (PGBOX) $1,725.68 12.42 $1,738.10 $4,028.45 29.87 $4,058.32
Clearbridge Equitye (SOPAX) $1,578.31 208.48 $1,786.79 $3,679.96 481.80 $4,161.76
Loomis Sayles Gr Fd (LSGRX) $1,994.75 366.14 $2,360.89 $4,653.98 851.62 $5,505.60
MFS Research Fund (MFRFX) $2,589.39 313.04 $2,902.43 $6,008.06 714.07 $6,722.13
Neuberger Berman Hi Inc (NHIAX) $1,716.26 25.79 $1,742.05 $4,006.76 70.82 $4,077.58
PIMCO Unconstrained Bd Fd (PUCPX) $1,380.48 6.76 $1,387.24 $3,237.20 19.03 $3,256.23
PIMCO Total Return (PTTPX) $1,711.97 25.14 $1,737.11 $4,006.35 69.93 $4,076.28
Trowe Price Sm Cap (PASVX) $1,845.61 201.99 $2,047.60 $4,251.93 457.24 $4,709.17
Templeton Global Bd (TGBAX) $1,398.60 42.43 $1,441.03 $3,181.59 96.26 $3,277.85
Virtus Emerg Mkt Opp (HIEMX) $1,003.61 70.17 $1,073.78 $2,342.80 174.98 $2,517.78
Wells Fargo Adv Intl (WFVDX) $1,258.30 157.62 $1,415.92 $2,940.42 361.21 $3,301.63
AQR Div Arbit Fd (ADANX) $1,755.25 -20.86 $1,734.39 $4,127.02 -62.37 $4,064.65
Total $33,093.79 $2,529.01 $35,622.80 $77,295.77 $5,978.08 $83,273.85

 

 

 

 

 

 

JUNE 2014 – FINANCIAL REPORT

2014 Budgeted Expenses
June 1 to June 30, 2014
    June June YTD YTD YTD
ITEM Annual Approved Budget Amounts 2013 Historical Actual Income 2013 Historical 2014 Income 2014 Balance
INCOME *
GENERAL FUND 13,195.25 15,734.70 122,268.65 84,661.47
BUILDING FUND 4,037.00 4,002.00 25,386.00 22,471.00
DESIGNATED FUND 2,525.00 235.00 8,023.00 10,635.00
FAITH NEIGHBORHOOD CENTER 560.00 1,170.00 4,348.98 6,259.19
ALTAR FLOWERS 65.00 210.00 845.00 555.00
TOTAL 20,382.25 21,351.70 160,871.63 124,581.66
EXPENSES ** June Expenses June Expenses 2013 YTD Expenses 2014 YTD Expenses 2014 YTD Balance
SERVICE MINISTRIES
     Synod Mission Share 13,200.00 1,000.00 2,100.00 6,075.00 4,400.00 8,800.00
TOTAL 13,200.00 1,000.00 2,100.00 6,075.00 4,400.00 8,800.00
WORSHIP & MUSIC
     Supplies 1,450.00 161.50 39.45 1,393.68 497.03 952.97
     Florist 500.00 290.00 150.00 1,157.00 660.00 -160.00
     Choir Music 1,500.00 99.95 0.00 414.36 0.00 1,500.00
     Instruments (Piano Tuning) 550.00 0.00 0.00 0.00 0.00 550.00
     Special Worship (Christian Seder) 0.00 239.97 0.00 239.97 0.00 0.00
     Fellowship 1,000.00 81.94 0.00 334.37 386.20 613.80
     Publicity 5,000.00 195.98 0.00 1,442.68 991.00 5,000.00
    Stewardship Emphasis 100.00 0.00 0.00 0.00 0.00 100.00
    Music License 1,050.00 0.00 0.00 0.00 675.00 1,050.00
TOTAL 11,150.00 1,069.34 189.45 4,982.06 3,209.23 7,940.77
EDUCATION/YOUTH & FAMILY
     Youth & Family Ministry 600.00 0.00 0.00 300.89 0.00 600.00
     Sunday School 600.00 0.00 0.00 241.13 0.00 600.00
     Vacation Bible School 700.00 0.00 0.00 0.00 0.00 700.00
     Conference & Retreats 2,000.00 0.00 0.00 265.00 0.00 2,000.00
     Confirmation 1,200.00 350.79 0.00 1,184.78 202.68 997.32
New Member Supplies 300.00 0.00 0.00 0.00 0.00 300.00
TOTAL 5,400.00 350.79 0.00 1,991.80 202.68 5,197.32
ADMINISTRATION
     Office Supplies 3,000.00 37.80 0.00 859.70 904.03 2,095.97
     Postage 800.00 0.00 0.00 306.54 99.00 701.00
     Banking, Filing, Membership Fees 325.00 53.30 52.45 354.98 256.90 68.10
     Copier 2,500.00 163.11 124.14 1,637.07 1,777.00 723.00
     Computer Licenses 200.00 0.00 0.00 0.00 375.46 -175.46
Software Upgrades & Maintenance 1,000.00 0.00 0.00 0.00 0.00 1,000.00
     Payroll Processing Fee 0.00 97.48 0.00 412.09 0.00 0.00
     Subscription 500.00 39.95 0.00 260.85 121.20 378.80
TOTAL 8,325.00 391.64 176.59 3,831.23 3,533.59 4,791.41
PROPERTY
     Utilities 25,000.00 1,802.46 499.17 10,103.13 8,193.27 16,806.73
     Custodial Supplies 2,000.00 87.24 0.00 188.83 134.52 1,865.48
     Building Equipment & Repairs 15,000.00 2,810.00 0.00 2,918.01 1,212.62 13,787.38
     Lawn Maintenance 6,000.00 500.00 500.00 3,000.00 2,500.00 3,500.00
     Building & Grounds 8,000.00 374.50 0.00 934.45 1,788.45 6,211.55
     IT – Infrastructure 0.00 0.00 0.00 0.00 0.00 0.00
     Insurance 7,500.00 2,132.93 2,390.56 4,215.42 4,460.25 3,039.75
     County Taxes (Fire & Other) 1,500.00 0.00 0.00 0.00 0.00 1,500.00
    Playground Refurbishment 4,000.00 71.20 0.00 71.20 0.00 4,000.00
     Defibrillator Maintenance 200.00 0.00 0.00 0.00 0.00 200.00
     Monthly Mortgage 33,000.00 0.00 0.00 13,648.65 13,579.65 19,420.35
     Memorial Garden 1,000.00 0.00 0.00 0.00 0.00 1,000.00
TOTAL 103,200.00 7,778.33 3,389.73 35,079.69 31,868.76 71,331.24
PERSONNEL
STAFF
     Organist 3,100.00 375.00 150.00 3,900.00 2,250.00 850.00
     Secretary 20,020.00 1,380.60 0.00 9,679.54 8,034.33 11,985.67
     Bookeeper (contract) 4,000.00 240.00 252.00 1,578.00 1,590.00 2,410.00
     Custodian 11,340.00 830.76 830.76 5,399.94 5,399.94 5,940.06
     Choir Director (Music Director) 15,000.00 900.00 1,200.00 1,347.00 5,025.00 9,975.00
     Supply Pastor (Associate Pastor) 3,000.00 0.00 150.00 490.00 750.00 2,250.00
     Coordinator 25,190.00 0.00 1,200.00 0.00 1,200.00 23,990.00
     Supply Organist 1,400.00 0.00 0.00 0.00 0.00 0.00
     Workman’s Compensation 1,000.00 0.00 9.14 646.93 181.39 818.61
     Taxes – Employer Contribution 160.00 368.02 169.17 2,013.62 968.85 0.00
TOTAL 84,210.00 4,094.38 3,961.07 25,055.03 25,399.51 58,219.34
PASTOR’S SALARY AND BENEFITS
     Salary 31,800.00 2,446.16 2,752.00 15,900.04 16,205.80 15,594.20
     Housing Allowance 25,000.00 1,923.08 1,923.08 12,500.02 12,500.02 12,499.98
     Pension/Insurance 18,000.00 0.00 1,122.31 5,625.32 6,778.21 11,221.79
     Car Allowance 1,500.00 0.00 0.00 326.07 344.63 1,155.37
     Cell Phone 600.00 50.00 50.00 300.00 300.00 300.00
     Professional Allow $50/mo cumulative 1,127.00 398.88 0.00 736.83 250.00 528.26
    Synod Assembly/Conf of Ministry 1,200.00 0.00 0.00 186.14 0.00 1,200.00
TOTAL 79,227.00 4,818.12 5,847.39 35,574.42 36,378.66 42,499.60
CONTINGENCY 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL OPERATING EXPENSES 304,712.00 19,502.60 15,664.23 112,589.23 104,992.43 198,779.68
 * Income is based on historically collected contributions
     Variations are due to time of tithing receipts
** Monthly budgeted expenses are based on 1/12th of annual budgeted amount

 

DESIGNATED SUMMARY SHEET FOR ALL ACCOUNTS
Jun-14
           
  May Income Pass-Thru Expenses Balance
General Fund -13,497.02 22,100.23 4,237.00 15,664.23 -11,298.02
Building Fund 23,468.99 4,002.00 27,470.99
Designated Funds 51,345.60 235.00 112.03 51,468.57
Reserved Fund 15,000.00 0.00 0.00 15,000.00
Carry Forward Balance Payment Fees Balance as of June 2014
Mortgage 448,428.93 0.00 430,879.93
Designated Funds Carry Forward Income Expenses Balance
Africa Dresses Project 197.49 197.49
Choice (Thrivent) 2,435.66 40.00 2,475.66
Confirmation Awards 0.00 0.00
Easter Lillies -176.75 -176.75
Faith Neighborhood Center 300.00 50.00 300.00 50.00
Faith Neigh Building Fund 1,200.00 1,120.00 1,200.00 1,120.00
Good Shepherd Fund 4,492.00 65.00 0.00 4,557.00
IT Equipment/Software 100.00 100.00
Ladies Evening Circle 872.19 872.19
Major Building Repairs 28,750.00 28,750.00
Me Doll 574.36 574.36
Memorial Fund 3,536.94 50.00 3,586.94
Missions 300.00 300.00
Music 354.00 25.00 379.00
New Pastor Call Fund 11,565.91 11,565.91
Partitions 10.00 10.00
Scholarship Holding Fund 120.00 120.00
Staff Gifts 0.00 0.00
Souper Bowl 0.00 0.00
Vacation Bible School -187.85 55.00 -132.85
Virginia Circle 2,456.50 112.03 2,344.47
Youth Group 1,677.07 1,677.07

 

 

RAYMOND JAMES
AS OF 6/30/14
Scholarship Fund   $25,000   Investment Fund   $50,000    
         
Freedom Account ( 49843198) Cost Basis Change Value Cost Basis Change Value
Transferred into Edward Jones  Initial Investment of $75,000
Funds
Money Market $631.55 0.00 $631.55 $1,667.49 0.00 $1,667.49
Champlain Mid Cap (CIPMX) $1,456.94 39.40 $1,496.34 $3,389.83 103.79 $3,493.62
American Mutual Fd (AMRFX) $2,099.36 204.29 $2,303.65 $4,877.16 465.82 $5,342.98
Artisan Intl (ARTIX) $1,278.02 132.02 $1,410.04 $2,978.95 304.99 $3,283.94
Dodge & Cox Inc Fd (DODIX) $1,682.18 48.25 $1,730.43 $3,939.24 118.68 $4,057.92
Europacific Gr Fd (AEGFX) $1,918.27 192.34 $2,110.61 $4,494.23 426.04 $4,920.27
John Hancock Dis ValMid (JVMAX) $1,396.44 89.91 $1,486.35 $3,298.74 212.39 $3,511.13
JPMorgan US Large Cap (JLPSX) $2,672.82 188.80 $2,861.62 $6,185.61 449.30 $6,634.91
JP Morgan Core Bond (PGBOX) $1,725.68 13.32 $1,739.00 $4,028.45 31.96 $4,060.41
Clearbridge Equitye (SOPAX) $1,578.31 179.88 $1,758.19 $3,679.96 415.18 $4,095.14
Loomis Sayles Gr Fd (LSGRX) $1,994.75 320.96 $2,315.71 $4,653.98 746.28 $5,400.26
MFS Research Fund (MFRFX) $2,589.39 254.35 $2,843.74 $6,008.06 578.13 $6,586.19
Neuberger Berman Hi Inc (NHIAX) $1,716.26 16.38 $1,732.64 $4,006.76 38.27 $4,045.03
PIMCO Unconstrained Bd Fd (PUCPX) $1,380.48 4.66 $1,385.14 $3,237.20 11.84 $3,249.04
PIMCO Total Return (PTTPX) $1,711.97 19.82 $1,731.79 $4,006.35 52.08 $4,058.43
Trowe Price Sm Cap (PASVX) $1,845.61 127.19 $1,972.80 $4,251.93 285.21 $4,537.14
Templeton Global Bd (TGBAX) $1,398.60 35.64 $1,434.24 $3,181.59 80.81 $3,262.40
Virtus Emerg Mkt Opp (HIEMX) $1,003.61 35.90 $1,039.51 $2,342.80 94.59 $2,437.39
Wells Fargo Adv Intl (WFVDX) $1,258.30 132.26 $1,390.56 $2,940.42 302.07 $3,242.49
AQR Div Arbit Fd (ADANX) $1,755.25 -28.75 $1,726.50 $4,127.02 -80.86 $4,046.16
Total $33,093.79 $2,006.62 $35,100.41 $77,295.77 $4,636.57 $81,932.34

MAY 2014 – FINANCIAL REPORT

2014 Budgeted Expenses
May 1 to May 31, 2014
May May YTD YTD YTD
ITEM Annual Approved Budget Amounts 2013 Historical Actual Income 2013 Historical 2014 Income 2014 Balance
INCOME *
GENERAL FUND 21,914.95 14,310.37 109,073.40 84,661.47
BUILDING FUND 3,168.00 1,264.00 21,349.00 18,469.00
DESIGNATED FUND 319.00 2,265.00 5,498.00 10,245.75
FAITH NEIGHBORHOOD CENTER 730.00 1,500.00 3,788.98 5,087.19
ALTAR FLOWERS 110.00 30.00 780.00 345.00
TOTAL 26,241.95 19,369.37 140,489.38 118,808.41
EXPENSES ** May Expenses May Expenses 2013 YTD Expenses 2014 YTD Expenses 2014 YTD Balance
SERVICE MINISTRIES
     Synod Mission Share 13,200.00 1,000.00 200.00 5,075.00 2,300.00 10,900.00
TOTAL 13,200.00 1,000.00 200.00 5,075.00 2,300.00 10,900.00
WORSHIP & MUSIC
     Supplies 1,450.00 152.10 191.89 1,232.18 457.58 992.42
     Florist 500.00 327.00 120.00 867.00 510.00 -10.00
     Choir Music 1,500.00 125.00 0.00 314.41 0.00 1,500.00
     Instruments (Piano Tuning) 550.00 0.00 0.00 210.00 0.00 550.00
     Special Worship (Christian Seder) 0.00 0.00 0.00 0.00 0.00 0.00
     Fellowship 1,000.00 0.00 0.00 252.43 386.20 613.80
     Publicity 5,000.00 245.57 514.00 1,246.70 991.00 4,486.00
   Stewardship Emphasis 100.00 0.00 0.00 0.00 0.00 100.00
   Music License 1,050.00 0.00 185.00 0.00 675.00 865.00
TOTAL 11,150.00 849.67 311.89 2,623.59 3,019.78 8,130.22
EDUCATION/YOUTH & FAMILY
     Youth & Family Ministry 600.00 0.00 0.00 300.89 0.00 600.00
     Sunday School 600.00 0.00 0.00 241.13 0.00 600.00
     Vacation Bible School 700.00 0.00 0.00 0.00 0.00 700.00
     Conference & Retreats 2,000.00 0.00 0.00 265.00 0.00 2,000.00
     Confirmation 1,200.00 48.00 202.68 833.99 202.68 997.32
New Member Supplies 300.00 0.00 0.00 0.00 0.00 300.00
TOTAL 5,400.00 48.00 202.68 1,641.01 202.68 5,197.32
ADMINISTRATION
     Office Supplies 3,000.00 90.98 205.22 821.90 904.03 2,095.97
     Postage 800.00 47.25 0.00 306.54 99.00 701.00
     Banking, Filing, Membership Fees 325.00 101.75 40.70 301.68 204.45 120.55
     Copier 2,500.00 297.41 587.38 1,473.96 1,652.86 847.14
     Computer Licenses 200.00 0.00 0.00 0.00 375.46 -175.46
Software Upgrades & Maintenance 1,000.00 0.00 0.00 0.00 0.00 1,000.00
     Payroll Processing Fee 0.00 8.70 0.00 314.61 0.00 0.00
     Subscription 500.00 0.00 0.00 220.90 121.20 378.80
TOTAL 8,325.00 546.09 833.30 3,439.59 3,357.00 4,968.00
PROPERTY
     Utilities 25,000.00 13,090.72 2,600.67 8,300.67 7,694.10 17,305.90
     Custodial Supplies 2,000.00 70.64 0.00 101.59 134.52 1,865.48
     Building Equipment & Repairs 15,000.00 0.00 90.00 108.01 1,212.62 13,787.38
     Lawn Maintenance 6,000.00 500.00 1,000.00 2,500.00 2,000.00 4,000.00
     Building & Grounds 8,000.00 182.95 182.95 559.95 1,788.45 6,211.55
     IT – Infrastructure 0.00 0.00 0.00 0.00 0.00 0.00
     Insurance 7,500.00 0.00 0.00 2,082.49 2,069.69 5,430.31
     County Taxes (Fire & Other) 1,500.00 0.00 0.00 0.00 0.00 1,500.00
   Playground Refurbishment 4,000.00 0.00 0.00 0.00 0.00 4,000.00
     Defibrillator Maintenance 200.00 0.00 0.00 0.00 0.00 200.00
     Monthly Mortgage 33,000.00 5,456.66 5,442.66 13,648.65 13,579.65 19,420.35
     Memorial Garden 1,000.00 0.00 0.00 0.00 0.00 1,000.00
TOTAL 103,200.00 19,300.97 9,316.28 27,301.36 28,479.03 74,720.97
PERSONNEL
STAFF
     Organist 3,100.00 600.00 450.00 3,525.00 2,100.00 1,000.00
     Secretary 20,020.00 1,534.00 1,380.60 7,674.59 8,034.33 11,985.67
     Bookeeper (contract) 4,000.00 204.00 300.00 858.00 1,338.00 2,662.00
     Custodian 11,340.00 830.76 830.76 4,569.18 4,569.18 6,770.82
     Choir Director (Music Director) 15,000.00 300.00 1,000.00 447.00 3,825.00 11,175.00
     Supply Pastor (Associate Pastor) 3,000.00 100.00 0.00 490.00 600.00 2,400.00
     Coordinator 25,190.00 0.00 0.00 0.00 0.00 25,190.00
     Supply Organist 1,400.00 0.00 0.00 0.00 0.00 0.00
     Workman’s Compensation 1,000.00 0.00 36.07 646.93 172.25 827.75
     Taxes – Employer Contribution 160.00 368.04 0.00 1,645.60 799.68 0.00
TOTAL 84,210.00 3,936.80 3,997.43 19,856.30 21,438.44 62,011.24
PASTOR’S SALARY AND BENEFITS
     Salary 31,800.00 2,446.16 2,446.08 13,453.88 13,453.80 18,346.20
     Housing Allowance 25,000.00 1,923.08 1,923.08 10,576.94 10,576.94 14,423.06
     Pension/Insurance 18,000.00 1,406.33 1,131.18 5,625.32 5,655.90 12,344.10
     Car Allowance 1,500.00 44.51 61.15 326.07 344.63 1,155.37
     Cell Phone 600.00 50.00 50.00 250.00 250.00 350.00
     Professional Allow $50/mo cumulative 1,127.00 87.95 50.00 150.00 250.00 528.26
   Synod Assembly/Conf of Ministry 1,200.00 186.14 0.00 186.14 0.00 1,200.00
TOTAL 79,227.00 6,144.17 5,661.49 30,568.35 30,531.27 48,346.99
CONTINGENCY 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL OPERATING EXPENSES 304,712.00 31,825.70 20,523.07 90,505.20 89,328.20 214,274.74
* Income is based on historically collected contributions
     Variations are due to time of tithing receipts
** Monthly budgeted expenses are based on 1/12th of annual budgeted amount

 

 

DESIGNATED SUMMARY SHEET FOR ALL ACCOUNTS
May-14
April Income Pass-Thru Expenses Balance
General Fund -8,812.32 19,369.37 3,529.00 20,525.07 -13,497.02
Building Fund 22,204.99 1,264.00 23,468.99
Designated Funds 51,345.60 2,265.00 337.71 53,272.89
Reserved Fund 20,000.00 0.00 5,000.00 15,000.00
Carry Forward Balance Payment Fees Balance as of May 2014
Mortgage 448,428.93 5,442.66 430,879.93
Designated Funds Carry Forward Income Expenses Balance
Africa Dresses Project 197.49 197.49
Choice (Thrivent) 2,687.66 15.00 2,435.66
Confirmation Awards 0.00 0.00
Easter Lillies -176.75 -176.75
Faith Neighborhood Center 520.00 300.00 520.00 300.00
Faith Neigh Building Fund 1,200.00 1,200.00
Good Shepherd Fund 4,614.13 122.13 4,492.00
IT Equipment/Software 100.00 100.00
Ladies Evening Circle 872.19 872.19
Major Building Repairs 28,750.00 28,750.00
Me Doll 574.36 574.36
Memorial Fund 3,436.94 100.00 3,536.94
Missions 300.00 300.00
Music 339.00 15.00 354.00
New Pastor Call Fund 11,565.91 11,565.91
Partitions 10.00 10.00
Scholarship Holding Fund 120.00 120.00
Staff Gifts 0.00 0.00
Souper Bowl 0.00 0.00
Vacation Bible School -222.85 35.00 -187.85
Virginia Circle 2,672.08 215.58 2,456.50
Youth Group 1,677.07 1,677.07

 

RAYMOND JAMES
As of 04/30/14
Freedom Account ( 49843198) Beg. Bal -06/09/13 Cost Basis Change Value
Transferred into Edward Jones  Initial Investment of $75,000 $104,776.01
Money Market $2,149.55 -751.81 $1,397.74
Champlain Mid Cap (CIPMX) $4,569.00 452.69 $5,021.69
American Mutual Fd (AMRFX) $6,988.00 804.94 $7,792.94
Artisan Intl (ARTIX) $4,300.00 42,428.00 $46,728.00
Dodge & Cox Inc Fd (DODIX) $5,376.00 256.96 $5,632.96
Europacific Gr Fd (AEGFX) $4,300.00 512.48 $4,812.48
Perkins Mid Cap (JDPAX) $4,569.00 319.54 $4,888.54
JPMorgan US Large Cap (JLPSX) $8,601.00 1,144.48 $9,745.48
JP Morgan Core Bond (PGBOX) $6,451.00 147.60 $6,598.60
Clearbridge Equitye (SOPAX) $5,376.00 590.14 $5,966.14
Loomis Sayles Gr Fd (LSGRX) $6,988.00 890.21 $7,878.21
MFS Research Fund (MFRFX) $8,601.00 897.93 $9,498.93
Neuberger Berman Hi Inc (NHIAX) $5,376.00 359.15 $5,735.15
PIMCO Unconstrained Bd Fd (PUCPX) $4,300.00 21.38 $4,321.38
PIMCO Total Return (PTTPX) $5,376.00 117.24 $5,493.24
Trowe Price Sm Cap (PASVX) $5,913.00 587.70 $6,500.70
Templeteon Global Bd (TGBAX) $5,393.77 204.07 $5,597.84
Virtus Emerg Mkt Opp (HIEMX) $3,225.00 34.10 $3,259.10
Wells Fargo Adv Intl (WFVDX) $4,300.00 513.13 $4,813.13
AQR Div Arbit Fd (ADANX) $5,376.00 32.71 $5,408.71
Total $107,528.32 $157,090.96

APRIL 2014 – FINANCIAL REPORT

2014 Budgeted Expenses
April 1 to April 30, 2014
April April YTD YTD YTD
ITEM Annual Approved Budget Amounts 2013 Historical Actual Income 2013 Historical 2014 Income 2014 Balance
INCOME *
GENERAL FUND 13,879.26 22,442.03 87,158.41 77,661.96
BUILDING FUND 4,432.00 4,768.00 18,181.00 17,205.00
DESIGNATED FUND 1,553.00 1,778.50 5,629.00 7,336.00
FAITH NEIGHBORHOOD CENTER 540.00 520.00 3,058.98 3,587.19
ALTAR FLOWERS 210.00 120.00 670.00 315.00
TOTAL 20,614.26 29,628.53 114,697.39 106,105.15
EXPENSES ** April Expenses April Expenses 2013 YTD Expenses 2014 YTD Expenses 2014 YTD Balance
SERVICE MINISTRIES
     Synod Mission Share 13,200.00 1,000.00 0.00 4,075.00 2,100.00 11,100.00
TOTAL 13,200.00 1,000.00 0.00 4,075.00 2,100.00 11,100.00
WORSHIP & MUSIC
     Supplies 1,450.00 172.70 194.73 907.38 265.69 1,184.31
     Florist 500.00 120.00 120.00 420.00 390.00 110.00
     Choir Music 1,500.00 125.00 0.00 64.41 0.00 1,500.00
     Instruments (Piano Tuning) 550.00 0.00 0.00 210.00 0.00 550.00
     Special Worship (Christian Seder) 0.00 0.00 0.00 0.00 0.00 0.00
     Fellowship 1,000.00 136.86 0.00 115.57 386.20 613.80
     Publicity 5,000.00 195.98 44.97 805.15 477.00 4,955.03
   Stewardship Emphasis 100.00 0.00 0.00 0.00 0.00 100.00
   Music License 1,050.00 0.00 185.00 0.00 675.00 865.00
TOTAL 11,150.00 750.54 314.73 1,601.79 2,193.89 8,956.11
EDUCATION/YOUTH & FAMILY
     Youth & Family Ministry 600.00 300.89 0.00 300.89 0.00 600.00
     Sunday School 600.00 12.95 0.00 241.13 0.00 600.00
     Vacation Bible School 700.00 0.00 0.00 0.00 0.00 700.00
     Conference & Retreats 2,000.00 0.00 0.00 265.00 0.00 2,000.00
     Confirmation 1,200.00 0.00 0.00 785.00 0.00 1,200.00
New Member Supplies 300.00 0.00 0.00 0.00 0.00 300.00
TOTAL 5,400.00 313.84 0.00 1,592.02 0.00 5,400.00
ADMINISTRATION
     Office Supplies 3,000.00 61.58 11.83 669.34 698.81 2,301.19
     Postage 800.00 0.00 0.00 259.29 99.00 701.00
     Banking, Filing, Membership Fees 325.00 19.40 29.05 175.13 163.75 161.25
     Copier 2,500.00 325.08 213.57 851.47 1,065.48 1,434.52
     Computer Licenses 200.00 0.00 375.46 0.00 0.00 200.00
Software Upgrades & Maintenance 1,000.00 0.00 0.00 0.00 0.00 1,000.00
     Payroll Processing Fee 0.00 97.68 0.00 199.53 0.00 0.00
     Subscription 500.00 220.90 86.25 0.00 121.20 378.80
TOTAL 8,325.00 724.64 716.16 2,154.76 2,148.24 6,176.76
PROPERTY
     Utilities 25,000.00 1,764.47 1,548.47 5,145.48 5,093.43 19,906.57
     Custodial Supplies 2,000.00 0.00 11.47 30.95 134.52 1,865.48
     Building Equipment & Repairs 15,000.00 0.00 500.02 108.01 1,122.62 13,877.38
     Lawn Maintenance 6,000.00 500.00 500.00 1,500.00 1,000.00 5,000.00
     Building & Grounds 8,000.00 0.00 656.68 377.00 1,605.50 6,394.50
     IT – Infrastructure 0.00 0.00 0.00 0.00 0.00 0.00
     Insurance 7,500.00 0.00 2,069.69 2,082.49 2,069.69 5,430.31
     County Taxes (Fire & Other) 1,500.00 0.00 0.00 0.00 0.00 1,500.00
   Playground Refurbishment 4,000.00 0.00 0.00 0.00 0.00 4,000.00
     Defibrillator Maintenance 200.00 0.00 0.00 0.00 0.00 200.00
     Monthly Mortgage 33,000.00 2,735.33 2,721.33 5,456.66 8,136.99 24,863.01
     Memorial Garden 1,000.00 0.00 0.00 0.00 1,000.00
TOTAL 103,200.00 4,999.80 8,007.66 14,700.59 19,162.75 84,037.25
PERSONNEL
STAFF
     Organist 3,100.00 600.00 675.00 2,625.00 1,650.00 1,450.00
     Secretary 20,020.00 1,534.00 1,201.98 4,482.95 6,312.42 13,707.58
     Bookeeper (contract) 4,000.00 276.00 246.00 858.00 738.00 3,262.00
     Custodian 11,340.00 830.76 701.20 2,583.77 2,907.66 8,432.34
     Choir Director (Music Director) 15,000.00 0.00 1,000.00 147.00 2,825.00 12,175.00
     Supply Pastor (Associate Pastor) 3,000.00 265.00 300.00 225.00 150.00 2,850.00
     Coordinator 25,190.00 0.00 0.00 0.00 0.00 25,190.00
     Supply Organist 1,400.00 0.00 0.00 0.00 0.00 0.00
     Workman’s Compensation 1,000.00 0.00 36.03 646.93 136.18 863.82
     Taxes – Employer Contribution 160.00 548.54 180.88 1,095.87 618.80 0.00
TOTAL 84,210.00 4,054.30 4,341.09 12,664.52 15,338.06 67,930.74
PASTOR’S SALARY AND BENEFITS
     Salary 31,800.00 2,446.16 2,040.16 7,073.98 8,561.56 23,238.44
     Housing Allowance 25,000.00 1,923.08 1,923.08 6,730.78 6,730.78 18,269.22
     Pension/Insurance 18,000.00 1,406.33 1,131.18 4,218.99 2,262.36 15,737.64
     Car Allowance 1,500.00 60.83 224.08 87.48 64.24 1,435.76
     Cell Phone 600.00 50.00 50.00 150.00 150.00 450.00
     Professional Allow $50/mo cumulative 1,127.00 87.95 72.67 150.00 116.15 528.26
   Synod Assembly/Conf of Ministry 1,200.00 0.00 0.00 0.00 0.00 1,200.00
TOTAL 79,227.00 5,974.35 5,441.17 18,411.23 17,885.09 60,859.32
CONTINGENCY 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL OPERATING EXPENSES 304,712.00 17,817.47 18,820.81 55,199.91 58,828.03 244,460.18
* Income is based on historically collected contributions
     Variations are due to time of tithing receipts
** Monthly budgeted expenses are based on 1/12th of annual budgeted amount

 

 

DESIGNATED SUMMARY SHEET FOR ALL ACCOUNTS
Apr-14
March Income Pass-Thru Expenses Balance
General Fund -8,812.32 29,295.53 5,946.50 18,820.81 -4,284.10
Building Fund 13,336.99 4,768.00
Designated Funds 49,407.54 1,778.50 1,188.72 49,407.54
Reserved Fund 20,000.00 0.00 20,000.00
Carry Forward Balance Payment Fees Balance as of April 2014  
Mortgage 449,651.42 2,721.33 448,428.93
Designated Funds Carry Forward Income Expenses Balance
Africa Dresses Project 197.49 197.49
Choice (Thrivent) 2,420.66 267.00 2,687.66
Confirmation Awards 0.00 0.00
Easter Lillies 0.00 218.05 394.80 -176.75
Faith Neighborhood Center 925.00 520.00 925.00 520.00
Good Shepherd Fund 4,614.13 4,614.13
IT Equipment/Software 100.00 100.00
Ladies Evening Circle 872.19 872.19
Major Building Repairs 28,750.00 28,750.00
Me Doll 374.36 200.00 574.36
Memorial Fund 3,136.94 300.00 3,436.94
Missions 300.00 300.00
Music 339.00 339.00
New Pastor Call Fund 11,565.91 11,565.91
Partitions 10.00 10.00
Scholarship Holding Fund 120.00 120.00
Staff Gifts 0.00 0.00
Souper Bowl 0.00 0.00
Vacation Bible School -222.85 -222.85
Virginia Circle 2,611.16 355.00 294.08 2,672.08
Youth Group 1,677.07 1,677.07

 

 

RAYMOND JAMES
As of 04/30/47
Beg. Bal -06/09/13 Cost Basis Change
Freedom Account ( 49843198)
Transferred into Edward Jones  Initial Investment of $75,000 $104,776.01
Money Market $2,149.55 -751.81 $1,397.74
Champlain Mid Cap (CIPMX) $4,569.00 452.69 $5,021.69
American Mutual Fd (AMRFX) $6,988.00 804.94 $7,792.94
Artisan Intl (ARTIX) $4,300.00 42,428.00 $46,728.00
Dodge & Cox Inc Fd (DODIX) $5,376.00 256.96 $5,632.96
Europacific Gr Fd (AEGFX) $4,300.00 512.48 $4,812.48
Perkins Mid Cap (JDPAX) $4,569.00 319.54 $4,888.54
JPMorgan US Large Cap (JLPSX) $8,601.00 1,144.48 $9,745.48
JP Morgan Core Bond (PGBOX) $6,451.00 147.60 $6,598.60
Clearbridge Equitye (SOPAX) $5,376.00 590.14 $5,966.14
Loomis Sayles Gr Fd (LSGRX) $6,988.00 890.21 $7,878.21
MFS Research Fund (MFRFX) $8,601.00 897.93 $9,498.93
Neuberger Berman Hi Inc (NHIAX) $5,376.00 359.15 $5,735.15
PIMCO Unconstrained Bd Fd (PUCPX) $4,300.00 21.38 $4,321.38
PIMCO Total Return (PTTPX) $5,376.00 117.24 $5,493.24
Trowe Price Sm Cap (PASVX) $5,913.00 587.70 $6,500.70
Templeteon Global Bd (TGBAX) $5,393.77 204.07 $5,597.84
Virtus Emerg Mkt Opp (HIEMX) $3,225.00 34.10 $3,259.10
Wells Fargo Adv Intl (WFVDX) $4,300.00 513.13 $4,813.13
AQR Div Arbit Fd (ADANX) $5,376.00 32.71 $5,408.71
Total $107,528.32 $157,090.96