Treasurers Report for End of September 2011
Fiscal year, we have received total revenues of $183,356 which represents 32% of the revenue budgeted for the year. Total revenues for the first three months of this fiscal year were approximately 6% higher than the amount received in the same period last year.
Our current year pledges after three months equal 27% of the amount budgeted for the year, but nevertheless they are about 12% lower than in the same period last year. After three months, we have also received 57% of the amount budgeted for the year for unpledged donations. In September we recorded another $7,020 in fundraising income from the yard sale so that overall we have now received $16,458 which represents 72% of the annual amount budgeted for fundraising. For just the month of September, our total revenues were $45,998.
After three months our total expenses were $151,771 which represents 27% of our annual budgeted expenses. For just the month of September, our expenses were $42,915 so our revenues exceeded our expenses by $3,083. For the three months combined, our revenues exceeded expenses by $31,585.
With respect to expenses, Lay Leadership Training costs in September were $1,148 to cover food and refreshments and materials at the Saturday, September 10, church meeting on Cultivating Connections. This amount represents 177% of the amount budgeted for the year. $383 was spent on office expenses, most of which represents the cost of a new church telephone system. $1,164 was spent on computer maintenance, most of which was for wiring for internet access and for new or upgraded software. 556 was spent on church grounds maintenance, the majority of which was for trimming tree branches.
With respect to our balance sheet, $10,000 was moved from the cumulative operating fund to the building reserve account.
After three months we still appear to be in a reasonable overall financial position. While our revenues are about 6% higher than at this time last year, our expenses are about 31% higher than they were at this time last year. Also, as noted above, our pledge revenue receipts are below the amount received last year. Nevertheless, I believe it is appropriate to be cautiously optimistic about our financial condition.
Doug Webbink, Treasurer