
2023 Budget | Actuals | Last Year's Budget | Actuals | |||||
Budget Assumptions | for Membership approval | Jan - Dec 22 | 2022 Budget | Jan - Dec 21 | ||||
Ordinary Income/Expense | ||||||||
Income | ||||||||
4000 · General Fund Income | 5% increase in donations | $ 157,669 | 150,131.87 | $ 140,000 | $ 128,034 | |||
4000A · Bank Interest Income | $ 100.00 | 369.73 | 300 | $ 244 | ||||
4050 · USC of L Classes, Wksp, Seminar | LOW % FACILITATOR EXPENSES IN 2022 | $ 7,500.00 | 8,795.02 | $ 5,400 | $ 2,534 | |||
4060 · Facility Use Income | 50% increase | $ 3,200.00 | 2,441.01 | $ 1,500 | $ 1,040 | |||
4090 · Bequests and Memorials | unbudgeted | 58.07 | $ - | |||||
4500 · Restricted Fund Income | zero budget impact | -295.96 | $ 1,406 | |||||
4600 · Bookstore Sales | minimal | 373.00 | 400 | $ 368 | ||||
Total Income | $ 168,940 | 161,872.74 | $ 154,700 | $ 133,626 | ||||
Cost of Goods Sold | ||||||||
4150 · Bookstore Purchases | 53.70 | $ 300 | $ 294 | |||||
Total COGS | 53.70 | $ 300 | $ 294 | |||||
Gross Profit | $ 168,940 | 161,819.04 | $ 147,300 | $ 133,331 | ||||
Expense | ||||||||
6100 · Offices1426 E. Michigan Ave | no longer applicable | 0.00 | 0.00 | $ 320 | ||||
6000 · HOLMES St. Building Expenses | no longer applicable | 0.00 | 0.00 | $ 743 | ||||
6200 · 2395 Washington Rd | Set Costs: utilities, insurance, maintenance | $ 32,304 | $ 34,472.90 | $ 22,830 | $ 23,169 | |||
66000 · Payroll Expenses | $ - | $ - | ||||||
7000 · Ministry Operating Expenses | Minister, Administration, Office | $ 104,699 | $ 103,569.30 | $ 102,939 | $ 97,651 | |||
7800 · Tithe Expenses | 10% of income | $ 16,894 | $ 17,160.32 | $ 14,760 | $ 14,347 | |||
8000 · Mission Fulfillment/Team Expense | Band, Sunday Services, Fellowship/kitchen - 2021 was 9 months expenses | $ 31,050 | $ 30,741.47 | $ 32,241 | $ 24,959 | |||
Total Expense | $ 184,947 | $ 185,943.99 | $ 172,770 | $ 161,190 | ||||
Net Ordinary Income | $ (16,491) | $ (24,125) | $(25,470) | $ (27,859) |
Historical Income and Expenses | 2020 | 2019 | 2018 | 2017 | 2016 | ||||
Income | $ 140,020 | $ 179,181 | $ 168,800 | $ 175,947 | $ 168,838 | ||||
Expenses | $ 134,187 | $ 169,123 | $ 158,090 | $ 159,916 | $ 149,320 | ||||
Net Ordinary Income | $ 5,833 | $ 10,058 | $ 10,710 | $ 16,031 | $ 19,518 | ||||
year of quarantine | year of fire | ||||||||
Insurance Monies 2020, 2019 | Other Income | $ 327,364 | $ 568,989 | $ 35,878 | $ 1,670 | $ 129,183 | |||
Other Expenses | $ 151,952 | $ 197,399 | $ 52,943 | $ 5,544 | $ 15,785 | ||||
Net Other Income | $ 175,412 | $ 371,590 | $ (17,065) | $ (3,874) | $ 113,398 | ||||
NET INCOME | $ 181,245 | $ 381,648 | $ (6,355) | $ 12,157 | $ 132,916 |