2023 Draft Budget

money and puzzle pieces
    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6100 · Offices1426 E. Michigan Ave no longer applicable     0.00   0.00    $                320
6000 · HOLMES St. Building Expenses no longer applicable     0.00   0.00    $                743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