July 2011 Newsletter.pdf


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Financial Summary for May, 2011

Operating Statement
2011
Actual

2011
Budget

Variance, 2011
Budget vs Actual
Better/ (Worse)

%
variance

2010
Actual

Variance 2011
Vs 2010 Actual
Better/( Worse)

%
variance

Income

$283,224

$274,417

$8,807

3%

$269,745

$13,479

5%

40,236

30,352

9,884

33%

38,677

1,559

4%

$323,460

$304,769

$18,691

6%

$308,422

$15,038

5%

22,021

24,215

2,194

9%

23,605

1,584

7%

167,738

172,812

5,074

3%

172,592

4,854

3%

68,666

84,203

15,537

18%

77,242

8,576

11%

6,447

7,871

1,424

18%

6,359

(88)

-1%

36,559

36,559

0

0%

13,213

(23,346)

-177%

$301,431

$325,659

$24,228

7%

$293,011

($8,420)

-3%

$22,029

($20,891)

$42,920

205%

$15,411

$6,618

-43%

Cash surplus ā€“ prior years

27,407

27,407

25,306

2,101

2011 Cash Surplus/ (Deficit)

$49,436

$6,516

$40,717

$8,719

Pledged
Unpledged
Total Income

Expenses

Benevolence expenses
Personnel expenses
Ministry expenses
Administrative expenses
Property acquisition net costs
Total expense

2011 Year to date Surplus/
(Deficit)

Note payable,
Oxford University Bank

$1,254,623

$42,920

659%

21%

$1,333.984

ā€œIā€™m in for making paper airplanes out of
Hymnal pages...what are you in for?ā€
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