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FINANCIAL PERFORMANCE - Foursquare Southwest District - The

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FINANCIAL PERFORMANCE - Foursquare Southwest District - The Powered By Docstoc
					Foursquare Church
Member’s Meeting
    AGENDA
•   Prayer and opening remarks

•   Introduce current church council members and new nominees

•   Ratification vote for new council members

•   Review Treasurer’s report followed by Q&A session

•   Review other new business

•   Announce the results of ratification vote for new council members

•   A word from our pastor

•   Prayer and adjourn meeting
CURRENT COUNCIL MEMBERS
     • Bugs Bunny – President of Warner
       Bros and ministry team leader for
       volunteer church administration


     • Daffy Duck – Treasurer & board
       member for The Pond Homeowner’s
       Assn.



     • Porky Pig – Founder and CEO of the
       Triconosis Foundation
NEW CHURCH COUNCIL NOMINEES

     • Elmer Fudd – Comptroller for the
       NRA and VBS leader in kid’s
       ministry


     • Scrooge Mc Duck – Chief
       Financial Officer of Disney Credit
       Union and member of the greeting
       team
TREASURER’S REPORT
               --Fiscal Year 20XX
                                      TREASURER’S REPORT


TREASURER’S REPORT OVERVIEW


•Annual Operating Plan (Summary)
•Summarized Statement of Income and Expenses
•Year-to-Date Budget vs. Actual Activity
•Campus Development Project Expense Summary
•Disposition of Funds Report
•Annual Income and Expense Trend Analysis
•Q&A Session
 2005 ANNUAL OPERATING PLAN

Budgeted Operating Income & Expenses - (General)                %

Tithes & Offerings                                 $   50,000   100%
                                                                        Estimated based
   Overhead                                                              on prior years
                                                                        growth statistics
      Extension Tithe                      5,000                10%
      Personnel Expenses                  15,000                30%
      General & Administrative             2,500                 5%
   Total Overhead Expenses                22,500                45%
                                                                         In compliance
   Holidays and Events                     2,000                 4%     with Foursquare
                                                                             Bylaws
   Special Projects                        4,000                 8%
   Departmental operating expenses        10,000                20%
   Unbudgeted Items                        2,000                 4%
Total Operating Expenses                               40,500   81%     Normal monthly
                                                                          spending on
   Net increase in assets                          $    9,500   19%    recurring ministry
                                                                         specific needs
      Allocate to General Reserve                  $    5,000   10%
      Allocate to Building Fund Reserve            $    4,500    9%
Y-T-D Statement of Income & Expenses

Actual Operating Income & Expenses

Tithe s & Offe rings                                 $   75,000
  Ove rhe ad
       Exte ns ion Tithe                     7,500
       Pe rs onne l Expe ns e s             15,000
       Ge ne ral & Adm inis trative          6,000
  Total Ove rhe ad Expe ns e s              28,500
  Holidays and Eve nts                      15,000
  Spe cial Proje cts                         3,000

  De partm e ntal ope rating e xpe ns e s   13,500
  Unbudge te d Ite m s                       3,500

Total Ope rating Expe ns e s                             63,500


   Net increase in assets                            $   11,500
YTD OPERATIONS ANALYSIS                                                TREASURER’S REPORT

Budget vs. Actual Comparison
                                             BUDGET        ACTUAL       VARIANCE      %
Tithes & Offerings                         $    50,000   $    75,000    $  25,000     50 %
   Overhead
      Extension Tithe                            5,000         7,500         2,500     50   %
      Personnel Expenses                        15,000        15,000           -        0   %
      General & Administrative                   2,500         6,000         3,500    140   %
   Total Overhead Expenses                      22,500        28,500         6,000     27   %
  Holidays and Events                            2,000        15,000        13,000    650 %
  Special Projects                               4,000         3,000        (1,000)   (25) %
  Departmental operating expenses               10,000        13,500         3,500    35 %
  Unbudgeted Items                               2,000         3,500         1,500    75 %

Total Operating Expenses                        40,500        63,500        23,000    57 %

   Net increase in assets                  $     9,500   $    11,500    $    2,000    21 %

      Allocated to General Reserve         $     5,000   $     6,000    $    1,000
      Allocated to Building Fund Reserve   $     4,500   $     4,500    $      -
 CAMPUS PROJECT EXPENSE SUMMARY                                            TREASURER’S REPORT

                                                                            % of Budget      %
Project Phase                        Budget      Actual     Variance           Used       Complete

Phase 2: Office Architectural    $      9,800   $ 10,700    $      (900)         109%        100%

Phase 3: Kids Wing Upgrades             2,600      2,600            -            100%        100%

Phase 4: Office Construction          316,900    322,800         (5,900)         102%         99%

Phase 5: Temp Youth Center &
Campus Master Planning                247,100    255,100         (8,000)         103%        100%

Phase 6: Treasure Island - Construction
     Construction                    400,800     113,600        287,200           28%         33%
     Exterior Modification            28,000         900         27,100            3%          3%
     Base Interior Décor              33,000       2,600         30,400            8%          8%
     A/V systems & lighting           51,000         -           51,000            0%          0%
     Misc & Contingency               23,300       4,200         19,100           18%          n/a
     Total                           536,100     121,300        414,800           23%         25%

Phase 7: Childrens Center -
Interiors & Furnishings                90,000        500         89,500             1%         1%

GRAND TOTAL EXPENSES             $ 1,202,500    $ 713,000   $ 489,500              59%         61%
DISPOSITION OF FUNDS REPORT                           TREASURER’S REPORT



                        Beginning                             Ending
  Fund Balances
                         Balance       Inflows    Outflows   Balance
                         1/1/2005                            9/30/2005
  Benevolence Fund       $        0       1,100        700   $     400
  Building Fund              (4,100)   437,300     400,200       33,000
  Flow Through Fund               0      75,600     69,100        6,500
  Missions Fund               9,000      96,300     93,000       12,300
  Miscellaneous Funds         2,600       2,600      2,600        2,600
  General Fund               46,400      55,000     45,000       43,500
    General Reserve               0      52,300          0       52,300
    Building Reserve              0      89,500          0       89,500

  Total Fund Balances   $ 53,900                             $ 240,100
ANNUAL INCOME TREND ANALYSIS                      TREASURER’S REPORT

                      Tithes & Offerings
                         (in thousands)



                                           $210


                                 $154


                       $114

                $76




                '06    '07        '08      '09
ANNUAL INCOME TREND ANALYSIS                  TREASURER’S REPORT

                     Building Fund
                      (in thousands)

                                       $433




                               $285




                     $82
               $33



               '06    '07       '08    '09
ANNUAL INCOME TREND ANALYSIS                 TREASURER’S REPORT

                     Missions Fund
                      (in thousands)



                                       $96




                               $49

               $35   $33




               '06   '07       '08     '09
 ANNUAL EXPENSE TREND ANALYSIS                               TREASURER’S REPORT




      Overhead                  Variable Expenses            Bldg. Renovations
      (in thousands)                (in thousands)               (in thousands)

                                                     $36
                       $161                                                       $384
                                            $33


              $115

       $87
                              $16   $17
                                                                         $172
$56

                                                                  $90

                                                           $24



'06    '07     '08     '09    '06   '07     '08      '09   '06    '07     '08     '09
QUESTION & ANSWER
     SESSION

				
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posted:1/15/2012
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