INCOME STATEMENT 2008 by lxm94617

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									                                                    Free Will Baptist Church of Townsend
                                                              Income Statement
                                                               March 31, 2008



                      Current        Current         MTD             Year to         Year to          YTD            Left to          2008
                      Actual         Budget         Variance         Actual          Budget          Variance        Spend           Budget
REVENUES
Tithes & Offerings          75,655         60,693          14,962         181,948          153,386          28,562        440,552        622,500
Youth Group                    531              0             531           2,749                0           2,749         (2,749)             0
Benevolence                    500              0             500           4,261                0           4,261         (4,261)             0
Couples Retreat                  0              0               0               0                0               0              0              0
LSI                             50              0              50              50                0              50            (50)             0
Sunday School                    0              0               0              80                0              80            (80)             0
Ladies Ministries              138              0             138             181                0             181           (181)             0
Children's Ministry             72              0              72             159                0             159           (159)             0
Foreign Missions               353              0             353           1,218                0           1,218         (1,218)             0
Anthony Edgemon                 35              0              35             100                0             100           (100)             0
Jay Merritt 2007                25              0              25             100                0             100           (100)             0
Youth for Christ                50              0              50              50                0              50            (50)             0
Camp                           150              0             150           2,270                0           2,270         (2,270)             0
Home Missions                  353              0             353           1,218                0           1,218         (1,218)             0
Soda                            67              0              67              67                0              67            (67)             0
Don Bailey                      25              0              25             100                0             100           (100)             0
Bill Reynolds 2006               0              0               0              10                0              10            (10)             0
Mission Trip                 1,436              0           1,436           2,275                0           2,275         (2,275)             0
Love Offering                2,020              0           2,020           2,425                0           2,425         (2,425)             0
Weddings                       150              0             150             350                0             350           (350)             0
DVD/CD/TAPE                     94              0              94              98                0              98            (98)             0
Drama                            0              0               0             125                0             125           (125)             0
Counseling Outreach             35              0              35              35                0              35            (35)             0
Music                            0              0               0             100                0             100           (100)             0
Teen Retreat                    75              0              75              75                0              75            (75)             0
Men's Softball Team          1,290              0           1,290           1,540                0           1,540         (1,540)             0
Creation Museum                 50              0              50              50                0              50            (50)             0
Church Insurance               235              0             235             235                0             235           (235)             0

TOTAL REVENUES              83,389         60,693          22,696         201,867          153,386          48,481        420,633        622,500



GROSS REVENUES              83,389         60,693          22,696         201,867          153,386          48,481        420,633        622,500




6/3/2010 at 7:14 PM                                                                                                                                Page: 1
                                                            Free Will Baptist Church of Townsend
                                                                      Income Statement
                                                                       March 31, 2008



                            Current         Current          MTD                Year to         Year to          YTD                Left to          2008
                            Actual          Budget          Variance            Actual          Budget          Variance            Spend           Budget
TOTAL SALARIES                     21,117          21,203                (86)          63,351          63,610              (259)          191,089        254,440



BENEFITS
Health Insurance                   4,735           4,735                  (0)         27,404          27,405                  (1)         42,616          70,020
FICA                                 469             469                   0           1,408           1,408                   0           4,225           5,633

TOTAL BENEFITS                     5,204           5,204                  (0)         28,812          28,813                  (1)         46,841          75,653



STAFF SUPPORT
Staff Conference                   1,726             667               1,060           4,106           2,000               2,106           3,894           8,000
Staff Education                      645             500                 145           1,530           1,500                  30           4,470           6,000
Sr. Pastor Nat. Conv.                  0               0                   0               0               0                   0           2,000           2,000

TOTAL STAFF SUPPORT                2,371           1,167               1,205           5,636           3,500               2,136          10,364          16,000



CHRISTIAN EDUCATION
LSI                                   51             167               (116)             500             500                   0           1,500           2,000
Sunday School                        124               0                124              820             967                (147)          3,180           4,000
VBS                                    0               0                  0              139               0                 139           4,861           5,000
Youth Group                          744             525                219            4,482           1,575               2,907           1,818           6,300
Children's Ministry                  604             700                (96)           2,034           2,100                 (66)          6,366           8,400

TOTAL CHRISTIAN EDUCATION          1,523           1,392                132            7,976           5,142               2,834          17,724          25,700




6/3/2010 at 7:14 PM                                                                                                                                                Page: 2
                                                                          Free Will Baptist Church of Townsend
                                                                                    Income Statement
                                                                                     March 31, 2008



                                      Current           Current            MTD              Year to           Year to            YTD               Left to              2008
                                      Actual            Budget            Variance          Actual            Budget            Variance           Spend               Budget
FOREIGN MISSIONARIES (10 YR COMMIT)
New Missions Haiti                               167               167                 0               500               500                  0               1,500             2,000
Jeff Turnbough                                   167               167                 0               500               500                  0               1,500             2,000
Matthew & Brooke Turnbough                       167               167                 0               500               500                  0               1,500             2,000
Anthony Edgemon                                  202               167                35               565               500                 65               1,435             2,000
Indigenous Missionaries                          200               200                 0               600               600                  0               1,800             2,400

TOTAL FOREIGN MISSIONS                           902               867                35              2,665             2,600                65               7,735         10,400



HOME MISSIONARIES (3 YR COMMIT)
Dana Booth 2008                                   167              167                 0                500               500                  0              1,500             2,000
Jay Merritt 2007                                  504              504                 0              1,538             1,513                 25              4,512             6,050
Alan Hall 2007                                    167              167                 0                500               500                  0              1,500             2,000
Tommy Jones 2007                                  167              167                 0                500               500                  0              1,500             2,000
Benevolence                                     1,037              500               537              3,185             1,500              1,685              2,815             6,000
Bill Reynolds 2006                                177              167                10                510               500                 10              1,490             2,000

TOTAL HOME MISSIONS                             2,218             1,671              547              6,733             5,013              1,720             13,317         20,050



ORGANIZATIONAL MISSIONARIES
Youth for Christ                                  450               450               0               1,455             1,350             105                 3,945             5,400
Home Missions                                   1,040               450             590               2,215             1,350             865                 3,185             5,400
Foreign Missions                                1,040               450             590               2,215             1,350             865                 3,185             5,400
Townsend Fire Company                             301                 0             301                 301                 0             301                     0               301
Amazing Grace Ministries                          150               150               0                 450               450               0                 1,350             1,800
FWB College TN                                     83                83               0                 250               250               0                   750             1,000
FWB College NC                                     83                83               0                 250               250               0                   750             1,000
New Church Seed Money                               0             1,200          (1,200)                  0             1,200          (1,200)                1,200             1,200
Mid Atlantic Conference                             0                 0               0                   0                 0               0                 2,400             2,400
Counseling Outreach Ministry                       30               125             (95)              2,524               375           2,149                (1,024)            1,500
EE Training/Faith Evangelism                        0               217            (217)                  0               650            (650)                2,600             2,600
Liberty Baptist Fellowship                         67                67               0                 200               200               0                   600               800
Door of Hope                                      150               150               0                 450               450               0                 1,350             1,800
Jeana Beno - IVCF                                 150               150               0                 450               450               0                 1,350             1,800
FWB Gateway Christian College                      83                83               0                 250               250               0                   750             1,000

TOTAL ORGANIZATIONAL MISSIONARIES               3,628             3,658              (31)         11,010                8,575              2,435             22,391         33,401




6/3/2010 at 7:14 PM                                                                                                                                                                     Page: 3
                                                                  Free Will Baptist Church of Townsend
                                                                            Income Statement
                                                                             March 31, 2008



                              Current           Current            MTD               Year to           Year to            YTD                Left to             2008
                              Actual            Budget            Variance           Actual            Budget            Variance            Spend              Budget
MINISTRY PROGRAMS
Ladies Ministries                        300               418               (118)             1,663             1,253                410               3,347            5,010
Music                                    811               417                395              2,199             1,250                949               2,801            5,000
Church Fellowships                         0                 0                  0                  0                 0                  0               1,000            1,000
Camp                                      25                 0                 25              1,150                 0              1,150               1,850            3,000
Men's Ministries                           0               192               (192)               300               575               (275)              2,000            2,300
Men's Retreat Speaker                      0                 0                  0                  0               300               (300)              1,500            1,500
Deacon's Outreach                         59               167               (108)               181               500               (319)              1,819            2,000
Visitor Ministry                           0               101               (101)               193               302               (110)              1,017            1,210
Financial Counseling                       0                42                (42)                 0               125               (125)                500              500
Special Speaker                            0               146               (146)               134               437               (303)              1,616            1,750
Library                                    0                17                (17)                 0                50                (50)                200              200
College & Career Ministries                0                58                (58)                80               175                (95)                620              700
Hosting Expense                            0               100               (100)               677               300                377                 523            1,200
Internet                                 539                88                451                761               263                498                 289            1,050
Tape & CD Ministry                         0               250               (250)                 0               750               (750)              3,000            3,000
Decorating Committee                     219               125                 94                342               375                (33)              1,158            1,500

TOTAL MINISTRY PROGRAMS                 1,953             2,118              (165)             7,679             6,655              1,024              23,241        30,920



FACILITIES
Gas                                     2,575             1,600               975              6,259             4,800           1,459                  3,341         9,600
Phone                                     186               160                26                560               480              80                  1,360         1,920
Electric                                  943             1,058              (115)             2,898             3,175            (277)                14,602        17,500
Kitchen Supplies                          190               100                90                190               300            (110)                 1,010         1,200
Fire Alarm                                336               114               222                336               341              (5)                 1,029         1,365
Building Maintenance                      620               700               (80)             1,863             2,100            (237)                 6,537         8,400
Church Insurance                            0                 0                 0                  0                 0               0                  9,514         9,514
Trash Removal                             231               225                 6                692               675              17                  2,008         2,700
Grounds                                     0               458              (458)                 0             1,375          (1,375)                 5,500         5,500
Lavatory Cleaning Supplies                737               133               604                816               400             416                    784         1,600
Parking Lot Lease                         250               250                 0                750               750               0                  2,250         3,000
Custodian                               1,217             1,217                 0              3,750             3,650             100                 10,850        14,600

TOTAL FACILITIES                        7,286             6,015              1,271         18,115            18,046                   69               58,784        76,899




6/3/2010 at 7:14 PM                                                                                                                                                              Page: 4
                                                                   Free Will Baptist Church of Townsend
                                                                             Income Statement
                                                                              March 31, 2008



                               Current           Current            MTD               Year to           Year to              YTD               Left to              2008
                               Actual            Budget            Variance           Actual            Budget              Variance           Spend               Budget
ADMINISTRATIVE
Office Supplies/Improvements               350               542              (192)             1,704             1,625                  79               4,796          6,500
Copier Lease/Supplies/Maint                962               689               273              2,533             2,068                 465               5,737          8,270
Bulletins                                  292               173               119                575               519                  56               1,501          2,076
Advertisement                              305               183               122                464               549                 (85)              1,731          2,195
Newsletters                                  0                58               (58)                 0               175                (175)                700            700
Copy Right                                   0               485              (485)                 0               485                (485)                485            485
Accounting Services                      1,583             1,583                 0              4,750             4,750                   0              14,250         19,000

TOTAL ADMINISTRATIVE                     3,491             3,713              (222)         10,026            10,170                   (144)             29,200         39,226



SAVINGS
Capital Improvements                     3,619             3,619                 0              7,238             7,238                   0              32,573         39,811

TOTAL SAVINGS                            3,619             3,619                 0              7,238             7,238                   0              32,573         39,811



UNBUDGETED EXPENSES
Couples Retreat                             0                 0                  0                 0                   0                 0                    0             0
Mission Trip                                0                 0                  0               600                   0               600                 (600)            0
Weddings                                    0                 0                  0               100                   0               100                 (100)            0
Soda                                       36                 0                 36                74                   0                74                  (74)            0
Don Bailey                                 75                 0                 75                75                   0                75                  (75)            0
Bank Charges                               43                 0                 43                97                   0                97                  (97)            0

TOTAL UNBUDGETED                          154                 0                154               946                   0               946                 (946)            0




Total Expenses                       53,467            50,628                 2,839        170,187           159,362               10,825           452,313            622,500

Net Income                           29,921            10,065             19,857            31,680                (5,976)          37,656            (31,680)               0




6/3/2010 at 7:14 PM                                                                                                                                                              Page: 5

								
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