Good Samaritan Episcopal Church

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Treasurer's Report
Summary of September 2011
Financial Activity of Operating Fund

	This month	Year to Date
Income	$46,556	$418,375
Expenses	$52,365	$416,661
Operating increase or (decrease)	$ (6,083)	$1,764

The September income to the Operating Fund was very close to what we had expected.  The $7,300 decrease in the value of our investments was almost matched by a $1,900 refund from our insurance policy and a $6,100 increase in the equity in our real estate.  Our total income for the month was about $46,556.

Our Staff expenses were about $2,800 less than budgeted primarily due to our Director of Parish Life and our Music Director working fewer hours than had been planned for them.  Our Property expenses were about $8,300 more than budgeted due primarily to the expense of getting our trees trimmed and an unexpected insurance bill.  Our total expenses for the month were about $56,648.

So far this year, our income has exceeded our expenses by about $1,765.  We're still in the black (will miracles never cease?).

End of the Quarter

I didn't produce the third quarter statements this year.  If anybody wants theirs, just ask me and I can print one for you (or I could email it to you if you wanted that way).

If you have questions, please feel free to ask me.

Arthur Kassebaum,
Treasurer

	This Month	Year to Date
Income	$50,540	$371,820
Expenses	$44,526	$359,963
Operating Increase or (decrease)	$6,014	$11,857

The August income to the Operating Fund was over $7,500 more than we had budgeted for the month. This nice situation was primarily due to a large set of donations to the offering (I suspect that there were some people catching up on their yearly pledges). There were also a $4,400 unplanned support for our associate, about $6,300 decrease in the value of our investments, and about $1,100 increase in the equity in our real estate.  Our total income for the month was about $50,540.

Our Clergy expenses this month were about $1,000 less than budgeted, due to the lower costs associated with our new curate than we had anticipated.  Our Staff expenses were about $2,500 less than budgeted due to our Director of Parish Life, our Music Director, and our Bookkeeper working fewer hours than had been planned for them.  Our Administrative expenses were about $1,700 less than expected and our Property expenses were about $1,400 more than budgeted.  Our total expenses for the month were about $44,526.

So far this year, our income has exceeded our expenses by about $11,857.

Budget Time!

It's getting to be that time of year again when we need to be planning for how we are going to operate next year.  If you have any items that you know should be included in next year’s budget, please let Jane Davis or me know soon.  We are also looking for items that may only be on your wish list.  We will endeavor to make the very best use of the money that is received next year. 

Our first budget presentation is scheduled for Sunday October 9th after the 9:30 service.  At that time we will present the compilation of the information that we have received up to that date (our "Dream" budget).  After that we will plan to begin our drive to get the necessary funding for the proposed budget.

If you have questions, please feel free to ask me.

Arthur Kassebaum,
Treasurer
 

	This month	Year to Date
Income	$41,927	$321,280
Expenses	$48,159	$315,487
Operating increase or (decrease)	$(6,232)	$5,793

The July income to the Operating Fund was a little more than $1,000 less than we had budgeted for the month. The big items were $4,400 unplanned support for our associate, about $7,400 decrease in the value of our investments, and about $2,200 increase in the equity in our real estate.  Our total income for the month was about $41,900.

Our Clergy expenses this month were about $2,900 less than budgeted, primarily due to the fact that we have not yet begun to pay the pension premium for our newly hired curate (this won’t be the case for very long).   Our Staff expenses were about $4,200 less than budgeted due to both our Director of Parish Life and our Music Director not using all the hours that had been planned for them.  Our Property expenses were about $1,300 less than budgeted caused by many factors.  Our total expenses for the month were about $48,200.

So far this year, our income has exceeded our expenses by about $5,800. 

If you have questions, please feel free to ask me.

Arthur Kassebaum,
Treasurer
 

	This month	Year to Date
Income	$44,602	$279,053
Expenses	$49,297	$267,328
Operating increase or (decrease)	$ (4,695)	$11,725

The June income to the Operating Fund was about $1,700 less than we had budgeted for the month. This was primarily due to a decrease in the value of our investments.  About half of this was offset by the reduction of the mortgage principal.  Our total income for the month was about $44,600.

Our Clergy expenses this month were about $2,200 less than budgeted, primarily due to the fact that we have not yet begun to pay the health insurance for our newly hired curate (this won’t be the case for very long).   Our Staff expenses were about $1,600 less than budgeted and our Administration expenses were about $1,400 less than budgeted.  Our Property expenses were about $2,800 more than budgeted due to more unexpected maintenance items that had to be taken care of.  Our Debt Service expenses were about $1,000 more than expected due to fewer Building Fund donations having come in.  Our Ministry expenses were about $1,900 less than budgeted.  Our total expenses for the month were about $49,300.

So far this year, our income has exceeded our expenses by about $11,700.   Let's keep this up!

If you have questions, please feel free to ask me.
Arthur Kassebaum,
Treasurer