Actual
|
Budget
| |
Income | ||
| Offerings | $364,796 | $365,000 |
| Offerings - Redevelopment | $30,600 | - |
| Offerings - Special for Designated Donation | $8,028 | - |
| Rent & Others | $63,220 | $62,753 |
| Total Revenue | $466,644 | $427,753 |
Expense | ||
| Ministries (Incl. salaries of the pastoral staffs) | $198,910 | $203,867 |
| Administration (Incl. salaries of the admin staff) | $58,931 | $64,994 |
| Loan Payment | $95,000 | $92,000 |
| Loan Interest | $4,162 | $4,800 |
| Saving for Maintenance | - | - |
| Building & Grounds | $19,297 | $44,990 |
| Special Donation | $8,028 | - |
| Others | $11,026 | $17,630 |
| Total Expense | $395,354 | $428,281 |
| Restricted Fund | - | - |
| Balance | $71,290 | $528 |
Accounting Adjusting Entries | ||
| Amortization | ($28,434) | - |
| Loan Payment | 95,000 | - |
| Savings for Maintenance | - | - |
| Accounting Net Income (Loss) | $137,855 | - |
Loan | |||
Balance
|
CBWC Loans |
Congregational Loan
|
Total
|
Dec 2015
|
-
|
$248,588
|
$248,588
|
Dec 2016
|
-
|
157,450
|
157,450
|
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