Actual
|
Budget
| |
Income | ||
| Offerings | $284,636 | $266,000 |
| Offerings - Special for Designated Donation | $7,232 | - |
| Rent & Others | $56,486 | $56,634 |
| Total Revenue | $348,354 | $322,634 |
Expense | ||
| Ministries (Incl. salaries of the pastoral staffs) | $178,814 | $180,854 |
| Administration (Incl. salaries of the admin staff) | $56,776 | $57,146 |
| Loan Payment | $107,014 | $46,000 |
| Loan Interest | $4,231 | $4,600 |
| Saving for Maintenance | $10,000 | - |
| Building & Grounds | $26,911 | $28,680 |
| Special Donation | $7,032 | - |
| Others | $4,009 | $5,050 |
| Total Expense | $394,787 | $295,470 |
| Restricted Fund | - | ($1,255) |
| Balance | ($46,433) | ($951) |
Accounting Adjusting Entries | ||
| Balance | ($46,433) | - |
| Amortization | ($33,242) | - |
| Loan Payment | $107,014 | - |
| Accounting Net Income (Loss) | $27,339 | - |
Loan | |||
| CBWC Loans |
Congregational Loan
|
Total
| |
| Dec 2012 |
$22,014
|
$465,928
|
$487,942
|
Dec 2013
|
-
|
$382,238
|
$382,238
|
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