Actual
|
Budget
| |
Income | ||
| Offerings | $296,883 | $295,000 |
| Offerings - Special for Designated Donation | $3,349 | - |
| Rent & Others | $58,367 | $58,584 |
| Total Revenue | $358,599 | $353,584 |
Expense | ||
| Ministries (Incl. salaries of the pastoral staffs) | $189,831 | $193,136 |
| Administration (Incl. salaries of the admin staff) | $60,454 | $61,815 |
| Loan Payment | $74,000 | $50,000 |
| Loan Interest | $6,789 | $5,112 |
| Saving for Maintenance | - | - |
| Building & Grounds | $16,009 | $30,090 |
| Special Donation | $2,785 | - |
| Others | $8,536 | $14,225 |
| Total Expense | $358,404 | $354,378 |
| Restricted Fund | - | ($500) |
| Balance | $195 | ($1,294) |
Accounting Adjusting Entries | ||
| Amortization | ($31,647) | - |
| Loan Payment | 74,000 | - |
| Savings for Maintenance | - | - |
| Accounting Net Income (Loss) | $42,548 | - |
Loan | |||
| CBWC Loans |
Congregational Loan
|
Total
| |
| Dec 2013 |
-
|
$382,238
|
$382,238
|
Dec 2014
|
-
|
$314,469
|
$314,469
|
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