The financial report for March consists of the following Excel spreadsheets (attached):
Income-Expense Report—March 2019
Monthly Income vs. Expenses for 2019
Monthly Pledge & Loose Totals (2019)
An analysis of March’s income and expense totals shows that income was about $6,016 over budget and expenses were $1,257 over budget resulting in a cash surplus for March of $4,479. For the year to date, our operating income is $4,994 over the budgeted amount for three months and our operating expenses are $2,059 over budget resulting in a cash surplus thru the 1st quarter of 2019 of $2,485.
In regard to income for March, we received a total of $16,433 in pledges over five (5) Sundays, which was $6,170 (+60.12%) above the budgeted amount of $10,263 per month, while the loose offering received was about 128.47% of the budgeted figure ($749/$583). For pledges and loose offering combined, we received a total of $17,182, which is about 158.40% of the budgeted amount of $10,847. Part of this overage for March can be attributed to there being 5 Sundays in the month. However, about $7,100 of the overage was a direct result of one parishioner completing their pledge in a lump sum for the year for tax purpose. Revenue from fund-raising activities totaled $380.10 for March, all from the Hannaford Card sales. This was below the budgeted amount by 18.63% ($380/$467).
