| Budgeted | Actual | Variation | ||
|---|---|---|---|---|
Donations |
$63,396.04 | $84,678.76 | 33.57% | |
| Salary & Housing | $31,512.00 | $31,512.00 | 0.00% | |
| Benefits* | $15,456.00 | $16,878.67 | 9.20% | |
| Ministry Expenses | $8,820.00 | $8,304.90 | -5.84% | |
| CRM Services** | $7,608.04 | $10,122.12 | 33.05% | |
| Giving Away Surplus*** | $0.00 | $8,000.00 | ||
Total Expenses |
$63,396.04 | $74,817.69 | 18.02% | |
Balance |
$0.00 | $9,861.07**** | ||
* Benefits include: contribution to InnerCHANGE CrossWalk Fund for leaders emerging from our communities, mandatory minimum retirement contribution, taxable mileage, health insurance, disability insurance, liability insurance, worker's compensation, and transfers to furlough, conference, and medical savings accounts. ** Note that CRM Services is over by nearly the same percentage as the total Donations. This is because the assesment is a percentage of our total donations. *** Someone once asked us, "What happens if you fundraise more than you need? Do you get to keep it as salary?" I wish! According to the rules we can either keep it in our account or fund ministry with it but it's not our personal money. We've decided that we will keep some extra in the account as a buffer (because our support level tends to fluctuate) but give away most of it to support ministry that is somehow related to or similar to ours. For example, this $8,000 was given to Steps of Hope, an InnerCHANGE program pairing at-risk youth with local Christian mentors. ****After tabulating our year end finances, we realized we still hadn't given enough away so $4,999.99 was given to the Theological Education by Extension society in Cambodia and another $5,000 to to Steps of Hope. These were given in January 2008 and will be reflected in the next Year End Review. |