Finance
Report
Below is a brief finance summary report as of May 31, 2025, versus the year-to-date 2025 budget.
If anyone has any questions regarding the report below, please contact the
chair of the Finance Committee, Brenda Olejnik (519-268-3385). The
questions will then be shared with the rest of the Finance Committee, and
as a group they will respond accordingly.
Dorchester United Church
Year To Date Profit & Loss Actual vs Budget
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May 31, 2025
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YTD Budget
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Over/Under Budget
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Income
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|
|
|
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General Offerings*
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26,757.24
|
30,416.67
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-3,659.43
|
|
Memorial Offerings
|
950.00
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0
|
950.00
|
|
Events
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12,005.25
|
7,916.67
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4,088.58
|
|
Other
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1,624.06
|
750.00
|
874.06
|
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Inv4estment Income
|
130.36
|
354.17
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-223.81
|
|
Total Income
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41,466.91
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39,437.51
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2,029.40
|
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Expenses
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65,610.85
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58,604.17
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7,006.68
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Net Income (Loss)
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-24,143.94
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-19,166.67
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* Includes online donations
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Net Loss Covered By: Cash – General Account + Investment Transfers
Summary
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May 31, 2025, YTD Net Loss of $24,143.94, over budget
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YTD Net Loss covered by - Cash from General Account + Investment Transfers
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Income below budget by $2029.40 (Includes Memorial Offerings)
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General Offerings below budget by $3659.43.
- Events above budget by $4088.58
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Expenses over budget by $7006.68
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Note: $2,559.08 of Equipment Expenses (not budgeted) paid from Memorial Account
Investments
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Investment transfers currently at a monthly withdrawal of $1,500
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Investment transfers YTD to meet/cover loss - $7,500
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Investments closing balance as of April 30, 2025 - $ 116,700.71 (Unrestricted Funds $61,313.32 + Restricted Funds $55,387.39)
Mission & Services
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Annual 2025 Target - $13,000
- May 31, 2025 - $5,597.50 versus YTD budget of $5,416.67
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