Finance
Report
Below is a brief finance summary report as of Auguat 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
|
|---|
|
August 31, 2025
|
YTD Budget
|
Over/Under Budget
|
|
Income
|
|
|
|
|
General Offerings*
|
43,242.74
|
48,666.67
|
-5,423.93
|
|
Memorial Offerings
|
1000.00
|
0
|
1000.00
|
|
Events
|
21,840.15
|
12,666.67
|
9,173.48
|
|
Other
|
1,694.06
|
1,200.00
|
494.06
|
|
Investment Income
|
953.24
|
566.67
|
386.57
|
|
Total Income
|
68,730.19
|
63,100.01
|
5,630.18
|
|
Expenses
|
68,730.19
|
63,100.01
|
1,200.18
|
|
Net Income (Loss)
|
-26,236.66
|
-30,666.66
|
|
-
* Includes online donations
-
Net Loss Covered By: Cash – General Account + Investment Transfers
Summary
-
August 31, 2025, YTD Net Loss of $26,236.66, under budget
-
YTD Net Loss covered by - Cash from General Account + Investment Transfers
-
Income above budget by $5,630.18 (Includes Memorial Offerings)
-
General Offerings below budget by $5,423.93
- Events above budget by $9,173.48
-
Expenses over budget by $1,200.18
-
Note: $2,559.08 of Equipment Expenses (not budgeted) paid from Memorial Account
Investments
-
Investment transfers currently at a monthly withdrawal of $1,500
-
Investment transfers YTD to meet/cover loss - $12,000
-
Investments closing balance as of August 31, 2025 - $116,120.02 (Unrestricted Funds $60,732.63 + Restricted Funds $55,387.39)
Mission & Services
-
Annual 2025 Target - $13,000
- August 31, 2025 - $8,895.00 versus YTD budget of $8,666.67
|
