Finance
Report
Below is a brief finance summary report as of October 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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Oct. 31, 2025
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YTD Budget
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Over/Under Budget
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Income
|
|
|
|
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General Offerings*
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63,362.74
|
60,833.33
|
2,529.41
|
|
Memorial Offerings
|
1000.00
|
0
|
1000.00
|
|
Events
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22,740.15
|
15,833.33
|
6,906.82
|
|
Other
|
2,149.42
|
1,500.00
|
649.42
|
|
Investment Income
|
953.24
|
566.67
|
386.57
|
|
Total Income
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90,205.55
|
78,875.00
|
11,330.55
|
|
Expenses
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117,902.41
|
117,208.33
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694.08
|
|
Net Income (Loss)
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-27,696.86
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-38,333.33
|
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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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October 31, 2025, YTD Net Loss of $27,696.86, under budget
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YTD Net Loss covered by - Cash from General Account + Investment Transfers
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Income above budget by $11,330.55 (Includes Memorial Offerings)
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General Offerings below budget by $2,529.41
- Events above budget by $6,906.82
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Expenses over budget by $694.08
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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 - $15,000
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Investments closing balance as of October 31, 2025 - $114,162.13 (Unrestricted Funds $58,774.74 + Restricted Funds $55,387.39)
Mission & Services
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Annual 2025 Target - $13,000
- October 31, 2025 - $9,942.50 versus YTD budget of $10,833.33
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