Finance
Report
Below is a brief finance summary report as of February 28, 2026, versus the year-to-date 2026 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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February 28, 2026
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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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10,568.75
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10,833.33
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-264.58
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Memorial Offerings
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925.00
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0
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925.00
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Events
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1,830.50
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3,666.67
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-1,836.17
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Other
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600.00
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300.00
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300.00
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Investment Income
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340.00
|
158.33
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181.67
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Total Income
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14,264.25
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14,958.33
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-694.08
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Expenses
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28,801.00
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20,923.15
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7,877.85
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Net Income (Loss)
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-14,536.75
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-5,964.82
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* Includes online donations/excludes bequest of $142,857.
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Net Loss Covered By: Cash – General Account + Investment Transfers
Summary
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February 28, 2026, YTD Net Loss of $8,571.93, over budget
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YTD Net Loss covered by - Cash from General Account + Investment Transfers
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Income above budget by $694.08 (Includes Memorial Offerings)
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General Offerings below budget by $264.58
- Events below budget by $1,836.17
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Expenses above budget by $7,877.85
Investments
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Investment transfers currently at a monthly withdrawal of $1,500
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Investment transfers YTD - $3,000
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Investments closing balance as of February 28, 2026 - $255,306.61 (Unrestricted Funds $199,919.22 + Restricted Funds $55,387.39)
Mission & Services
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Annual 2025 Target - $13,000
- February 28, 2026 - $2,323.50 versus YTD target of $2,166.67
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