Finance
Report
Below is a brief finance summary report as of March 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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Mar. 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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16,966.99
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18,250.00
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-1,283.01
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|
Memorial Offerings*
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950.00
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0
|
950.00
|
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Events
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4,276.00
|
4,750.00
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-474.00
|
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Other
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1200.00
|
450.00
|
750.00
|
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Investment Income
|
67.80
|
212.50
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-144.70
|
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Total Income
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23,460.79
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23,662.50
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-201.71
|
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Expenses
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40,553.84
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35,162.50
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5,391.34
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Net Income (Loss)
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-17,093.05
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-11,500.00
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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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Mar. 31, 2025, YTD Net Loss of $17,093.05, under budget
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YTD Net Loss covered by - Cash from General Account + Investment Transfers
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Income below budget by $201.71 (Includes Memorial Offerings)
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General Offerings below budget by $1,283.01.
- Events below budget by $474.00
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Expenses over budget by $5,391.34
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 - $4,500
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Investments closing balance as of March 31, 2025 - $ 120,001.34 (Unrestricted Funds $64,613.95 + Restricted Funds $55,387.39)
Mission & Services
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Annual 2024 Target - $13,000
- March 31, 2025 - $3,441.00 versus YTD budget of $3,250.00
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