Finance
Report
Below is a brief finance summary report as of August 31, 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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August 31, 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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52,241.52
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43,333.33
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8,908.19
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Memorial Offerings
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1,390.00
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0
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1,390.00
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Events
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23,028.95
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14,666.67
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8,362.28
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Other
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1,413.36
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1,200.00
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213.36
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Investment Income
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1,977.08
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633.33
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1,343.75
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Total Income
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80,050.91
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59,833.33
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20,217.58
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Expenses
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97,432.74
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83,692.58
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13,740.16
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Net Income (Loss)
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-17,381.83
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-23,859.25
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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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August 31, 2026, YTD Net Loss of $17,381.83, 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 $10,298.19 (Includes Memorial Offerings)
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General Offerings above budget by $8,908.19
- Events above budget by $8,362.28
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Expenses above budget by $13,740.16 (Note: Property expenses of $10,583.96 for Heat Pump and Exterior Painting not in budget)
Investments
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Investment transfers currently at a monthly withdrawal of $1,500
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Investment transfers YTD - $12,000
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Investments closing balance as of February 28, 2026 - $254,377.81 (Unrestricted Funds $198,990.42 + Restricted Funds $55,387.39)
Mission & Services
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Annual 2025 Target - $13,000
- March 31, 2026 - $8,184.66 versus YTD target of $8,666.67
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