Southern Ohio District Church of the Brethren Treasurer's Report 06/30/2018 Financial Statements

Transcription

1 Treasurer's Report 06/30/2018 Financial Statements Table of Contents: P. 1-2: Balance Sheet compared to Prior Year (consolidated for all commisions) P. 3: Income Statement compared to Budget & Prior Year (General Fund) P. 4: Income Statement compared to Budget & Prior Year (CRC Fund) P. 5: Change in Funds/Equity Accounts P. 6: Giving by Church (District General Fund) P. 7: Empowering Funds Fund Summaries for District General Fund & CRC Fund: GF -Balance January GF - Net Income (Loss) to date (53,763) Transfers from WA Developed Area Fund - General Fund balance at 06/30/18 (53,578) CRC -Balance January CRC Net Income / (Loss) for period: 2,168 Transfers from WA Developed Area Fund - Ending Balance for CRC General Fund 06/30/18 2,487 Scott T. Fitzgerald, Treasurer

2 Balance Sheet Compared to Prior Year (consolidated) June 30, 2018 and /30/2018 6/30/2017 ASSETS Current Assets Checking-First FB 19,894 7, Checking-Farmers 7,132 8, Money Market - First FB 26,278 69, Cash-Web Works - - Total Current Asstes 53,304 84,800 Other Assets Investments-Brethren Foundation 1,701,722 1,615, Acc.Rec.-M.Shetler Insurance 1, Acc.Rec.-District congregations Total Other Assets 1,703,266 1,616,005 Property, Plant, and Equipment BDM Vans 53,200 53,200 Total Property, Plant, and Equipment 53,200 53,200 TOTAL ASSETS 1,809,770 1,754,004 Current Liabilities LIABILITIES and EQUITY FUNDS Credit Card Payable 1, Accounts Payable Payroll Tax Liabilities -GF 2,702 6,122 Total Current Liabilities 4,234 6,200 Equity Funds Unrestricted Funds General Fund in Banks (53,578) (5,412) General Fund in Foundation - - Total Unrestricted (53,578) (5,412) Board Designated Board Operating Reserve Fund 54,122 55, Reserve/WA-Developed Area Funds 201, ,556 Total Board Designated 255, ,178 Page 1

3 Balance Sheet Compared to Prior Year (consolidated) June 30, 2018 and /30/2018 6/30/ Donor Designated Brethren Disaster Ministries 83,399 16, Southern Ohio History Fund -BF 91,005 88, Senior High Youth fund -FFB Junior High Youth Fund -FFB 2,690 2, Senior Adult fund -MM New Church Development fund -FFB 3,448 3, New Church Dev-WilmingtonPlace fund -FFB Hispanic Ministries fund -ckg 4,336 4, CRC-Camp & Retreat Commission 2,487 1, Women's Retreat Fund 5,949 5, Men's Retreat fund 4,985 1,789 Total Donor Designated 198, , Quasi-Endowment Ministry Cont.Educ. Quasi-Endow -BF 11,836 13,815 Total Quasi-Endowment 11,836 13, Restricted Endowment Hartle Endowment -BF 12,246 11, S.Ohio District Endowment -BF 35,052 34, Endow-WA-Nature Conservancy Funds 1,302,128 1,234,912 Total Restricted Endowment 1,349,426 1,281,415 Miscellaneous Funds Empowering Congregations (5,625) Empowering Leadership (2,328) Empowering Emerging Ministries (1,780) (370) Pass-through Donations - - Total Miscellaneous Funds (9,733) (320) Equity In Land Buildings and Vans Equity in BDM Vans 53,200 53,200 Total Equity In Land Buildings and Vans 53,200 53,200 Total Equity Funds 1,805,536 1,747,803 TOTAL LIABILITIES and EQUITY FUNDS 1,809,770 1,754,004 Page 2

4 District General Fund Income Statement compared to Budget and Prior Year For the Six Months Ended June 30, months Jan. - Jun Annual Prior Year 6 months Actual Budget Difference Budget Jan-Jun '17 Revenue: Church self-allocations - GF 22,170 36,500 (14,330) 73,000 27, New Ventures - Individuals 2,600 6,500 (3,900) 13,000 4, New Ventures - Board & ex-offico 2,725 3,500 (775) 7,000 2, District Conference Registrations 10 1,750 (1,740) 3, District Conference Offering - 1,500 (1,500) 3, Endowment Income - 1,000 (1,000) 2, Miscellaneous Income (170) Interest & Dividend Income - GF 5 5 (0) 10 9 Total Revenue 27,590 51,005 (23,415) 102,010 34,787 Expense: District Executive Salary 32,279 32,325 (46) 64,649 32, Director of Communications Salary 12,655 12,655-25,310 12, Treasurer's Compensation 3,671 3,671-7,342 3, District Executive Pension 3,444 3,879 (435) 7,758 4, District Executive Medical Insur. 3,601 3, ,000 6, FICA Expense (GF) 1,334 1, ,498 1, Workers' Compensation (GF) District Staff Travel 4,479 5,500 (1,021) 11,000 3, Annual Conference Assessment 4,619 2,350 2,269 4,700 4, Standing Committee Delegates 2,322 1, ,500 2, Council of District Executives (450) Brethren Heritage Center (750) 1, District Conference Expense - 1,500 (1,500) 3, TRIM Coordinator , TRIM & EFSM Fees 1,380 1, , Ohio Council of Churches District Board Retreat Expense (125) Liability Insurance Expense -GF ,500 1, Telephone & IT (GF) 1,273 2,000 (727) 4,000 1, One Call Now 4,283 2,600 1,683 5,200 4, Office Expense (GF) 1,255 3,400 (2,145) 6,800 2, Credit Card Transaction fees Promotional/Fundraising Materials 1,786 1, ,000 1,371 District Deacon Ministry - 1,500 (1,500) 3,000 - Reconciliation Expenses - 1,000 (1,000) 2,000 - Total Expense 81,353 84,924 (3,569) 169,847 83,243 Net Income (Loss) (53,763) (33,919) (19,846) (67,837) (48,456) Transfer from/to Reserves/other funds Transfer from WA Developed Area Fund - 29,500 (29,500) 59,000 - Transfer from WA Nature Conservancy Fund - 24,000 (24,000) 48,000 18,000 Transfer to Empowering Congregations - (9,600) 9,600 (19,200) - Transfer to Empowering Leadership - (4,800) 4,800 (9,600) - Transfer to Emerging Ministries - (4,800) 4,800 (9,600) - General Fund Increase (Decrease) (53,763) 382 (54,146) 763 (30,456) Page 3

5 Southern Ohio District of the Church of the Brethren Camping & Retreat Commission Income Statement Compared to Budget and Prior Year Six Months Ended June 30, months Jan.-Jun Annual Prior Year 6 months Actual Budget Difference Budget Jan-Jun 2017 Revenues: Camper revenue CRC - Camper receipts 17,735 8,500 9,235 17,000 15, CRC - Camper scholarships used , CRC - Camper refunds Total camper revenue 17,735 8,500 9,235 17,000 17,274 Camping program donations/fund-raisers: CRC - Church self-allocations 7,244 6,000 1,244 12,000 5, CRC - Unrestricted Bequests/memorials (350) CRC - Donations from individuals CRC - Golf outing income - 1,250 (1,250) 2, CRC - Golf outing - expenses CRC - Golf outing - 1/2 of Golf net Profit to BDM CRC - Cookie Camp Income (25) CRC - Other Income Total camping program donations/fund-raisers 7,444 7,600 (157) 15,200 5,455 TOTAL CRC REVENUE: 25,179 16,100 9,079 32,200 22,728 Expenses: General Fund balance at 09/30/17 Employee-related expenses for camp program: Director of Camping & Retreat Ministries Comm. 15,030 15,030-30,060 14, Director of Volunteers 1,367 1,367-2,733 1, Workers' Compensation (113) FICA Expense 1,280 1, ,509 1, Director's Travel expense - 1,500 (1,500) 3,000 - Total employee-related exp. for camping 17,676 19,264 (1,587) 38,527 17,896 Camping expenses (non-employee related): Camp facility fees (CH=4155, B= ) - 4,500 (4,500) 9, Camp-Winter Blast Expenses Camp expense - misc 3,251 7,525 (4,274) 15,050 3,009 Total camping expenses (non-employee) 4,036 12,025 (7,989) 24,050 3,733 Camping program other expenses: Volunteer expense Storage Rental (400) Insurance Expense (483) 1, Telephone & IT Office Expense (including postage) Total camping program other expenses 1,298 1, , TOTAL CRC EXPENSES: 23,010 32,489 (9,478) 64,977 22,059 Camping & Retreat Commission Net Income (Loss) 2,168 (16,389) 18,557 (32,777) 669 Transfer from/to Reserves/other funds Transfer from WA Developed Area Fund - 16,500 (16,500) 33,000 - Camping & Retreat Commission Net Increase/(Decrease) 2, , Page 4

6 Donations from Churches Southern Ohio District Church of the Brethren Change in Fund / Equity Accounts For the Six Months Ended June 30, 2018 Donations from Individuals Fund/Equity Account Balance 12/31/2017 Camp Income Other Income Interest & Dividends Market Fluctuations Transfers Admin. Fees Other Expenses Balance 6/30/2018 General Fund (See page 3 for more General Fund Income Statement detail.) General Fund ,170 5, (81,353) (53,578) Board Designated Funds Board Operating Reserve Fund 54,122 54, Reserves/WA-Dev.Area Funds 202,532 2,187 (2,469) (662) (222) 201,366 Donor Designated Funds Brethren Disaster-non-designated 43,865 1, ,300 (11,500) (7,593) 30, Brethren Disaster-Bucket kits 15,863 15, Brethren Disaster-Other kits ,000 (8,927) 1, Brethren Disaster-Van ,500 (1,629) Brethren Disaster-Van Replacement Fund BDM - Van Replacement Invest Fund 34, (225) (89) 34, Southern Ohio History Fund 92, (632) (279) (1,435) 91, Senior High Youth Fund 353 (240) Junior High Youth Fund 2,690 2, Senior Adult Funds New Church Development 3,448 3, Hispanic Ministries 4,336 4, Camp & Retreat Commission Fund 318 7, ,735 (See p.4 for more CRC Fund detail.) (23,010) 2, Women's Retreat Fund 5, , Men's Retreat Fund 1,969 5,211 (2,195) 4, Empowering Congregations Fund 25 (5,650) (5,625) Empowering Leadership Fund 72 (2,400) (2,328) Empowering Emerging Ministries Fund 70 (1,850) (1,780) Restricted Funds Ministry Cont.Educ. Quasi-Endow 12, (96) (43) (645) 11, Hartle Endowment 12, (78) (35) 12, S.OH District Endowment 35, (238) (105) 35, Endow-WA-Nature Conservancy Fund 1,301,535 12,730 (8,420) (3,716) 1,302, Equity in Land & Buildings Equity in Vans 53,200 53, Pass-through Donations - - Total Funds (Equity) $ 1,878,314 $ 30,921 $ 6,063 $ 17,735 $ 9,905 $ 16,835 $ (12,159) $ - $ (4,930) $ (137,149) 1,805,537 Page 5

7 (District General Fund only) Giving by Church compared to Self-allocation and Prior Year For the Six Months Ended June 30, 2018 Actual Jan - Jun amount to be given per Self-allocation form Prior Year Actual Jan - Jun 2017 Bear Creek Church of the Brethren 750 1, Beavercreek Church of the Brethren - NR 1,000 Beech Grove Church of the Brethren - NR - Bellefontaine Church of the Brethren - NR - Bradford Church of the Brethren - NR 371 Brookville Church of the Brethren 250 NR - Castine Church of the Brethren - NR - Cedar Grove Church of the Brethren 500 NR 600 Charleston Church of the Brethren - NR - Cincinnati Church of the Brethren - NR 1,500 Circleville Church of the Brethren - NR 100 Constance Church of the Brethren - 1,080 1,080 Covington Church of the Brethren 150 NR - Donnels Creek Church of the Brethren 600 3,400 1,800 East Dayton Church of the Brethren - NR - Eaton Church of the Brethren - NR - Emmanuel Church of the Brethren 300 NR - Eversole Church of the Brethren 160 4,080 1,020 Flat Creek/Mud Lick Church ofthe Brethren 800 NR 800 Good Shepherd Church of the Brethren - NR - Gratis Church of the Brethren - NR - Greenville Church of the Brethren Happy Corner Church of the Brethren 2,100 6,800 1,700 Harris Creek Church of the Brethren 550 NR 550 Living Peace Church of the Brethren Lower Miami Church of the Brethren 1,000 1,000 1,000 Mack Memorial Church of the Brethren - NR - New Carlisle Church of the Brethren 1,500 NR 1,500 Oakland Church of the Brethren 2,910 5,719 2,860 Olivet Church of the Brethren - NR - Painter Creek Church of the Brethren - NR - Piqua Church of the Brethren Pitsburg Church of the Brethren - NR - Pleasant Hill Church of the Brethren - NR - Potsdam Church of the Brethren 250 NR 250 Prices Creek Church of the Brethren 400 NR - Prince of Peace Church of the Brethren 1,000 6,500 3,000 Rock House Church of the Brethren - NR - Salem Church of the Brethren 2,750 NR 1,375 Sidney-Trinity Church of the Brethren Stonelick Church of the Brethren - NR 200 Stony Creek Church of the Brethren - NR - Strait Creek Church of the Brethren - NR - Trotwood Church of the Brethren 2,315 3,875 1,385 Troy Church of the Brethren - 1, Union City Church of the Brethren - NR - West Alexandria Church of the Brethren - NR - West Charleston Church of the Brethren 3,500 NR 3,500 West Milton Church of the Brethren - NR - White Cottage Church of the Brethren - NR - TOTAL 22,170 37,424 27,015 NR = Report Not Received Page 6

8 One Fund Details and Balances Print July 12, 2018 For the fund Empowering Congregations For the period 1/1/2018 to 6/30/2018 Date Reference Payee / Description Memo Amount Starting Balance: Empowering Congregations Grant Expense 4/23/2018 CHECK 9507 POTSDAM CHURCH OF THE BRETHREN Activity Center Grant (2,650.00) 4/23/2018 CHECK 9509 WHITE COTTAGE CHURCH OF THE BRETHREN MCACPS Outreach program (3,000.00) Total Empowering Congregations Grant Expense (5,650.00) Starting Balance: Total Changes to Fund Balance: (5,650.00) Ending Balance: (5,625.00) Southern Ohio District Church of the Brethren One Fund Details and Balances Print July 12, 2018 For the fund Empowering Leadership For the period 1/1/2018 to 6/30/2018 Date Reference Payee / Description Memo Amount Starting Balance: Empowering Leadership Grant Expense 5/3/2018 CHECK 9513 WHITE COTTAGE CHURCH OF THE BRETHREN Empowering Leadership Grant (2,400.00) Total Empowering Leadership Grant Expense (2,400.00) Starting Balance: Total Changes to Fund Balance: (2,400.00) Ending Balance: (2,328.00) Southern Ohio District Church of the Brethren One Fund Details and Balances Print July 12, 2018 For the fund Empowering Emerging Ministries For the period 1/1/2018 to 6/30/2018 Date Reference Payee / Description Memo Amount Starting Balance: Empowering Ministries Expenses 4/6/2018 CHECK 9502 Missy Buchanon Friday Worship/Saturday (1,350.00) 6/15/2018 CHECK 9527 S/C INDIANA DISTRICT INTER-DISTRICT EVENT (500.00) Total Empowering Ministries Expenses (1,850.00) Starting Balance: Total Changes to Fund Balance: (1,850.00) Ending Balance: (1,779.75) Page 7