Audio of Jeff Scotts Financial Report from the 2/10/08 Information Meeting

           
           
COLONIAL CHURCH OF EDINA Budget    Actual   Actual Actual
2008 Budgeted & 2008 Actual Thru January Thru Jan 08   Thru Jan 08   Exp Red YTD Inc Shortfall
           
           
             
Christmas Offering 30,000   22,733      
Outreach Income 19,500   4,145      
Faith Promise 1,500,778   1,348,545      
Loose Offering 11,686   12,474      
Total Giving 1,561,964   1,387,898      
           
Hospitality Income 793   1,055      
Facility Income 33,914   37,822      
Flower Income 1,015   805      
Wedding Income 0   0      
Interest Income 3,537   2,050      
Miscellaneous 500   240      
Adult Education Income 1,052   1,845      
Vacation Bible School Income 5,000   3,930      
Children's Education Misc. Income 1,125   1,734      
Facility Use and Programs 46,936   49,481      
           
Foundation Grant 9,000   15,000      
           
Youth Misc. Income 5,738   1,660      
Confirmation 7,859   15,435      
Pyro II (Duece) 49,318   40,833      
Camp Pyro 40,451   40,040      
High School Program Income 14,544   13,019      
Middle School Program income 7,809   1,042      
Youth and Children's Programs 125,718   112,029      
           
TOTAL OPERATING FUND INCOME 1,743,618   1,564,407     179,211
           
ADULT EDUCATION EXPENSES 5,371   5,014      
YOUTH MINISTRY EXPENSES 44,462   47,780      
    Pyro II 64,981   50,105      
CHILDREN'S MINISTRY EXPENSES 25,600   19,844      
    Pyro 44,556   42,758      
Children's, Youth and Adult Programs 184,970   165,500   19,470  
           
DEACON EXPENSES 11,681   6,323      
STEPHEN MINISTRY EXPENSES 1,225   157      
MUSIC EXPENSES 12,162   12,411      
BRIDGE EXPENSES 14,999   7,724      
Music, Worship and Pastoral Care 40,067   26,616   13,452  
           
OUTREACH  EXPENSES 65,495   78,959      
INTERCHURCH EXPENSES 1,500   1,500      
Outreach and Interchurch 66,995   80,459   -13,463  
           
PERSONNEL EXPENSES            
PERSONNEL 965,388   938,262      
Personnel Costs 965,388   938,262   27,126  
           
OFFICE MANAGEMENT EXPENSES 90,339   83,188      
BUILDING & GROUNDS EXPENSES 223,184   195,185      
COMMUNICATION EXPENSES 31,042   14,103      
STEWARDSHIP 5,537   2,515      
MINSTRIES RESOURCES 1,000   0      
DEBT SERVICE EXPENSES 6,742   7,115      
CAPITAL IMPROVEMENTS 50,000   1,440      
RISK MANAGEMENT 1,500   0      
Administrative Costs 409,344   303,545