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October 2019 Fiance Report

Highlights for period ending 31 October 2019

Cash:
Combined Operations Deposit accounts: 243,446
Due from(to) Project Phoenix Fund: 51,972
Less cash held for Restricted/Designated: 211,234
Total Operations Cash: -19,760
Combined Project Phoenix Deposit/Investment Accounts: 2,596,525
Due from(to) Operations Fund: 51,972
Total Project Phoenix Fund: 2,648,497

Operations Revenue:
Pledged giving is 551,639 of anticipated 564,229 (budget) this represents lower than budgeted by 12,660 year to date ending 31 October. Total revenue all sources is 19,435 lower than budgeted.

Operations Expense:
Operations expenses are 740,491 year to date ending 31 October of anticipated 819,621 (budget) representing 79,130 less than budgeted. There are some budget lines that are 100% spent for the year, but all expenses are represented in most of those lines. There are some budget lines that aren’t spent but will be.

Project Phoenix:
Project Phoenix direct expenses and revenues have been separated into a separate fund mechanically in the accounting software to closely monitor all use and transfer of those funds. A total of 98,394 has been transferred from Project Phoenix for operations support year to date ending 31 October. Direct expenses in excess of revenues (investment earnings) year to date for Project Phoenix are 56,707.

October 2019 Finance Report

 

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