04/14/10 Consolidated Balance Sheet - Restricted and Unrestricted

Transcription

1 8:23 PM The Diocese of the West 04/14/10 Consolidated Balance Sheet - Restricted and Unrestricted Accrual Basis As of March 31, 2010 Mar 31, 10 Mar 31, 09 ASSETS Current Assets Checking/Savings Checking at Wells Fargo 38, , Savings at Wells Fargo APY.15% Legal Fund Set Aside - BD 7, , Matushki Activities - BD 2, , Mission Dir Salary Reserve - BD 4, R1 - Missions Donations 6, Sale of Pt Reyes - BD 95, , Short Term Operating Reserves 66, Total Savings at Wells Fargo APY.15% 181, , Checking at Chase Transitory Restricted Missions , Transitory Restricted PT Reyes Unrestricted Checking 5, Checking at Chase - Other , Total Checking at Chase 6, , Savings at Chase APY 0.04% Operating Reserves (Salaries) 8, , R2 - Mission Dept Funds 11, R3 - Music Fund R4 - Liturgical Items Fund Sale of Pt Reyes - BD 6, Total Savings at Chase APY 0.04% 27, , Savings at ING APY.946% 38, , Savings at ING - CDs CD % 8/10/10 20, , CD % 11/17/ , CD % 5/13/10 10, , CD % 5/13/10 10, , CD % 11/13/10 10, , CD % 5/13/13 10, , CD % 11/19/10 31, , Total Savings at ING - CDs 114, , Unrestricted Checking at WAMU Operating Funds-WAMU Total Unrestricted Checking at WAMU Total Checking/Savings 406, , Accounts Receivable Assessment Receivables Assembly Assessments Diocesan Percentage Assessment 5, , Fair Share Assessments 5, , Total Assessment Receivables 10, , Life Giving Spring Loan 13, , Page 1 Report 1

2 8:23 PM The Diocese of the West 04/14/10 Consolidated Balance Sheet - Restricted and Unrestricted Accrual Basis As of March 31, 2010 Mar 31, 10 Mar 31, 09 Loans from Pt Reyes Fund Culver City Parish Loan 17, LGS Ongoing Operations 59, , Loan to Merced 302, Monastery of St John 12, , Total Loans from Pt Reyes Fund 391, , Misc. Receivables Other Parish Receivables 9, Portrait of American Saints Rec Stewardship Pledges 3, , Total Accounts Receivable 428, , Other Current Assets 'Saints of America' Inventory Mesirow Financial Kraft Foods Inc 2.625% 5/8/13 50, Northern Lights ST Bond Fund 49, mo CD - Bank Lincolnwood , mo CD - Century Bank , mo CD - Bank of Miami , mo CD - Mercantile Bank , mon CD - Bank of Miami , Mo CD - First Chicago Bank , mon CD - Morgan Stanley , Cash Trust - 30 day yield.01% 311, , CD - Amboy Bank 1.25% 4/30/10 50, Total Mesirow Financial 461, , LCBA Missions Savings 4.5% - R LCBA Missions Savings 4.5% - R - Other 63, , Total LCBA Missions Savings 4.5% - R 63, , Undeposited Funds 6, , Total Other Current Assets 533, , Total Current Assets 1,367, ,513, Fixed Assets 720 Duboce House 45, , Furniture and Equipment 10, , LifeGiving Spring Ret. Center 215, Total Fixed Assets 271, , TOTAL ASSETS 1,639, ,569, LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable Accounts Payable - Other , Page 2 Report 1

3 8:23 PM The Diocese of the West 04/14/10 Consolidated Balance Sheet - Restricted and Unrestricted Accrual Basis As of March 31, 2010 Mar 31, 10 Mar 31, 09 Total Accounts Payable , Total Accounts Payable , Credit Cards American Express Chase Credit Card 7, , Total Credit Cards 7, , Other Current Liabilities Chancellor Pension Withholding Direct Deposit Liabilities -5, , Payroll Liabilities Federal Withholding , Medicare Company Employee Total Medicare OCAPEN Company Employee Bishop's Contribution Miss. Director Contribution Total Employee Total OCAPEN Social Security Company Employee Total Social Security Total Payroll Liabilities , Total Other Current Liabilities -4, , Total Current Liabilities 2, , Total Liabilities 2, , Equity Opening Bal Equity 313, , Retained Operating Earnings 1,304, ,391, Net Income 18, , Total Equity 1,636, ,563, TOTAL LIABILITIES & EQUITY 1,639, ,569, Page 3 Report 1

4 8:01 PM The Diocese of the West 04/14/10 Unrestricted Funds Profit & Loss Budget vs. Actual Accrual Basis January through December 2010 Jan - Dec 10 Budget % of Budget Ordinary Income/Expense Income Lights-on Income DPA 114, , % Fair Share from Parishes 86, , % Operating Investment Income Interest-Savings, Short-term CD ING CD Interest ING Business Savings Interest Wells Fargo Savings Interest Other Interest 2.78 Total Interest-Savings, Short-term CD Operating Investment Income - Other , % Total Operating Investment Income , % Pass Through Misc Book Sales Total Lights-on Income 201, , % Outreach (Stewards of the West) General Stewardship Donations 7, Pledges 6, Outreach (Stewards of the West) - Other , % Total Outreach (Stewards of the West) 13, , % Total Income 215, , % Cost of Goods Sold Cost Books Sold Total COGS Gross Profit 215, , % Expense Lights-on Expenses 09_OCA Expenses Fair Share Paid to OCA 64, , % Total 09_OCA Expenses 64, , % 01_Payroll Expenses Gross Wages Diocesan Hierarch Salary 20, , % Administrative Assistant Salary 2, , % Diocesan Hierarch Housing 2, , % Total Gross Wages 25, , % Stipends Deans' Stipends 8, , % Treasurer Stipend 6, , % Kellenik Medical Stipend 2, , % Chancellor Stipend 2, , % Page 1 Report 2

5 8:01 PM The Diocese of the West 04/14/10 Unrestricted Funds Profit & Loss Budget vs. Actual Accrual Basis January through December 2010 Jan - Dec 10 Budget % of Budget Total Stipends 18, , % Employee Benefits Diocesan Hierarch Benefits Health Insurance 2, , % Diocesan Hierarch OCA Pension 1, , % OCA Life Insurance % Total Diocesan Hierarch Benefits 4, , % Total Employee Benefits 4, , % Workmans Comp 1, , % Payroll Taxes Social Security Tax % Medicare Taxes % Total Payroll Taxes % Direct Deposit Fees % Total 01_Payroll Expenses 50, , % 04_Travel Diocesan Hierarch Travel 6, , % Council Meeting Travel 2, , % Seminary Visit 2, , % Metropolitan Council 1, , % Misc.Travel Dean's Travel , % Travel for Auditing Function , % Travel for Diocesan Business , % Clergy Educational Travel/Tuiti , % Chancellor's Travel , % Chancellor's Advisory Committee , % Total 04_Travel 14, , % 03_Office Expenses Background Checks 2, Office Supplies & Expenses 1, , % Telephone Diocesan Hierarch Cell Phone , % Office Phone_Internet Access , % Total Telephone , % Postage , % Bank Charges QuickBooks Online Banking % Wire Fees Total Bank Charges % Local Transportation 2.00 Books & Publications % Fort Ross Registration % CA Non-Profit Filing Fee % Page 2 Report 2

6 8:01 PM The Diocese of the West 04/14/10 Unrestricted Funds Profit & Loss Budget vs. Actual Accrual Basis January through December 2010 Jan - Dec 10 Budget % of Budget Total 03_Office Expenses 6, , % 05_Facilities and Equipment Property & Liability Insurance 3, , % Office Equipment , % Total 05_Facilities and Equipment 3, , % Pass Through Expense Misc Unbudgeted Expenses Misc. Expenses Total Unbudgeted Expenses _Diocesan Assembly Postage Total 08_Diocesan Assembly _Clergy and Parish Resources Clergy Pre-Assignment Assesmt , % Diocesan Loan Fund Development , % Liturgical Supplies % OCA Clergy Assistance Prgm , % Total 06_Clergy and Parish Resources , % 02_Professional Fees Legal Fees , % CPA Fees , % Notary Public % Total 02_Professional Fees , % Pan Orthodox Activities , % 07_Department of Communications Web Site Web Hosting & Domain name fees % Web Site Designer Stipend , % Total Web Site , % "American Saints" Publication Total 07_Department of Communications , % Total Lights-on Expenses 138, , % Outreach Expenses Department of Missions Stipends for Mission Priests 8, , % Mission Dir Housing Allowance 6, , % Supplement to Director's Parish 2, , % Mission Dept Travel , % OCA Pension - Mission Dir , % Moving Expenses , % Mission Board Meeting Expenses , % Total Department of Missions 17, , % Intern Program 6, , % Page 3 Report 2

7 8:01 PM The Diocese of the West 04/14/10 Unrestricted Funds Profit & Loss Budget vs. Actual Accrual Basis January through December 2010 Jan - Dec 10 Budget % of Budget Seminarian Financial Aid 4, , % Youth Department Rocky Mountain Deanery % Pacific Central Deanery , % Pacific Southwest Deanery % Pacific Northwest Deanery % Mission Deanery % Total Youth Department , % Department of Charities Discretionary Fund , % Martha-Mary House , % Raphael House (Portland) % Eritrean Home for Elderly % Raphael House (SF) % Total Department of Charities , % Department of Stewardship Paper & Copying , % Postage for Appeals , % Online Donation Fees 6.10 Total Department of Stewardship , % Music Dept , % Total Outreach Expenses 29, , % Total Expense 168, , % Net Ordinary Income 47, , ,218.7% Net Income 47, , ,218.7% Page 4 Report 2

8 8:38 PM The Diocese of the West 04/14/10 Point Reyes Funds Balance Sheet Accrual Basis As of March 31, 2010 Mar 31, 10 ASSETS Current Assets Checking/Savings Savings at Wells Fargo APY.15% Sale of Pt Reyes - BD 95, Total Savings at Wells Fargo APY.15% 95, Checking at Chase Transitory Restricted PT Reyes Total Checking at Chase Savings at Chase APY 0.04% Sale of Pt Reyes - BD 6, Total Savings at Chase APY 0.04% 6, Total Checking/Savings 101, Accounts Receivable Loans from Pt Reyes Fund Culver City Parish Loan 17, LGS Ongoing Operations 59, Loan to Merced 302, Monastery of St John 12, Total Loans from Pt Reyes Fund 391, Total Accounts Receivable 391, Other Current Assets Mesirow Financial Kraft Foods Inc 2.625% 5/8/13 50, Northern Lights ST Bond Fund 49, Cash Trust - 30 day yield.01% 311, CD - Amboy Bank 1.25% 4/30/10 50, Total Mesirow Financial 461, Total Other Current Assets 461, Total Current Assets 954, Fixed Assets 720 Duboce House 45, LifeGiving Spring Ret. Center 215, Total Fixed Assets 261, TOTAL ASSETS 1,215, LIABILITIES & EQUITY 0.00 Page 1 Report 3

9 8:29 PM The Diocese of the West 04/14/10 Sale of Point Reyes Funds Year to Date Profit & Loss Accrual Basis January through March 2010 Jan - Mar 10 Ordinary Income/Expense Income Restricted Income PT Reyes Fund Income Loan Interest 6, Mesirow Investment Interest Bank Savings Interest Total PT Reyes Fund Income 7, Total Restricted Income 7, Total Income 7, Gross Profit 7, Expense Restricted Expenses BD - Point Reyes Sale Funds St Barbara Monastery Chapel Con 2, Life Giving Spring Expenses 0.00 BD - Point Reyes Sale Funds - Other 0.00 Holy Assumption Monastery 0.00 Total BD - Point Reyes Sale Funds 2, Total Restricted Expenses 2, Total Expense 2, Net Ordinary Income 5, Net Income 5, Page 1 Report 4

10 8:32 PM The Diocese of the West 04/14/10 Mission Restricted Funds Year to Date Profit & Loss Accrual Basis January through March 2010 Jan - Mar 10 Ordinary Income/Expense Income Restricted Income Mission Board Income Mission Board Funds Annuity Int Mission Deanery Retreat Income Total Mission Board Income Total Restricted Income Total Income Gross Profit Expense Restricted Expenses Mission Board Expenses Deanery Retreat Expenses 2, Total Mission Board Expenses 2, Total Restricted Expenses 2, Total Expense 2, Net Ordinary Income -1, Net Income -1, Page 1 Report 5