2012 Finance Report

Overview

This is the 2012 financial report for Quartz Hill Community Church. It starts with this overview of the year. Following the overview there is detailed information about fund balances and the budget.

Our 2012 financial history is probably best characterized by greater financial stability. After catching up in 2011 we started 2012 near even. As usual we had our ups and downs. However, we generally kept up with our bills. Near the end of the year we lost a little with giving a bit down and property taxes to pay. Giving improved a bit in December and we recovered to pay all our bills by year end. We ended up with a slightly negative General Fund balance of -$358. Overall, though we ended with our bills paid and money in the bank.

Our biggest on-going concern the last few years has been that we struggle to make our building mortgage payment. In 2011 the North American Mission Board agreed to extend our maturation date and lower our payment. As a result we did much better in 2012, only falling behind late in November when we also had to pay property tax.

The stability in our giving allowed us to pay our pastor and our bills regularly. Looking forward this kind of stable pattern is encoraging.

Balances

The table below shows the balances of the various QHCC funds at the end of each month in 2012. The chart below the table shows the General Fund history. The chart includes unpaid bills in the General Fund balance to show when we are behind. All funds are contained in the QHCC Account, which means that the QHCC Account column is a total of the rest. Most income and spending occurs through the General Fund.

The Parsonage Fund has funds primarily from parsonage refinancing and is used to care for and maintain the parsonage. The Deacon Fund is usually donated to every communion service and is used to help people in need. At the 2008 budget meeting we voted to set up the Holding Fund. It is designed to hold funds needed to pay irregular large bills such as the property tax. Currently we are behind in our bills so the Holding Fund has no money. Periodically youth at the church raise money and this money is stored in the Youth Fund.

The Internet and Temporary Funds should normally show zero balances. The Internet Fund tracks Quartz Hill School of Theology's support for our internet fees. The Temporary Fund covers money taken in for things not budgeted, such as Souper Bowl or the Lottie Moon offering.

DateQHCC AccountGeneralGen - HoldParsonageDeaconHoldingYouthInternetTemporary
Dec-111,782 (250)(250)935 835 0 260 0 0
Jan-122,058 214 214 935 647 0 260 0 0
Feb-122,754 885 885 935 672 0 260 0 0
Mar-121,376 (645)(645)935 734 0 260 0 90
Apr-122,503 (144)(144)935 787 0 260 0 662
May-122,231 (56)(56)935 787 0 260 0 303
Jun-12535 (925)(925)385 509 0 260 0 303
Jul-12539 (921)(921)385 509 0 260 0 303
Aug-12392 (1,168)(1,168)385 540 0 260 0 373
Sep-12893 (765)(765)385 638 0 260 0 373
Oct-121,395 (264)(264)385 638 0 260 0 373
Nov-121,077 (637)(637)385 697 0 260 (4)373
Dec-121,330 (358)(358)385 637 0 260 0 403

Here is the chart showing the General Fund balances, income and expenses throughout the year.

General Fund History

Budget

This table shows the how income and spending compare with the budget throughout the year. The left-hand column shows the budget categories and sub-categories. Next to it the Budget Column shows the monlthy budgeted amounts for each category. The next columns show the income and spending for each month. The Total YTD Column shows the total income and spending for the year to date. The Budget YTD Column shows the amount budgeted for the year to date. The Difference Column shows the difference between actual income and spending and the budget for the year to date. The Annual Budget Column shows the yearly budget amounts.

Category DescriptionBudgetJan 12Feb 12Mar 12Apr 12May 12Jun 12Jul 12Aug 12Sep 12Oct 12Nov 12Dec 12Total YTDBudget YTDDifferenceActual Budget
                  
General income7,299 6,279 7,605 5,981 7,400 5,686 4,892 7,019 6,037 7,583 6,810 6,618 7,154 79,064 87,584 (8,521)87,584
                  
Building                 
Hazard Insurance171  632  667   677   677   2,652 2,048 604 2,048
Maintenance80    220 143        363 960 (597)960
Mortgage1,138 735 735735 735 735 735 735 735 735  735 735 8,085 13,656 (5,571)13,656
Property Tax50          402  416 818 600 218 600
Supplies8             0 100 (100)100
Utilities650 554 353 696 510 534 673 930 1,073 960 861 504  7,649 7,800 (151)7,800
TOTAL Building2,097 1,289 1,720 1,431 2,131 1,412 1,408 2,342 1,808 1,695 1,940 1,239 1,151 19,567 25,164 (5,597)25,164
                  
Business Expenses                 
Worker's Comp50  518  (107)        412 600 (188)600
Office  3       97  40  140 200 (60)200
Telephone100 33 33 33 33 33 33 32 32 32 34 34 34 393 1,200 (807)1,200
TOTAL Business Expenses150 33 554 33 (74)33 33 32 32 129 34 74 34 945 2,000 (1,055)2,000
                  
Ministry                 
Adult10             0 120 (120)120
Children10             0 120 (120)120
Fellowship30             0 360 (360)360
Missions80 68 62 76 60 74 56 50 70 60 76 68 66 786 960 (174)960
Outreach50 15 15 15 15 15 15 15 15 15 15 15 15 182 600 (418)600
Christian Education25     (69)       (69)300 (369)300
Worship30   109          109 360 (251)360
Youth10             0 120 (120)120
TOTAL Ministry245 83 77 200 75 20 71 65 85 75 91 83 81 1,008 2,940 (1,932)2,940
                  
Parsonage                 
Maintenance100             0 1,200 (1,200)1,200
Mortgage565 565 565 565 565 565 565 565 565 565 565 565 565 6,780 6,780 0 6,780
Property Tax183           1,368  1,368 2,200 (832)2,200
Utilities408 346 217 347 201 269 384 511 474 715 378 362 309 4,514 4,900 (386)4,900
TOTAL Parsonage1,257 911 782 912 766 834 949 1,076 1,039 1,280 943 2,295 874 12,662 15,080 (2,418)15,080
                  
Pastor                 
Business Expenses500  1,000 500 500 500 500  1,000 500 500 500 500 6,000 6,000 0 6,000
Honorarium3,033 3,500 2,800 2,800 3,500 2,800 2,800 3,500 2,800 3,500 2,800 2,800 3,500 37,100 36,400 700 36,400
Other0             0 0 0 0
TOTAL Pastor3,533 3,500 3,800 3,300 4,000 3,300 3,300 3,500 3,800 4,000 3,300 3,300 4,000 43,100 42,400 700 42,400
                  
TOTAL EXPENSES7,282 5,815 6,933 5,876 6,898 5,599 5,760 7,014 6,764 7,180 6,308 6,991 6,140 77,281 87,584 (10,303)87,584
                  
OVERALL TOTAL14,581 464 672 105 502 87 (868)4 (727)403 502 (373)1,014 1,783 0 1,783 0

This chart shows spending compared to the budget for the major budget categories.

Actual vs Budget