Annual Report 2024-2025 - Flipbook - Page 13
Plymouth Church Financial Summary Income and Expenses (Dec. 2024)
Income Line Description
Actual Dec.
YTD
Budget
Variance
EOG/Pledges
1,786,249
2,006,100
(219,851)
Non-Pledge Gifts
343,015
154,900
188,115
Memorials, Bequests and Life Insurance
100,982
0
100,982
Non-Budgeted Memorials, Bequests and
Life Insurance (NEW 2024)
Other Income
76,840
42,750
34,090
Misc. income, building usage, interest
and Plate Offering on this line now.
Dedicated Plate Offering
68,626
91,000
(22,374)
Easter and Christmas 2023 paid in 2024.
Foundation Stewardship Grant Support
150,000
150,000
0
Foundation Sustainability Grant Support
0
0
0
Foundation Grant Income Received
11,900
40,000
(28,100)
Total Income
2,537,612
2,484,750
52,862
Expense Line Description
Actual Dec.
YTD
Budget
Variance
Comments
Total Personnel Expense
1,746,314
1,920,608
(174,294)
Better than budget due to open staff
positions throughout the year.
Board of Children, Teens and Families
23,948
36,980
(13,032)
Membership
10,971
4,425
6,546
Includes Foundation Grant for $8,300
Octoberfest
Music and Arts
35,864
32,150
3,714
Includes Foundation Grant for $2,500
for Music Shelving
Benevolence
113,205
124,112
(10,908)
Dedicated Plate offerings expenses to
net $0 in Operating Budget
Christian Social Action
19,727
27,100
(7,373)
Other Boards / Committees
8,097
24,750
(16,653)
IT and Admin Operations
117,568
120,200
(2,632)
Building / Operations
441,395
441,625
(230)
A/V and Communications
31,219
39,500
(8,281)
All Other
1,930
7,500
(5,569)
Total Expenses
2,550,238
2,778,950
(228,712)
Addition to / (Use of) Reserves
(12,626)
(294,200)
281,574
Comments
No Draw on Sustainability Grant
in 2024.
Total operating expenses were less
than budget for the year.
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