Annual Report 2023-2024-DIGITAL - Flipbook - Page 14
December 2023 Financial Results and Analysis
Income
• Year-to-Date (YTD) December 31, 2023 income was $385,807
better than budget, (led by non-pledge gifts $163,529 over
budget, and the $140,000 Sustainability Grant draw).
• YTD December 31, 2023 Foundation income was $199,646
better than budget, (led by Sustainability Grant of $140,000,
and Foundation Strategic IT and Competitive Grants
totaling $99,646).
Expenses
• YTD December 31, 2023 expenses came in slighty over
budget by $1,626.
• Admin and Operations year-to-date expenses were over
budget by $20,207. Due in part to the competitive website
grant award and corresponding expense ($8,500).
• Building and Grounds year-to-date December 31, 2023
expenses were over budget by $26,338.
• YTD December 31, 2023 Personnel expenses
were $88,432 better than budget.
• This is due to a combination of staff hirings during the year
which were later than anticipated in the original budget, and
a lower salary than originally anticipated.
• Total YTD December 31, 2023 expenses were $1,626 over
budget, on a total operating budget of $2,646,602.
TiM Program
• We did make made quarterly draws the TiM UBS account to
cover the costs of the TiM Program throughout the year.
• The TiM program annual cash flow is a net zero, as all expenses
are covered from draws from the Plymouth Foundation.
• The total draws made for the Tim Program amounted to
$297,343 for the 2023 year.
2021-2023 Income and Expense Comparison ($1,000s)
Income
Line Description
2021 Actual
2022 Actual
2023 Budget
2023 Actual
2024 Budget
General Pledge Income
1,466
1,427
1,848
1,839
2,000
Non-Pledge Gifts
273
531
102
245
140
Foundation Stewardship Matching Grant
−
−
175
175
150
Foundation Grant Income Received
−
234
25
240
325
All Other Income
238
137
150
187
170
Total Income
1,977
2,329
2,300
2,686
2,785
Line Description
2021 Actual
2022 Actual
2023 Budget
2023 Actual
2024 Budget
Staff Salaries
1,152
1,164
1,442
1,333
1,423
Benefits
258
278
331
332
376
Other Personnel Expense
130
120
107
127
122
Total Personnel Expense
1,540
1,562
1,880
1,792
1,921
Christian Education
3
22
29
21
37
Membership
1
18
4
35
4
Music and Arts
22
36
37
39
32
Expenses
Personnel Expense
12
Benevolence
119
144
125
157
124
Christian Social Action
16
35
33
22
27
Other Boards / Committees
20
24
10
4
25
Admin and Operations
138
171
124
144
160
Building and Operations
424
340
401
427
442
Center for Spiritual Growth
−
2
7
7
7
Miscellaneous
2
11
0
0
0
Total Expenses
2,285
2,365
2,650
2,648
2,779
Income Over / Under
(308)
(36)
(350)
38
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