Treasurer's Report - January 2018
Pledge income for December had a big jump due to change in 2018 tax code. I adjusted our planed pledge income to match total received as of Dec. 31.
Offerings received continue below our financial plan expectation by $-5,662 total for these 7 months. Offerings are donations from members and visitors who have not made a pledge. Our financial planning was over optimistic on this item.
An unexpected decrease in medical expenses for Stephen and Carolyn has occurred due to Medicare being their principal insurance provider. This will reduce medical insurance by about $9,000 and eliminate the planned $6,618 deficit plus offset some of our reduced income due to the Harvest Festival sabbatical.
We are now able to accept credit card payments for pledge, general and special offerings if that is more convenient than check or cash. See either Jan or myself after service for these transactions.
Here is our operating finances as of December 31 for our 2017-18 fiscal year.
Summary of Operating Finances
December 2017 | Jun 1,2017 to Dec 31
Actual Planned | Actual Planned
$32,502 $34,423 | $127,519 $131,057
$17,376 $25,159 | $112,169 $120,544
Net $15,126 $ 9,264 | $ 15,350 $ 10,513