COMBINED GENERAL & CAPITAL FUND REVENUES / EXPENDITURES

TREASURER’S REPORT

Centreville Presbyterian Church
Combined General Fund and Capital Fund Revenues and Expenditures

Year Ended December 31, 2021

Revenues:
            General Fund Offerings                                $ 1,185,136
            Rental Income

Capital Fund Offerings

                                     161,743

27,480

            Other General Fund Income

Other Capital Fund Income

                                          1,103

279

            Advent Missions Giving (Every Orphan’s Hope)                                       45,749
Total Revenues                                $ 1,421,490
Operational Expenditures:

            Personnel

                                                                                    $ 831,799
            Property Operations and Maintenance                                     205,578
            Missions Expenditures:
                  Advent Missions Giving (EOH)      $ 45,749
                  Other Missions Expenditures         84,711
            Total Missions Expenditures                                     130,460
            Worship                                       21,882
            Christian Education                                       20,071
            Community, Fellowship, and Resources                                       19,527
            Bank and Online Merchant Fees and Charges                                       13,762
            ECO Dues                                       14,783
            Christian Education                                       12,210
            Session/Deacons/Stewardship                                         1,739
            Stephen Ministry                                            301
     Total Operational Expenditures                                $ 1,272,393
Mortgage Debt Service                                  $ 253,583
Operational and Debt Service Surplus (Deficit) Before Employee Retention Credits 

($ 104,486)

Employee Retention Credits                                   $ 129,338
Surplus (Deficit) After Employee Retention Credits and Before Capital Expenditures 

$ 24,852

Capital Expenditures:
            Parking Lot Repairs and Repaving      $ 89,000
            Lobby Window Replacement and Caulking         10,914
            Air Conditioning Compressor Replacement           8,278
            Other Capital Expenditures           7,355
     Total Capital Expenditures                                  $   115,547
 
Surplus (Deficit) after Capital Expenditures                                $    (90,695)
 

 

COMBINED GENERAL, CAPITAL, & FRESH START BALANCE SHEET

TREASURER’S REPORT

 

Centreville Presbyterian Church
Combined General Fund, Capital Fund, and Fresh Start Balance Sheet

 

December 31, 2021

 
Assets:
            Cash – Fresh Start          $     278,272
            Cash – General Fund                    93,086
            Prepaid Expenses                      9,611
            Land                  881,773
            Building (Net of Depreciation)               2,260,504
            Furniture and Equipment (Net of Depreciation)                  255,996
            Building Mortgage Financing Costs (Net of Amortization)                    21,391
            Capital Fund Replacement Reserve:
                  Restricted Cash                  264,154
                  Restricted Certificates of Deposit                137,250
Total Assets          $  4,202,037
Liabilities:
            Security Deposit – Ad Fontes Academy          $       11,714
            Deferred Revenue                   22,495
            Building Mortgage Payable             1,903,185
Total Liabilities          $  1,937,394
Fund Balances:
            Unrestricted Fund Balance – General Fund          $  1,584,967
            Unrestricted Fund Balance – Capital Fund                              0
            Restricted Fund Balance – Fresh Start                  278,272
            Restricted Fund Balance – Capital Fund Replacement Reserve                401,404
 
Total Fund Balances          $  2,264,643
Total Liabilities and Fund Balances          $  4,202,037