Simple Church Budget Report

I. Introduction

A. Purpose of the Budget Report

The purpose of this budget report is to provide a detailed account of the financial activities of [Your Company Name] for the past fiscal year. It aims to offer transparency regarding the sources of income and the areas of expenditure, ensuring that all stakeholders, including church members, staff, and donors, have a clear understanding of the financial health of our church. This report will also assist in strategic planning and decision-making for future financial activities and resource allocation.

B. Overview of the Financial Year

The financial year for [Your Company Name] ran from January to December [Year]. This period was marked by significant efforts to increase our outreach and community service programs, resulting in both increased income and expenditures. Throughout the year, we experienced a steady flow of tithes and offerings, successful fundraising events, and generous donations and grants from various sources. However, we also faced challenges in managing operational costs and funding new initiatives. This report will provide a comprehensive overview of these financial activities, highlighting key trends and insights.

II. Income

A. Tithes and Offerings

Tithes and offerings represent the primary source of income for [Your Company Name]. Throughout the year, we received consistent financial support from our congregation, demonstrating their commitment to our mission and vision.

Month	Tithes and Offerings ($)
January	25,000
February	24,500
March	26,000
April	23,500
May	27,000
June	25,500
July	26,200
August	25,800
September	24,900
October	27,300
November	26,700
December	30,000
Total	312,400

The table above illustrates the monthly collection of tithes and offerings, totaling $312,400 for the year. This steady stream of income has been crucial in supporting our daily operations and various church programs.

B. Fundraising Events

In addition to tithes and offerings, fundraising events played a significant role in our income generation. Events such as charity auctions, benefit concerts, and community fairs not only provided financial support but also strengthened our sense of community.

Event	Date	Income ($)
Charity Auction	March 15	15,000
Spring Benefit Concert	May 10	12,000
Community Fair	August 20	18,500
Fall Harvest Festival	October 25	14,200
Christmas Gala	December 5	20,000
Total	N/A	79,700

These events collectively raised $79,700, showcasing the generosity and enthusiasm of our members and the wider community.

C. Donations and Grants

Donations and grants from individuals, businesses, and philanthropic organizations provided additional financial support for our church. These contributions were often designated for specific projects or initiatives, such as community outreach programs or building renovations.

Source	Purpose	Amount ($)
Individual Donations	General Fund	20,000
Business Sponsorships	Youth Programs	15,000
Philanthropic Grants	Building Renovation	25,000
Legacy Donations	Scholarship Fund	10,000
Total	N/A	70,000

D. Other Income Sources

Other income sources included rental income from church facilities, interest income from investments, and sales of church-related merchandise. These additional streams of income provided valuable support for our operational budget.

Source	Amount ($)
Facility Rentals	10,000
Interest Income	5,000
Merchandise Sales	3,000
Total	18,000

III. Expenditures

A. Personnel Costs

1. Salaries and Wages

Personnel costs, including salaries and wages, constitute a significant portion of our expenditures. These costs cover the compensation for our pastoral staff, administrative personnel, and program coordinators.

Position	Annual Salary ($)
Senior Pastor	80,000
Associate Pastor	60,000
Administrative Staff	40,000
Program Coordinators	50,000
Support Staff	30,000
Total	260,000

2. Benefits and Taxes

In addition to salaries and wages, we provide various benefits to our employees, including health insurance, retirement contributions, and paid leave. Employer taxes also form a part of this category.

Benefit/Tax	Annual Cost ($)
Health Insurance	40,000
Retirement Contributions	20,000
Paid Leave	15,000
Employer Taxes	30,000
Total	105,000

B. Operational Costs

1. Utilities

Utilities, including electricity, water, heating, and internet services, are essential for maintaining our church facilities.

Utility	Annual Cost ($)
Electricity	15,000
Water	5,000
Heating	10,000
Internet	3,000
Total	33,000

2. Maintenance and Repairs

Regular maintenance and repairs are necessary to ensure that our facilities remain safe and functional. This category includes routine maintenance, emergency repairs, and minor renovations.

Expense	Annual Cost ($)
Routine Maintenance	10,000
Emergency Repairs	7,000
Minor Renovations	8,000
Total	25,000

3. Office Supplies

Office supplies, including stationery, printing, and other administrative materials, are essential for the daily operations of our church.

Supplies	Annual Cost ($)
Stationery	2,000
Printing	3,000
Miscellaneous	1,000
Total	6,000

C. Program Expenses

1. Worship Services

Expenses related to worship services include costs for musical instruments, sound systems, and other materials necessary for our services.

Expense	Annual Cost ($)
Musical Instruments	5,000
Sound Systems	4,000
Service Materials	3,000
Total	12,000

2. Community Outreach

Community outreach programs are a vital part of our mission. Expenses in this category include costs for organizing and running various outreach activities.

Program	Annual Cost ($)
Food Pantry	10,000
Homeless Support	8,000
Health Fairs	5,000
Educational Workshops	7,000
Total	30,000

3. Educational Programs

Our educational programs, including Sunday school, Bible study groups, and youth activities, require funding for materials, resources, and facilitators.

Program	Annual Cost ($)
Sunday School	5,000
Bible Study Materials	4,000
Youth Activities	6,000
Total	15,000

D. Capital Expenditures

1. Building Improvements

Capital expenditures for building improvements include major renovations and construction projects that enhance the functionality and aesthetics of our facilities.

Project	Annual Cost ($)
Fellowship Hall Renovation	20,000
Roof Repair	15,000
Parking Lot Expansion	10,000
Total	45,000

2. Equipment Purchases

Purchases of new equipment, such as computers, furniture, and other essential items, are necessary for the smooth operation of our church.

Equipment	Annual Cost ($)
Computers	5,000
Furniture	4,000
Audio-Visual Equipment	6,000
Total	15,000

E. Other Expenses

Other miscellaneous expenses include costs not covered in the previous categories, such as insurance, legal fees, and contingency funds.

Expense	Annual Cost ($)
Insurance	10,000
Legal Fees	5,000
Contingency Fund	10,000
Total	25,000

IV. Budget Summary

A. Total Income vs. Total Expenditures

To provide a comprehensive overview, it is essential to compare the total income and total expenditures for the fiscal year. This analysis will help identify whether the church operated at a surplus or deficit during the year.

Category	Amount ($)
Total Income	480,100
Total Expenditures	524,000
Surplus/Deficit	-43,900

B. Surplus or Deficit Analysis

As indicated in the budget summary, [Your Company Name] experienced a deficit of $43,900 for the fiscal year. This deficit can be attributed to several factors, including higher than anticipated personnel costs, increased operational expenses, and significant capital expenditures. To address this shortfall, it is recommended that the church explore additional income-generating opportunities, such as increasing fundraising efforts and seeking additional grants and donations. Furthermore, a thorough review of expenditures should be conducted to identify potential areas for cost savings.

V. Future Budget Projections

A. Expected Income for the Next Fiscal Year

Based on historical data and current trends, the expected income for the next fiscal year is projected to be slightly higher due to planned fundraising events and anticipated increases in donations and grants.

Income Source	Projected Amount ($)
Tithes and Offerings	320,000
Fundraising Events	85,000
Donations and Grants	80,000
Other Income Sources	20,000
Total	505,000

B. Planned Expenditures for the Next Fiscal Year

Planned expenditures for the next fiscal year will focus on maintaining current programs and operations while seeking to manage costs more effectively. Key areas of expenditure are projected as follows:

Expenditure Category	Projected Amount ($)
Personnel Costs	365,000
Operational Costs	65,000
Program Expenses	60,000
Capital Expenditures	50,000
Other Expenses	30,000
Total	570,000

VI. Conclusion

A. Summary of Financial Health

The financial health of [Your Company Name] for the past fiscal year reflects both strengths and challenges. While the church successfully generated significant income through tithes, offerings, and fundraising events, the overall expenditures exceeded the income, resulting in a deficit. This financial situation underscores the need for careful budgeting and strategic planning to ensure the sustainability of our church’s operations and programs.

B. Recommendations for Financial Planning

To improve the financial health of [Your Company Name], the following recommendations are proposed:

• Enhance Fundraising Efforts: Increase the frequency and scale of fundraising events to boost income.

• Expand Donation Campaigns: Develop targeted campaigns to attract more donations and grants from individuals and organizations.

• Cost Management: Conduct a thorough review of current expenditures to identify and implement cost-saving measures without compromising the quality of services and programs.

• Long-Term Financial Planning: Establish a financial planning committee to develop and monitor long-term financial strategies, including building an emergency fund and investing in income-generating activities.

By implementing these recommendations, [Your Company Name] can strengthen its financial position and continue to fulfill its mission of serving the community and fostering spiritual growth.

Church Templates @ Template.net