HIGHLIGHTS OF OCTOBER 2011 FINANCIAL REPORTS

Mt Cross Lutheran, Camarillo

Prepared by Jessica Rebbe, Treasurer

 

INCOME

·         Year-to-Date Income is approximately ($37k) under budget.

o   For the year-to-date, we have received 92.7% of Pledged Income budgeted

o   For October, we had a large increase in Non-Pledged Income

EXPENSES

·         Spending freeze has helped to offset our year-to-date loss.  We have closed the gap significantly and are at a Net Loss of approximately ($18k)

OCTOBER SUMMARY

·         Cash in bank at month end $29,725.46

·         Charles Schwab $149,091.18 (September balance – October not yet reconciled)

·         Endowment will be reconciled as of 09/30/11 when quarterly statement is received.  Prior period balance was $190,011.15