Church of All Nations

Treasurers Report
November 2013
1. Budget Analysis
Full year budget: HK$3.3mn, which means HK$63,610 in weekly general collections are
needed in order to meet budget.
Current weekly collection average: Approx. HK$37,582, significantly lower than budget.
Spending less than budgeted amount in every item, with the exception of O&F
(Fellowship events and Children and Family Outreach in particular).
YTD operating loss (i.e. excl designated funds & expenses) of HK$-85K vs. last year of
HK$-205.3K.
YTD total loss (i.e. incl designated funds & expenses) of HK$-205K, vs. last year of HK$90.6K
2. Cash Position
Cash balance as at Oct 31: HK$655K
Liabilities & Accruals: HK$591K
Free Cash Balance: HK$64K
3. Other Items to Note
Designated offerings: HK$425K vs. Designated Expenses: HK$545
Separation of functions between CAN Secretary and Accountant
Compensation for Music Ministry
Parsonage car park rented out during interim pastor coverage

CAN Monthly Free Cash Balance Trend

2013-2014 Fiscal Year by Month
Available Cash Balances
Checking Acct 290084601
HKD Savings Acct 597046211
USD Savings Acct 590424910
Undeposited Cash
Petty Cash
Luth Church Extension Fund Steward Acct
Receivable from Northwest District
Total Available Cash

Apr

May

547,139
65,163
8,415
1,330
368,396
133,185
1,123,629

566,921
65,164
8,416
4,732
422,681
3,510
1,071,424

476,453
65,164
8,409
20,235
2,022
353,698
8,190
934,171

416,961
65,165
8,409
27,564
2,022
292,441
15,990
828,552

226,039
65,165
8,408
28,500
13,541
288,879
27,300
657,831

265,122
65,166
8,408
37,663
8,491
289,857
80,340
755,047

325,843
65,166
22,381
6,873
147,835
86,580
654,679

380,109

468,617

471,617

289,811

304,503

302,630

24,000
299,892
54,000
15,585
240,000
633,477
1,013,585

24,000
184,527
54,000
15,585
154,100
432,212
900,829

24,000
184,527
54,000
15,585
68,200
346,312
817,929

24,000
179,422
54,000
15,585
17,300
290,307
580,118

24,000
179,422
54,000
15,585
15,237
288,244
592,747

24,000
179,422
54,000
15,585
15,237
288,244
590,875

Restrictions on Cash - Designated Funds & Accruals

Designated Funds
266,020
Accruals
Home Leave (formerly Pastor's Conferences)
24,000
Moving
299,892
Auto Replacement
54,000
National Youth Gathering
15,585
Major Maintenance - Parsonage
240,000
Subtotal Accruals
633,477
Total Designated Funds & Accruals
899,497
Drawdown - Designated Funds & Accruals
Designated Funds
Accruals
Home Leave (formerly Pastor's Conferences)
Moving
Auto Replacement
National Youth Gathering
Major Maintenance - Parsonage
Subtotal Drawdown
Drawdown - One-off Items
Subtotal Drawdown - One-off items
Free Cash Balance

Jun

Jul

Aug

Sep

Oct

Nov

(114,089)

(88,508)

(3,000)

181,807

(14,692)

1,873

44,109
44,109

(114,089)

115,365
85,900
112,757

85,900
82,900

5,105
50,900
237,811

2,063
(12,630)

1,873

224,132

57,838

33,343

10,623

77,714

162,300

63,804

Dec

Jan

Feb

Mar

CAN Monthly Collections & Expense Trend

2013-2014 Fiscal Year by Month
Apr
245,423
90,235
335,657

May
149,712
115,394
265,107

Jun
243,971
127,077
371,048

Jul
49,554
3,161
52,715

Aug
123,656
39,519
163,175

Sep
228,373
46,319
274,693

Oct
161,958
3,281
165,239

Regular Expense
Designated Gift Expense
Total Expense

163,688
253,336
417,024

316,179
1,133
317,312

270,940
36,096
307,035

72,435
72,435

62,724
215,167
277,891

138,108
37,306
175,414

263,735
1,873
265,608

Net Income

(81,367)

(52,205)

64,013

(19,720)

(114,716)

99,279

(100,368)

81,734
81,734

(166,466)
(84,732)

(26,968)
(111,700)

(22,881)
(134,581)

60,932
(73,649)

90,265
16,616

(101,777)
(85,160)

General Offerings
Designated Offerings
Total Offerings

Gen'l. Offering Less Regular Expenses

Cumulative
2013-2014 Fiscal Year to Date

Apr
245,423
90,235
335,657

May
395,135
205,629
600,764

Jun
639,106
332,706
971,812

Jul
688,660
335,867
1,024,527

Aug
812,316
375,385
1,187,702

Sep
1,040,690
421,705
1,462,394

Oct
1,202,648
424,986
1,627,634

Regular Expense
Designated Gift Expense
Total Expense

163,688
253,336
417,024

479,867
254,469
734,336

750,806
290,565
1,041,371

823,241
290,565
1,113,806

885,965
505,731
1,391,697

1,024,073
543,037
1,567,110

1,287,808
544,910
1,832,718

Net Income

(81,367)

(133,572)

(69,559)

(89,279)

(203,995)

(104,716)

(205,085)

81,734

(84,732)

(111,700)

(134,581)

(73,649)

16,616

(85,160)

General Offerings
Designated Offerings
Total Offerings

Gen'l. Offering Less Regular Expenses

Nov

Dec

Jan

Feb

Mar

Church of All Nations

8 South Bay Close
Repulse Bay
Hong Kong

Balance Sheet
As of October 2013
11/12/2013
3:57:43 PM
Assets
Current Assets
Cash On Hand
Checking 290084601
HKD Savings 597046211
USD Savings 590424910
Petty Cash
LCEF Steward Account
Receivable from NW District
Other Assets
Prepaid Expenses
Def Rev-Des Fnd (not addl cash
Total Other Assets
Property & Equipment
Buildings
Buildings Org Cost
Total Buildings
Total Property & Equipment
Total Assets
Liabilities
Designated Funds
ALEA Schmidt Grand Fund
Parsonage Project
Elders' Discretionary Fund
Guangling Scholarship Fund
Megan Birney Support
Youth Worship Band
Mbrs Abrd to honor Koehnekes
Manila Mission Trips
Street Sleeper Fund
Total Designated Funds
Restricted Funds - Accrual
Accrual - Home Leave
Accrual - Moving
Accrual - Auto Replacement
Accrual - Nat Yth Gathering
Accrual - Major Maint. Parsona
Long-Term Liabilities
Bank Loans
Total Long-Term Liabilities
Total Liabilities
Net Assets
Equity
Prior Year's Surplus
One-time Adj to Exp Accruals
Exp Accr Adj to Ret'd Earnings
Retained Earnings
Current Earnings
Total Equity

$325,842.80
$65,166.45
$22,381.37
$6,872.90
$147,835.42
$86,580.00
$18,569.69
$302,630.10
$321,199.79
$2,727,200.00
$2,727,200.00
$2,727,200.00
$3,703,078.73

$18,018.00
$39,500.00
$123,585.74
$6,240.00
$13,791.36
$24,670.00
$76,435.00
$352.00
$38.00
$302,630.10
$24,000.00
$179,422.00
$54,000.00
$15,585.00
$15,237.40
$0.00
$590,874.50
$3,112,204.23
$2,790,312.60
$950,000.00
($60,000.00)
($363,023.83)
($205,084.54)
$3,112,204.23

Church of All Nations

8 South Bay Close
Repulse Bay
Hong Kong

Profit & Loss [Budget Analysis]

April 2013 through October 2013
11/12/2013
4:16:21 PM
Selected Period
Income
Collections - General
Designated Funds
30-hour Famine
Total Designated Funds
ALEA Schmidt Grand Fund
Parsonage Project
Collections - Guangling Schola
2013 Kunming Service Trip
Philippines Service Project
CWEF Fund General Gifts
Summer VBS
Mbrs Abrd to honor Koehnekes
Manila Mission Trips
Interest & Misc Income
Total Income

Budgeted

$ Difference

% Difference

$1,202,647.80

$1,929,497.50

($726,849.70)

(37.7%)

$32,351.60
$32,351.60
$18,018.00
$74,500.00
$6,240.00
$23,467.93
$3,840.00
$78,000.00
$500.00
$160,290.00
$8,500.00
$19,278.22
$1,627,633.55

$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,929,497.50

$32,351.60
$32,351.60
$18,018.00
$74,500.00
$6,240.00
$23,467.93
$3,840.00
$78,000.00
$500.00
$160,290.00
$8,500.00
$19,278.22
($301,863.95)

NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
(15.6%)

$1,627,633.55

$1,929,497.50

($301,863.95)

(15.6%)

$1,911.90
$1,296.10
$3,555.09
$2,733.53
$9,496.62

$5,250.00
$2,920.00
$11,670.00
$2,920.00
$22,760.00

($3,338.10)
($1,623.90)
($8,114.91)
($186.47)
($13,263.38)

(63.6%)
(55.6%)
(69.5%)
(6.4%)
(58.3%)

$363,299.58
$0.00
$67,365.42
$0.00
$0.00
$43,178.79
$15,000.00
$238,809.90
$25,000.00
$45,550.00
$6,215.00
$804,418.69
$804,418.69

$433,770.00
$9,335.00
$148,750.00
$18,670.00
$136,500.00
$5,835.00
$25,000.00
$303,335.00
$25,000.00
$52,500.00
$0.00
$1,158,695.00
$1,158,695.00

($70,470.42)
($9,335.00)
($81,384.58)
($18,670.00)
($136,500.00)
$37,343.79
($10,000.00)
($64,525.10)
$0.00
($6,950.00)
$6,215.00
($354,276.31)
($354,276.31)

(16.2%)
(100.0%)
(54.7%)
(100.0%)
(100.0%)
640.0%
(40.0%)
(21.3%)
0.0%
(13.2%)
NA
(30.6%)
(30.6%)

$117,715.85
$4,383.45
$9,108.40
$11,192.83
$6,056.54
$20,002.60
$0.00
$14,000.00
$10,894.00
$780.00
$1,127.00
$5,600.00
$200,860.67

$107,675.00
$5,016.70
$11,670.00
$14,585.00
$7,000.00
$32,085.00
$5,835.00
$15,750.00
$9,335.00
$1,750.00
$8,750.00
$5,835.00
$225,286.70

$10,040.85
($633.25)
($2,561.60)
($3,392.17)
($943.46)
($12,082.40)
($5,835.00)
($1,750.00)
$1,559.00
($970.00)
($7,623.00)
($235.00)
($24,426.03)

9.3%
(12.6%)
(22.0%)
(23.3%)
(13.5%)
(37.7%)
(100.0%)
(11.1%)
16.7%
(55.4%)
(87.1%)
(4.0%)
(10.8%)

$382.00
$0.00

$3,500.00
$7,000.00

($3,118.00)
($7,000.00)

(89.1%)
(100.0%)

Cost Of Sales
Gross Profit
Expenses
Expense - Education
1st Communion/Confirmation
Church Library
Children's Ministry
Small Group Ministry
Total Expense - Education
Expense - Elders
Salaries & Benefits
Pastoral Staff
Professional Growth
Medical/Pension Expenses
Home Leave (Accrual)
Moving Allowances
Substitute Pastor
Worship Leader - Journey Svc.
Director of Family Ministry
FPSC Coordinator Salary
Bus Transportation
New Pastor Visits to Hong Kong
Total Salaries & Benefits
Total Expense - Elders
Church Office & Supplies
Church Secretary
Secretary Provident Fund
Staff Recognition & Apprec.
Paper/Printing/Postage
Altar Supplies
Parish Supplies
Office Stationery Supplies
Nursery
Telephone
CAN Website
Office Equipment
Copier Contract
Total Church Office & Supplies
Music
Music Ministry Supplies
Music Honorariums

Does not include planned expense accruals

Church of All Nations

Profit & Loss [Budget Analysis]
April 2013 through October 2013
11/12/2013
4:16:21 PM
Selected Period
Organists
Total Music
District Expenses
LCMS NW District Pledge
NW District Conference
Total District Expenses
Pastoral and T&E
Pastoral Expenses
Total Pastoral and T&E
Expense - Outreach & Fellows
Tracts & Materials
Advertising
Fellowship Events
Children and Family Outreach
Total Expense - Outreach & Fellows
Trustees
Maintenance - Church
Gen Building & Maint
Organ Repair & Maint. Contract
Total Maintenance - Church
Parsonage
Gen Maintenance
Major Maint Proj Parsonage
Insurance
Utilities
Management Fees
Parsonage Gvt. Rates
Parsonage Other
Total Parsonage
Expense - Auto
Auto Operation
Total Expense - Auto
Loan Interest
Bank Fees
Gain/Loss from Exchange
Total Loan Interest
Total Trustees
Expense - Social Ministry
Mission and Welfare
Carol Halter Ministry
Concordia English Center Macau
Philippine Ministry
CCS Manila
Jiangmen Trip Seminarian Fund
Service Trips Seed Money
CWEF Hong Kong
Service Trips - Grants
Total Expense - Social Ministry
Expense - Youth Ministry
Board of Youth
Youth Material & Resources
Total Expense - Youth Ministry
Expense - Filipina Ministry
Filipina Min - Outings/Celebra
Filipina Min - Other
Filipina Min - Lunch Contrib
Total Expense - Filipina Ministry
Expense - Designated Funds
Parsonage Project
30 Hour Famine
Elders' Discretionary Fund
Summer VBS
CCS Philippines (CAN 50th)
50th Anniversary Thankoffering

Does not include planned expense accruals

Budgeted

$ Difference

% Difference

$20,000.00
$20,382.00

$28,000.00
$38,500.00

($8,000.00)
($18,118.00)

(28.6%)
(47.1%)

$31,518.47
$4,124.25
$35,642.72

$58,335.00
$0.00
$58,335.00

($26,816.53)
$4,124.25
($22,692.28)

(46.0%)
NA
(38.9%)

$2,238.50
$2,238.50

$5,835.00
$5,835.00

($3,596.50)
($3,596.50)

(61.6%)
(61.6%)

$8,540.22
$2,000.00
$26,745.00
$16,416.13
$53,701.35

$8,750.00
$4,085.00
$20,420.00
$4,670.00
$37,925.00

($209.78)
($2,085.00)
$6,325.00
$11,746.13
$15,776.35

(2.4%)
(51.0%)
31.0%
251.5%
41.6%

$4,800.00
$0.00
$4,800.00

$5,835.00
$1,460.00
$7,295.00

($1,035.00)
($1,460.00)
($2,495.00)

(17.7%)
(100.0%)
(34.2%)

$2,710.90
$0.00
$1,600.00
$7,506.75
$22,200.00
$37,686.00
$0.00
$71,703.65

$11,670.00
$23,335.00
$1,750.00
$1,750.00
$23,335.00
$30,335.00
$58,335.00
$150,510.00

($8,959.10)
($23,335.00)
($150.00)
$5,756.75
($1,135.00)
$7,351.00
($58,335.00)
($78,806.35)

(76.8%)
(100.0%)
(8.6%)
329.0%
(4.9%)
24.2%
(100.0%)
(52.4%)

$17,482.50
$17,482.50

$17,500.00
$17,500.00

($17.50)
($17.50)

(0.1%)
(0.1%)

$200.12
$145.78
$345.90
$94,332.05

$2,916.70
$1,750.00
$4,666.70
$179,971.70

($2,716.58)
($1,604.22)
($4,320.80)
($85,639.65)

(93.1%)
(91.7%)
(92.6%)
(47.6%)

$30,152.00
$0.00
$10,500.00
$0.00
$5,831.00
$0.00
$10,074.00
$0.00
$0.00
$56,557.00

$104,189.20
$5,835.00
$10,500.00
$8,750.00
$5,835.00
$5,835.00
$11,670.00
$5,835.00
$11,670.00
$170,119.20

($74,037.20)
($5,835.00)
$0.00
($8,750.00)
($4.00)
($5,835.00)
($1,596.00)
($5,835.00)
($11,670.00)
($113,562.20)

(71.1%)
(100.0%)
0.0%
(100.0%)
(0.1%)
(100.0%)
(13.7%)
(100.0%)
(100.0%)
(66.8%)

$1,321.00
$2,257.60
$3,578.60

$5,835.00
$0.00
$5,835.00

($4,514.00)
$2,257.60
($2,256.40)

(77.4%)
NA
(38.7%)

$3,600.00
$0.00
$3,000.00
$6,600.00

$5,835.00
$1,750.00
$2,916.70
$10,501.70

($2,235.00)
($1,750.00)
$83.30
($3,901.70)

(38.3%)
(100.0%)
2.9%
(37.2%)

$35,000.00
$36,095.60
$45,002.26
$500.00
$74,590.00
$39,300.00

$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$35,000.00
$36,095.60
$45,002.26
$500.00
$74,590.00
$39,300.00

NA
NA
NA
NA
NA
NA

Church of All Nations

Profit & Loss [Budget Analysis]
April 2013 through October 2013
11/12/2013
4:16:21 PM
Selected Period
Shenzhen Ministries (50th Ann)
Carol Halter Ministry
CWEF - General Gifts
Mbrs Abrd to honor Koehnekes
Manila Mission Trip 2011-2012
2013 Kunming Service Trip
Philippines Service Project
Total Expense - Designated Funds
Total Expenses
Net Profit/(Loss)

Does not include planned expense accruals

$31,200.00
$56,963.17
$78,000.00
$83,855.00
$8,148.00
$52,415.86
$3,840.00
$544,909.89
$1,832,718.09
($205,084.54)

Budgeted

$ Difference

% Difference

$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,913,764.30

$31,200.00
$56,963.17
$78,000.00
$83,855.00
$8,148.00
$52,415.86
$3,840.00
$544,909.89
($81,046.21)

NA
NA
NA
NA
NA
NA
NA
NA
(4.2%)

$15,733.20

($220,817.74)

(1,403.5%)