Sample Annual Statmt of Activities #1 at a Church 5706-07 ZZchu

                                                                 - - - Rejoice in the Lord always ... again I say Rejoice !!! - - -


                                           TO:  Interested Churches                                                                                        FROM: Jim Bramer
                                                                                                                                                                                   FILE: 5706-07/Chu

                                           RE: 
Church Sample Annual Statement Of Activities # 1                                 UPTD:  April 24, 2010



SAMPLE CHURCH
STATEMENT OF ACTIVITIES #1
For the Years Ended June 30, XXX9 and June 30, XXX8

Temporarily

   Total

   Total

Unrestricted

  Restricted

This Year

Last Year

SUPPORT AND REVENUE:

   Contributions

       General

$807,679

$

$807,679

$760,171

       Restricted

171,978

171,978

196,057

   Activity Reimbursement

35,212

60,599

95,811

(1)

   Other Income

9,329

9,329

3,439

   Released Restrictions (2)

243,877

(243,877)

0

            0

            Total

1,086,768

(1,971)

1,084,797

959,667

EXPENSES:

   Staffer Costs

433,942

433,942

432,010

   Church Operations
      See (1) re last year

384,741

384,741

242,947

   Missions

164,261

164,261

117,503

   Depreciation

70,389

70,389

33,684

           Total

1,053,333

1,053,333

826,144

NET ASSETS

   Yearly Changes

33,435

(1,971)

31,464

133,523

   Begin of Yr Balances

3,096,017

130,391

3,226,408

3,092,885

End of Yr Balances

$3,129,452

$128,420

$3,257,872

$3,226,408

                                 

(1) Net of Activity Reimbursement of last year.

          (2)  As to the "Released Restrictions" of  $243,877 above, please Go Here  for more explanation of GAAP, but it is necessary to show the reader of the year end financial statements that restricted donations were released and used for said purposes.   We believe that this can best be done at end of the year only ... or NOT attempt to do this during the year as it does NOT contribute to needed Management decision making information.  In the above example,  the verified restricted monies was $130,391 at the beginning of the year, plus $128,420 at the end of the year, and the verified restricted Income was $171,978, $60,599 plus $9,329.  So you move all of the Expenditures to the "Unrestricted" column and  "back into"  the $243,877 so you can provide the needed GAAP "Released Restrictions" data.

                             


     Please Click here for list of Church resources here on www.bcidot.orgThis was UPTD: April 24, 2010

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