Financial Info Night Summary

We had our annual Financial Info Night a few weeks ago.  If you missed it, we encourage you to pick up one of the booklets at the Info Table.

Here is a brief version (please do see the booklet since it explains some of the numbers and vision in detail):

1. Operations

Income:
Offerings        $432,244
30% fund.      $129,673
Other.             $57,020
Oper. Inc.       $360,185

Expenses:    $346,906

Operational Surplus: $13,280

2015 actual expense graph

 

2. Capital

Designated income $21,512
Mortgage payment  $21,512
Balance.                                0

3. Total Income:

$453,856

4. 30% Fund:

Income                           $129,673
Balance Forward          $10,361
Total income                 $140,034

Expenses                        $137,494
Surplus fwd                   $2,540
Total                               $140,034

30% fund 2016 expense budget graph

WCV Mortgage

Original Mortgage Amount $866, 826
Dec. 31, 2015 Balance $486, 537
WCV has reduced the mortgage in 16 years by $320, 289
Amount paid in 2015 $21, 512

What do you think about this?