November 2012 Budget and Statement of Available Taxable Income

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1 Agape Metropolitan Community Church Treasurer s Report November 2012 Attached are the financial reports for the month of November Attendance for the month averaged 84 for the 4 weeks of the month. This is up from the 104 average in October November Income and Expenses: Tithes were under budget for the month with a total of $7, vs. a budget of $11, for a total of $4, under budget. Total Income for month was under budget by $4, Total Expenses were under budget for month with a total of $10, vs. a budget of $12, for a total of $1, under budget. Result Net income of $2, under budget for November Net income of $27, under budget for year to date Currently we have $ in our growth and expansion fund. Our Benevolence Fund is currently at $ M. Wilkerson Scholarship Fund is currently at $1, God is good all the time and all the time God is good. Respectfully submitted, Billy Stewart Billy Stewart Treasurer

2 3:50 PM Agape' Metropolitan Community Church Cash Basis November 2012 Nov 12 Budget $ Over Budget Ordinary Income/Expense Income Gas Royalty Rent Other Income Tithes/Offerings Sunday AM Service 7, , , Total Tithes/Offerings 7, , , Miscellaneous Income Coffee House Meet and Eat Total Miscellaneous Income Total Income 7, , , Expense Bank Service Charges Music Program Guest Musicians Total Music Program Administrative Expenses Clergy License Internet/Computers Copier Lease Telephone Office Supplies Total Administrative Expenses Property Management Security Expense Dumpster Service Utilities Gas Water Electric - Security Light Electric - Church Total Utilities , Insurance-Multi Peril Mortgage Payment Cleaning Supplies Yard Maintenance Total Property Management 2, , Tithes UFMCC , Total Tithes , Other Expenses Meet and Eat Expense Hospitality Expense Total Other Expenses Page 1

3 3:50 PM Agape' Metropolitan Community Church Cash Basis November 2012 Nov 12 Budget $ Over Budget Payroll Expenses Payroll Taxes Building Cleaning Minister of Community Life 1, , Senior Pastor 3, , Data Entry Music Department Simple IRA Match Housing 1, , Health Insurance Payroll Expenses - Other 6.19 Total Payroll Expenses 6, , Total Expense 10, , , Net Ordinary Income -3, , Net Income -3, , Page 2

4 3:51 PM Agape' Metropolitan Community Church Cash Basis January through November 2012 Jan - Nov 12 Budget $ Over Budget Ordinary Income/Expense Income Gas Royalty 1, , , Rent Other Income 1, Tithes/Offerings Seasonal Services Sunday AM Service 90, , , Total Tithes/Offerings 90, , , Miscellaneous Income Holy Union Pride Shop 1, , , Coffee House Open Door Productions 4, , Meet and Eat 1, , Miscellaneous Income - Other Total Miscellaneous Income 8, , Total Income 103, , , Expense Bank Service Charges Conferences Training Conf General Conf Total Conferences Education Program Edu. Materials Sunday School Total Education Program Music Program Guest Musicians 1, Copyrights Choir Music Total Music Program 1, , Worship Flower Expense Res. Material Altar Supplies Total Worship Administrative Expenses Meals & Entertainment Clergy License Internet/Computers 1, Copier Lease 3, , Telephone Office Supplies Total Administrative Expenses 5, , Property Management Building Repair 0.00 Security Expense Dumpster Service 1, Utilities Gas , Water 2, , , Electric - Security Light Electric - Church 5, , , Total Utilities 10, , , Insurance-Multi Peril 5, , Mortgage Payment 9, , Cleaning Supplies Yard Maintenance Total Property Management 27, , , Tithes Pension 1, , UFMCC 12, , , Total Tithes 13, , , Page 1

5 3:51 PM Agape' Metropolitan Community Church Cash Basis January through November 2012 Jan - Nov 12 Budget $ Over Budget Other Expenses Pride Shop Expenses Open Door Productions Expense Garage Sale Expense Meet and Eat Expense , Hospitality Expense 1, , Pride Week Total Other Expenses 2, , Payroll Expenses Payroll Taxes 4, Building Cleaning 3, , Minister of Community Life 11, , Senior Pastor 34, , Data Entry 1, , Music Department 2, , , Worker's Compensation Insurance Simple IRA Match , , Education Housing 14, , Health Insurance 3, , Payroll Expenses - Other Total Payroll Expenses 75, , Total Expense 127, , , Net Ordinary Income -23, , , Net Income -23, , , Page 2

6 Agape' Metropolitan Community Church Balance Sheet As of November 30, 2012 Nov 30, 12 ASSETS Current Assets Checking/Savings Chase - Debit Card Checking Total Checking/Savings Other Current Assets NFS - M Wilkerson Scholarship F 1, Total Other Current Assets 1, Total Current Assets 2, Fixed Assets Land 158, Building 536, Total Fixed Assets 694, Other Assets Grounds 2, Electronics 14, Artwork 12, Books 5, Fixtures 18, Furniture 38, Kitchen Equipment 2, Maintenance Equip 5, Office Equipment/Supplies 6, Music 26, Total Other Assets 132, TOTAL ASSETS 829, LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities Life Pantry Scholarship Awards 1, Building Maintenance Fund 5.00 Security Sys Fund/HVAC Rep Fund 6, Children's Education 3, Media Center 2, Growth and Expansion Benevolence Fund Delegates' Fund Payroll Liabilities Total Other Current Liabilities 16, Total Current Liabilities 16, Long Term Liabilities Social Hall Loan 71, Total Long Term Liabilities 71, Total Liabilities 87, Equity Opening Bal Equity 448, Retained Earnings 316, Net Income -23, Total Equity 741, TOTAL LIABILITIES & EQUITY 829,139.78