2018 Finance Report

Overview

This is the 2018 financial report for Quartz Hill Community Church. It starts with this overview of the year. Following the overview there is detailed information about fund balances and the budget.

Overall 2018 was another good year financially. Ongoing expenses continue to be low which helps maintain our financial stability. Giving to the General Fund dropped to $51,589 which is about $16,000 less than 2017. This was also well below our our published budget of $62,860. General Fund spending, however, was also low at $48,238. Business and Pastor expense were close to budget, while Building and Ministry were well under budget. The net result is we ended the year with $28,260 in the General Fund which is an increase of about $1,000 compared to the end of 2017.

A major area of spending in 2018 was on our building. This is shown in Renovation Fund spending as well as building maintenance. Major renovation spending included $7,850 to replace our back air conditioner and $1,750 for our sanctuary monitor. Building maintenance included many improvements and work day projects. The net result is we spent about $9,00 on renovation and $3,200 on building maintenance.

We spent almost $3,200 on ministry which is considerably up from previous years but below our budgeted $6,000. Community outreach included participation in community fairs, project hydrate, and Angel Tree. Money was also spent on Women's ministry and Christian education.

Balances

The table below shows the balances of the various QHCC funds at the end of each month in 2018. The chart below the table shows the General Fund history. The chart includes unpaid bills in the General Fund balance to show when we are behind. All funds are contained in the QHCC Account, which means that the QHCC Account column is a total of the rest. Most income and spending occurs through the General Fund.

The Parsonage Fund has funds from the parsonage sale. It is being used to help fund our renovation with some being held in reserve to support future pastor housing needs. The Renovation Fund shows funds currently available for renovation. A formal offering for the Deacon Fund is taken in every communion service but can be donated to at any time. It is used to help people in need at the discretion of the deacons. The Holding Fund is designed to hold funds needed to pay irregular large bills such as the property tax. Periodically youth at the church raise money and this money is stored in the Youth Fund.

The Temporary Fund should normally show zero balance. The Temporary Fund covers money taken in for things not budgeted, such as a sudden need, a special offering, or a short-term project.

Here is the chart showing the General Fund balances, income and expenses throughout the year.

Here is the chart showing the status of the parsonage and renovation accounts.

Budget

This table shows the how income and spending compare with the budget throughout the year. The left-hand column shows the budget categories and sub-categories. Next to it the Budget Column shows the monlthy budgeted amounts for each category. The next columns show the income and spending for each month. The Total YTD Column shows the total income and spending for the year to date. The Budget YTD Column shows the amount budgeted for the year to date. The Difference Column shows the difference between actual income and spending and the budget for the year to date. The Annual Budget Column shows the yearly budget amounts.

This chart shows spending compared to the budget for the major budget categories.