2021 Finance Report

Overview

This is the 2021 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.

Most of 2021 was fairly quiet. We settled into pandemic life but the pandemic continues to make activity difficult. Unfortunately 2021 ended in tragedy as our Pastor, Robin Nettelhorst, passed away suddenly.

Like 2020 most of our giving came online. It was fairly steady but did not keep up with expenses. The result was our General Fund dropped about $7,000, finishing the year at $22,203 Other funds remained level, the most notable being our renovation fund at $40,564.

Balances

The table below shows the balances of the various QHCC funds at the end of each month in 2021. The chart below the table shows the General Fund history. 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 Renovation Fund shows funds currently available for renovation. It is being used to help fund our 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. 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 income and expenses throughout the year.

Here is the chart showing the General Fund balances throughout the year.

Here is the chart showing the balance of the renovation account.

Here is the chart showing other selected balances.

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.