Page 20 - Final Annual Report 2020

Pilgrim Church

Local Ministry Fund
Statement of Revenue, Expenses and Fund Balances
for the Year Ended December 31, 2020
and Budgets for the Years 2020 and 2021

2020 2021
Budget Actual Budget
Revenue
Pledges $444,300 $408,934 $459,000
Reserve 0 0 (25,000)
Unpledged Donations 21,400 21,750 10,200
Donated Services 0 0 0
Preschool Rental Income 0 0 0
Funded Program Fees/Donations - CE 3,600 318 3,600
Funded Program Fees/Donations - Other (1) 0 0 0
Facility Use Fees & Donations 3,500 2,000 3,500
Investment Income 7,700 3,294 7,700
Total Revenue 480,500 436,296 459,000

Expenses
Minister - Compensation 111,000 111,200 111,800
Minister - Reimbursable & Support Expenses 9,000 6,700 6,700
Christian Education - Compensation 64,000 67,800 63,000
Christian Education - Supplies & Expenses 11,600 4,700 4,700
Christian Education - Funded Programs 4,500
Sacred Arts - Compensation 69,200 69,100 68,500
Sacred Arts - Expenses 5,000 3,280 3,300
Church Administrator/Finance -
Compensation 66,400 61,400 26,900
Administrative Supplies & Expenses 18,000 16,180 15,000
Information Technology 9,400 12,200 11,000
UCC Related Dues & Expenses 9,100 690 9,100
Congregational Ministry - Compensation 22,650 23,100 22,700
Congregational Ministry - Expenses 3,600 1,570 1,600
Transfer to Property Maintenance Fund 0 0 25,000
Church Building 57,000 56,000 57,000
Parsonage 5,700 5,900 5,600
Insurance 22,500 21,100 25,100
Other Funded Programs 0 870 400
Stabilization 2,500
Missions 13,000
Salary/Benefit Savings (15,000)
Deaconate 1,800 752 1,100
Total Expenses 490,450 462,542 459,000

Revenue Over (Under) Expenses ($9,950) ($26,246) $0

Beginning Fund Balance $144,226

Ending Fund Balance $117,980

16