Financial Report for 2010/11 Fiscal Year..

The Synod took a big step in the right direction financially in2010/11. The synod ended $21,175 in the black! This is such great news because the previous two years the synod ended the year taking a big chunk out of general fund balance ($85,780 in 2009/10 and $49,077 in 2008/09).

 

Mission Support totaled $1,468,646 for the fiscal year ending January 31, 2011. Mission Support is still decreasing a little each year ($1,451,802 in 2009/10 and $1,537,895 in 2008/09). A small shift in giving occurred this year with individuals who wanted to support the synod’s efforts contributed directly to the synod. This totaled $13,920 for the fiscal year. Another
addition to our income this year was the Reformation and All that Jazz event that was created to support synod ministries, that raised $11,300 this year. Total income for the year was $1,489,821 which is a little less than the previous year ($1,535,608).

 

Total expenditures for the fiscal year came in at $1,467,922 which includes $678,177 sent to churchwide and $78,592 sent to other organizations designated in our budget. Expenditures were significantly lower this year due to staff and council reducing expenditures well below the levels approved by previous synod assemblies and cutting two staff positions in March 2010. About $35,000 in severances were paid when the positions were eliminated, so some of the saving from the loss of the staff positions will not be realized until next year. Fiscal 2009/2010 total expenditures were at $1,621,328 which means $153,406 less was spent the fiscal year just ended.

 

2012/13 Reports:

2012/13 Approved Budget

2011/12 Reports:

2011/12 Approved Budget with Current Spending Plan

2010/11 Reports:

Revenue & Expense vs. Budget Report Feb. 2010 - Jan. 2011

Balance Sheet Feb. 2010 - Jan. 2011

2009/10 Reports:

Revenue & Expense vs. Budget Report Feb.2009 - Jan. 2010

Balance Sheet Feb. 2009 - Jan. 2010