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DEEPDENE UNITING CHURCH
STATEMENT OF INCOME AND EXPENDITURE FOR 2017
DRAFT BUDGET 2018


2017 Budget
2017 Actual
2018 Budget
Notes
OPERATING INCOME
 $
 $
$

Offerings:  systematic offerings, open plate, Sunday School
95,000
95,767
95,000
1
Property Income - Residential Rent
20,000
42,392
45,000
2
Property Income - Hall Hire
48,000
50,346
52,000
3
Miscellaneous Receipts Non Capital
1,000
1,084
1,000

Interest and distribution
1,500
1,520
1,500

GST net receipts
-1,200
1,246
1,250

Mission Fund Interest for missional purposes
85,000
0
82,000
4

249,300
192,355
277,750

OPERATING EXPENDITURE




Minister Stipends and Allowances
137,000
88,894
114,000
5
Workcover Insurance
3,000
0
5,600
6
Youth worker
35,000
9,034
38,000
7
Mission Activity
4,000
4,000
4,000
8
Mission and Service Giving
10,800
10,800
10,800
9
Christian Education - Sunday School
1,300
1,262
1,800
10
Youth Fund
4,500
-
4,000
11
Organist
10,000
11,276
11,502
12
Organ Servicing
0
3,909
8,000
13
Music
1,500
76
100

Secretarial Assistance
15,600
15,590
15,902
14
Telephone Postage Advertising Office
3,400
2,887
2,945
15
Insurance
8,000
9,944
10,342
16
Caretaking and Cleaning
8,320
8,266
8,431
17
Electricity, Gas, Water, Rates
20,040
19,101
25,000
18
Maintenance 
10,000
5,761
16,000
19
Miscellaneous Payments and Contingencies
1,000
1,062
1,000


273,460
191,863
277,421

OPERATING SURPLUS/(DEFICIT) FOR THE YEAR
(24,160)
492
329

Add: NON-OPERATIONAL INCOME




Mission Fund Interest and UCA Reimbursement
0
129,626
48,000
20
NET SURPLUS/(DEFICIT) FOR THE YEAR
(24,160)
130,118
48,329






FUNDS AVAILABLE IN BANKS & OTHER INVESTMENTS




Bank Balance as at 01 January
121,939
70,242
201,633

Add/(less): Net surplus/(deficit) for the year
(51,697)
130,118
48,329

Add: Grants Received and Transferred to Reserves
0
                   -  
0


70,242
200,360
249,962






Assumptions and notes:




1  Offerings maintained at 2017 levels




2  Flats rental for full year, at current rate; Naroo Street rental for six months, at current rate
3  Based on signed licence agreements.  Perhaps optimistic as some arrangements may be reduced. 
Virtually impossible to increase usage.




4  Part of 2018 IOMF interest allocated to mission activities in 2018:  youth worker $36.000; mission activities $4,000; youth fund $4,000; 0.5 minister for six months $38,000)

5  Full-time minister for year; 0.5 minister for six months, based on 2018 salary rates

6  2017 Workcover account not received by 31 December so 2017 and 2018 to be paid in 2018
7  Part-time (0.4) youth worker for 12 months, based on 2018 salary rates; funded from IOMF
8  Youth budget for use, under guidelines, by youth worker



9  Contribution to external bodies - Boroondara Community Outreach, North Korean Tebah Mission, Uniting World - matching special fund-raising efforts

10  Maintenance of 2017 contribution




11  Allows for CPI increase of 2 per cent plus additional materials to provide for 12 - 15 year olds
12  Allows for CPI increase of 2 per cent (to be checked)



13   Significant organ expenditure required in 2018; plan for special fund raising for half of anticipated cost

14   Allows for CPI increase of 2 per cent




15  Allows for CPI increase of 2 per cent




16  Allows for increase of 4 per cent




17  Allows for increase of 2 per cent
18  Allows for increase of 2 per cent plus additional rates on Naroo Street because let as residential property
19  Estimate, to be confirmed by Property Committee; conservative because of regional planning.  Also allows for special required maintenance on church flats and manses, required following Synod property audit.










DEEPDENE UNITING CHURCH


SPECIAL PURPOSE FUNDS AND TRUST FUNDS


for year to 31 December 2018







SPECIAL PURPOSE FUNDS
Balance
IN
OUT
Balance
for use within DUC
01-Jan-17


31-Dec-17
Disability Access
13,272
30
0
13,302
Additional Worship Space
11,476
0
440
11,036
Morning Tea Facility
0
7,000
7,000
0
Audio-visual Fund
-819
1,110
291
0
Boroondara Council grant - for laptop*
880
0
804
76
Centenary Celebrations*
925
10
610
325
Music Fund  - from concerts
1,624
1,379
807
2,196
Security Fence
1,478
0
1,478
0
Stones Project
100
35
0
135
Boroondara Council grant - for art project
0
2,290
0
2,290

28,936
11,854
11,430
29,360





TRUST FUNDS
Balance
IN
OUT
Balance
for distribution to external bodies
01-Jan-17


31-Dec-17
North Korean Mission
396
1,406
1,150
652
Card making for Uniting World
317
1,119
1,250
186
Samaritan's Purse
68
109
95
82
Share Appeal (Jam money)
0
1,674
1,674
0
Share and Lenten Appeals
0
433
433
0
Balwyn Chaplaincy
0
263
263
0

781
5,004
4,865
920





BANK ACCOUNTS
01-Jan-17
IN
OUT
31-Dec-17
Cash at Bank (CBA)
11,858
319,327
281,131
50,054
UCA Funds 1
4,843
70,723
0
75,566
UCA Funds 2
53,541
22,847
0
76,388

70,242
412,897
281,131
202,008