October 27, 2021 Quarterly Business Meeting - Page 2

INDIAN ROCKS BAPTIST CHURCH
STATEMENT OF GENERAL BUDGET ACTIVITIES
For the Three Months Ended September 30 , 2021
Over ( Under )
Revenue
Actual
Budget
Budget
Tithes & Offerings
$
1,323,099
$
1,430,000
$
( 106,901 )
IRCS Reimbursement
278,765
278,765
-
Faith Promise Reimbursement
14,475
14,475
-
Thrift Center Reimbursement
58,660
58,660
-
ROM Reimbursement
1,000
2,000
( 1,000 )
Special Events
44
2,499
( 2,455 )
Other Income
1,788
1,000
788
Interest Income
-
-
-
Total Revenue
1,677,832
1,787,399
( 109,567 )
Expenses World Missions
80,301
81,501
( 1,200 )
Pastoral Ministry
29,480
14,750
14,730
Women ' s Ministry
3,849
5,560
( 1,711 )
Associate Pastor Ministry
5,265
5,675
( 410 )
Preschool Ministry
5,431
3,850
1,581
Children ' s Ministry
6,438
6,325
113
Middle School Ministry
4,381
29,175
( 24,794 )
High School Ministry
6,712
31,050
( 24,338 )
Young Adult Ministry
5,643
4,902
741
Senior Adult Ministry
1,285
1,000
285
Adult Education Ministry
5,348
4,820
528
Music
6,424
14,970
( 8,546 )
Media
14,098
11,074
3,024
Membership & Lay Ministry
547
1,869
( 1,322 )
Next Steps / Men ' s Ministry
5,483
5,890
( 407 )
Spanish Ministry
2,711
1,825
886
Communication / Creative Arts
34,787
17,550
17,237
Personnel
943,457
1,002,588
( 59,131 )
Administration
128,537
112,041
16,496
Information Services
64,578
38,750
25,828
Ministry Development
36
550
( 514 )
Campus Operations
309,935
363,100
( 53,165 )
Safety & Security
13,106
14,605
( 1,499 )
Capital Expenditures
44,076
233,000
( 188,924 )
Ministry Supplements
46,730
19,600
27,130
Total Expenses
1,768,640
2,026,020
( 257,380 )
Total General Budget Net Assets $ ( 90,808 ) $ ( 238,621 ) $ 147,813
STATEMENT OF NET ASSETS Assets & Liabilities
Net Assets
Cash
$
2,604,669
General Budget
$
( 90,808 )
Truist Securities MMA
25,000
Special Activities
2,064,704
National Christian Foundation
71,194
Leaf & Bean Café
( 5,344 )
Other Receivables & Prepaids
111,154
Faith Promise
79,170
Inventory
32,257
Thrift Center
423,855
Net Property & Equipment
884,566
Food Service
11,408
Accounts Payable
( 343,033 )
Investment in P & E
902,820
Total
$
3,385,807
Total
$
3,385,807
2