October 27, 2021 Quarterly Business Meeting - Page 5

INDIAN ROCKS CHRISTIAN SCHOOLS STATEMENT OF GENERAL BUDGET ACTIVITIES For the Three Months Ended September 30 , 2021
Over ( Under )
Revenue :
Actual
Budget
Budget
Tuition & Fees
$
2,208,837
$
1,948,981
$
259,856
General Income
12,010
11,400
610
Athletic Income
27,480
16,200
11,280
Total Revenue
2,248,327
1,976,581
271,746
Expense : Personnel
1,339,136
1,318,820
20,316
Administration
54,307
41,390
12,917
Office
10,428
14,439
( 4,011 )
Instructional Staff
14,606
14,700
( 94 )
Misc Student Expense
26,983
26,350
633
Athletics / PE
39,282
39,460
( 178 )
Fine Arts
15,032
17,800
( 2,768 )
Pre-K Division
1,823
11,080
( 9,257 )
Elementary Division
63,362
92,850
( 29,488 )
Middle School Division
23,450
86,400
( 62,950 )
High School Division
31,307
102,550
( 71,243 )
Special Projects
-
2,000
( 2,000 )
Facilities / Transportation
312,209
336,765
( 24,556 )
Marketing
20,014
21,800
( 1,786 )
Total Expense
1,951,938
2,126,404
( 174,466 )
Total General Budget Net Assets
$
296,390
$
( 149,823 )
$
446,213
STATEMENT OF NET ASSETS
Assets & Liabilities
Net Assets
Cash
$
5,009,681
General Budget
$
296,390
Truist Securities MMA
25,000
Special Activities
3,747,036
National Christian Foundation
75,585
Investment in P & E
267,574
Accounts Receivable Net
16,920
Beneficial Interest in Trust
97,705
Prepaid Expenses
20,144
Inventory
3,580
Net Property & Equipment
169,869
Prepaid Tuition & Fees 2021 / 2022
( 1,073,850 )
Accounts Payable
( 33,634 )
Total
$
4,310,999
Total
$
4,310,999
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