Income/Expense Report and Project Budget

This simple table presents the income and expenses of an imaginary project over the past two years and includes a budget projecting the income and expenses of the project in the upcoming fiscal year. You should create your own categories and enter values appropriate to your own project.

FISCAL YEARS:

2005
Jan-Dec
(U.S. dollars)

2006
Jan-Dec
(U.S. dollars)

2007
Jan-Dec
(Estimated U.S. dollars)

Balance Forward

$0

$4,360

$673

INCOME

VOLUNTEER LABOR*
Sisters

$20,000

$25,000

$25,000

Lay Volunteers

$10,000

$12,500

$20,000

CASH DONATIONS
Congregations

$5,000

$1,500

$0

Foundation Grants

$10,000

$10,000

$20,000

Government Subsidies

$5,000

$6,500

$10,00

Individuals

$0

$5,00

$5,000

NON-CASH (IN-KIND) DONATIONS**
Food

$5,000

$5,000

$6,000

Classroom

$3,000

$3,500

$3,500

SALE OF CRAFTS & POULTRY  $2,000  $2,500 $3,000
BANK LOAN  $500  $0  $0
INTEREST FROM SAVINGS ACCOUNT  $0  $200  $30

TOTALS

 $60,500

$76,060

$93,203

EXPENDITURES

SALARIES
Sisters*

$20,000

$25,000

$25,000

Lay Volunteers*

$10,000

$12,500

$20,000

Staff Salaries

$15,000

$25,000

$25,000

FOOD** $5,000 $5,000 $6,000
RENT**  $3,000  $3,500  $3,500
UTILITIES  $1,500  $2,000  $1,500
TRANSPORTATION COSTS  $1,000  $1,500  $1,000
SCHOOL SUPPLIES  $500 $850 $850
LOAN REPAYMENT  $100 $100 $100
INTEREST ON LOAN (8.5% APR)  $40 $37 $32

TOTALS

$56,140

$75,487

$82, 982

BALANCE

 $4,360  $673  $10,221

* This is an estimate of what it would cost to pay someone to do the work that the sisters and others do voluntarily without pay.

** This is an estimate of the amount sisters would have to pay to rent the classroom space and to purchase the food if they were not donated by the diocese.