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S A M P L E
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.)
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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 |
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INCOME |
|
-
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|
Volunteer Labor* |
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|
|
|
Sisters |
$20,000 |
$25,000 |
$25,000 |
|
Lay Volunteers |
$10,000 |
$12,500 |
$20,000 |
|
Cash Donations |
|
|
|
|
Congregation |
$5,000 |
$1,500 |
0 |
|
Foundation Grants |
$10,000 |
$10,000 |
$20,000 |
|
Government Subsidies |
$5,000 |
$6,500 |
$10,000 |
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Individuals |
0 |
$5,000 |
$5,000 |
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Non-cash (In-kind) Donations** |
|
|
|
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Food |
$5,000 |
$5,000 |
$6,000 |
|
Classroom |
$3,000 |
$3,500 |
$3,500 |
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Sale of Crafts & Poultry |
$2,000 |
$2,500 |
$3,000 |
|
Bank Loan |
$500 |
0 |
0 |
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Interest from Savings Account |
$0 |
$200 |
$30 |
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TOTALS |
$60,500 |
$76,060 |
$93,203 |
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|
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EXPENDITURES |
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|
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Salaries |
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|
|
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Sisters* |
$20,000 |
$25,000 |
$25,000 |
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Lay Volunteers* |
$10,000 |
$12,500 |
$20,000 |
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Staff Salaries |
$15,000 |
$25,000 |
$25,000 |
|
Food** |
$5,000 |
$5,000 |
$6,000 |
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Rent** |
$3,000 |
$3,500 |
$3,500 |
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Utilities |
$1,500 |
$2,000 |
$1,500 |
|
Transportation Costs |
$1,000 |
$1,500 |
$1,000 |
|
School Supplies |
$500 |
$850 |
$850 |
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Loan Repayment |
$100 |
$100 |
$100 |
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Interest on Loan (8.5% APR) |
$40 |
$37 |
$32 |
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TOTALS |
$56,140 |
$75,487 |
$82,982 |
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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.
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