Council Financial Report

 

InterFaith Council of Southwestern Connecticut

Treasurer's Report  --  October 21, 2004

       
                CASH    
  (Dollars)                  
            RESTRICTED   UNRESTRICTED   TOTAL
                     
  Respite Funds         921,588       921,588
                     
  Friendship House grant to cover prior periods   10,000       10,000
  Friendship House matching grant       35,000       35,000
  Friendship House long term grant       30,000       30,000
  Contributions received on behalf of affiliates   4,829       4,829
  Philip H. Cass grant             20,000   20,000
  Friendship House seed money start-up grant       35,000   35,000
  Cash balance carry forward from prior periods       12,724   12,724
                     
    Sub-totals       1,001,417   67,724   1,069,141
                   
          94%   6%    

  (Dollars)         RESPITE FUNDS        
                   
VIRGINIA SCHROEDER RESPITE  FUND       896,588   To be disbursed over 10 years
INTERFAITH COUNCIL RESPITE  FUND       25,000   To grow as replacement for VS fund
      TOTAL   921,588        

 

  BUDGET   (dollars)    
  October 1 2004 thru September 30, 2005    
       
  SOURCES OF CASH:    
  Carry forward budget surplus / (deficit) from prior period   8,420
  Friendship House seed money grant   35,000
  Member contributions   15,000
  Friendship House matching grant   15,000
  Philip H. Cass grant   5,000
      78,420
       
  USES OF CASH:    
  Reserve for succeeding year base budget   (35,000)
  Contribution to permanent endowment fund   (5,000)
  Base operational budget   (30,000)
  Higher operational spending enabled by prior period budget surplus   (8,420)
      (78,420)
       
  OPERATIONAL DISBURSEMENTS BUDGET:    
  Office and Administration   (15,660)
  Board specifically approved programs   (18,000)
  Executive Committee approved spending   (4,760)
      (38,420)

 

  Details of Office and Administration Budget:    
  Office and facilities rental   (3,000)
  Electricity   (1,000)
  Phone & Internet   (1,000)
  Printing and copying   (2,000)
  Postage & office supplies    (1,000)
  Accounting services   (3,000)
  Directors & Officers Insurance   (1,000)
  Unallocated   (3,660)
  Total O&A   (15,660)

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