Bethel Lutheran Church
Profit & Loss Budget Performance
July through December 2004
							Jul - Dec 04		YTD Budget		Over Budget		Annual Budget
	Ordinary Income/Expense
		Income
			3001 · Church General Fund				411,854		406,000		5,854		810,000
			3003 · Special Income Appeal				7,362		20,000		-12,639	(a)	40,000
			3051 · Misc Income				2,279		595		1,684		1,200
		Total Income					421,494		426,595		-5,101		851,200
		Expense
			40 · Tithe				35,907		34,675		1,232		69,000
			45 · School Budget Support				9,250		9,250		0		18,500
			47 · Tuition Discounts				9,703		8,800		903		24,100
			6905 · BLS Expenses				0
			50 · Ministry Services				53,006		59,841		-6,834	(b)	119,717
			51 · Altar Guild Exp				921		1,071		-150		1,521
			52 · Library Exp				0		90		-90		250
			53 · Confirmation Expense				842		1,410		-568		1,810
			58 · Evangelism				3,001		4,685		-1,684		12,430
			60 · Discipleship				1,970		1,765		205		2,300
			61 · Worship & Music				33,485		37,964		-4,479	(c)	74,040
			62 · Children's Ministry				21,594		23,229		-1,635	(d)	44,587
			63 · Pastoral				114,226		138,965		-24,739	(e)	254,826
			65 · Youth Ministry				31,525		33,518		-1,993	(f)	65,627
			66 · Stewardship				1,339		1,620		-281		3,120
			67 · Community Life				1,286		2,210		-924		3,245
			68 · Building & Grounds				68,136		68,692		-556		133,758
			69 · Audio Video Ministry				10,857		11,331		-474		22,321
		Total Expense					397,049		439,116		-42,067		851,152
	Net Ordinary Income						24,444		-12,521		36,966		48
Net Income							24,444		-12,521		36,966		48
	Notes:  Explanation of why over or under budget.
	(a)  Initial estimates for pastoral call and some expenses set at $40k.
	(b)  Using volunteers at front desk and partime bookkeeper.  Re-instated care pastors hours.  Year end to be on budget.
	(c)  Less use of accompanist.
	(d)  Less use of outside services.
	(e)  New Pastor move over estimated. Actual number at year end should be less by $17k.
	(f)  On budget by year end.