2020-2021 Preliminary Financials

2020-2021 Church Budget

Category 2020-2021 Budget 2019-2020 Budget 2019-2020 Actuals
Income
General Fund $1,827,000 $1,827,000 $1,832,327
Other $593,242 $562,265 $460,344
Total Income $2,420,242 $2,389,265 $2,292,671
Expenses
Salaries & Benefits $1,409,699 $1,377,364 $1,324,137
Facilities $214,636 $213,680 $201,277
Missionary $263,000 $263,000 $255,500
Other $529,381 $530,646 $476,266
Total Expenses $2,416,716 $2,384,690 $2,257,180
Surplus/(Loss) $3,526 $4,575 $35,491

2020-2021 School Budget

Category 2020-21 LACS Budget 2019-20 LACS Budget 2019-20 LACS Actual 2020-21 LACP Budget 2019-20 LACP Budget 2019-20 LACP Actual
Income
Tuition & Registration $2,499,470 $2,615,014 $2,634,171 $316,366 $519,985 $511,884
Other $348,500 $381,790 $256,302 $14,221 $29,000 $16,718
Total Income $2,847,970 $2,996,804 $2,890,473 $330,587 $548,985 $528,602
Expenses
Salaries & Benefits $2,163,253 $2,283,652 $2,367,392 $208,674 $475,207 $460,489
Other $705,845 $762,055 $689,029 $119,430 $141,721 $123,023
Total Expenses $2,869,098 $3,045,707 $3,056,421 $328,104 $616,928 $583,512
Surplus/(Loss) ($21,128) ($48,903) ($165,948) $2,483 ($67,943) ($54,910)