Year Ended January 31, 2014

Year Ended January 31, 2014

Treasurer’s Report

Florida-Bahamas Synod, ELCAYear Ended January 31, 2013

Covenant GivingFYE 1.31.14 Actual

$2,097,050

Which is down from $2,191,223 at FYE 1.31.13 by $94,173 representing a decrease of 4.3 %.

Florida-Bahamas Synod, ELCAYear Ended January 31, 2014

Covenant GivingActual $2,097,050

Budgeted $2,200,000

Florida-Bahamas Synod, ELCAYear Ended January 31, 2014

Covenant Giving

Actual $2,097,050

Budgeted $2,200,000

Falling short of expectations by $102,950

COVENANT GIVING($ in Millions)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20140

0.5

1

1.5

2

2.5

3

CHURCHWIDE MISSION SHARE(in millions of $)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20140.5

0.6

0.7

0.8

0.9

1

1.1

1.2

1.3

1.4

1.5

Actual and Planned% of Covenant giving for

Churchwide Mission Share

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 201640

42

44

46

48

50

52

Florida-Bahamas Synod, ELCAYear Ended January 31, 2013

Operating IncomeCovenant Giving

$2,097,050Other income $

398,679

Total $2,495,729

Florida-Bahamas Synod, ELCAYear Ended January 31, 2014

Operating Income vs. Expense

Operating Income $2,495,729

Operating Expense $2,608,468

Operating Income Over (Under) Expense

($112,739)

Florida-Bahamas Synod, ELCAYear Ended January 31, 2014

Unrestricted Board Designated Income vs. Expense

Board Designated Income $307,958Board Designated Expense $420,696

Board Designated Income Over (Under) Expense

($112,739)

Florida-Bahamas Synod, ELCAYear Ended January 31, 2014

All Unrestricted Income vs. Expense

Unrestricted Income $2,803,687

Unrestricted Expense $3,029,164

All Unresticted Income Over (Under) Expense

($225,478,)

Florida-Bahamas Synod, ELCAYear Ended January 31, 2013

Restricted IncomeTemporarily restricted by donors

$165,572Permanently restricted by donors

$ 0

Total of all restricted income $165,572

Florida-Bahamas Synod, ELCAYear Ended January 31, 2013

Restricted Income vs Expense Restricted Income

$165,572 Restricted Expense

$320,114 Restricted Expense Over restricted income

($154,542)

ALL REVENUES(IN MILLIONS OF $)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20140

0.5

1

1.5

2

2.5

3

3.5

4

Florida-Bahamas Synod, ELCAYear Ended January 31, 2014 All Revenue vs All Expenses

Total Revenue $ 2,969,259Total Expenses $

3,349,278

Expense over revenue $380,019

Florida-Bahamas Synod, ELCAYear Ended January 31, 2014

Changes in Net AssetsBeginning of the year 2013 $

2,600,697End of the year 1.31.2014

$ 2,219,860

A REDUCTION OF ($380,019)

TOTAL NET ASSETS(IN MILLIONS OF $)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20140

0.5

1

1.5

2

2.5

3

Year Ended January 31, 2014

Treasurer’s Report