5. Financial

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - YOUNG MEMBERS

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Director's Salary 7,692 8,000 308 4 4,588 26,000

Programming (net) 230 2,000 1,770 (1) 89 2,073 8,000

Print/Postage/Adv /Misc. 0 700 700 100 474 1,800

Total Disbursements 7,922 10,700 2,778 26 7,135 35,800

(1) - less than anticipated

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - TOT PROGRAMS

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Registration Fees 11,843 10,500 1,343 13 10,088 16,000

Staf f Salaries 7,535 7,500 -35 -0 6,685 20,000

Program supplies 0 0 0 0 0 400

PJ Library program 0 0 0 0 315 0

Total Disbursements 7,535 7,500 -35 -0 7,000 20,400

Net Expense (Rev enue) -4,308 -3,000 1,308 -44 -3,088 4,400

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - NURSERY SCHOOL

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Registration Fees 137,151 170,000 -32,849 (1) -19 176,794 237,000

Staf f Salaries 67,300 69,000 1,700 2 67,201 185,000

Pay roll Ded. Exp 4,778 4,800 22 0 5,077 14,000

Supplies 373 400 27 7 242 2,500

Marketing 0 0 0 0 0 500

Food -2,798 1,000 3,798 (2) 380 -2,233 1,500

Total Disbursements 69,653 75,200 5,547 7 70,287 203,500

Net Rev enue 67,498 94,800 -27,302 -29 106,507 33,500

`

(1) - registration f or the 18/19 school y ear has been v ery low to date and probably will be unf av ourable until y ear end

(2) - timing - will ev en out throught the balance of the school y ear

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - ADULT STUDY

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Speakers 3,100 4,000 900 23 4,333 12,500

Printing/Adv ertising 30 200 170 0 567 500

Total Disbursements 3,130 4,200 1,070 25 4,900 13,000

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - YOUTH

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Salaries 7,992 8,600 608 7 3,845 27,000

Yedidim Exp (net) 1,087 1,500 413 28 0 3,000

Shul Programming 1,025 1,100 75 7 403 3,000

Printing/Postage/Adv . 0 200 200 0 385 700

Total Disbursements 10,104 11,400 1,296 11 4,633 33,700

Extraordinary item 3,232 3,400 168 5 3,232 8,600

Net 13,336 14,800 1,464 10 7,865 42,300

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - PUBLICITY

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Shof ar Adv ertising 1,825 1,300 525 40 1,525 7,500

Shof ar Publication 5,914 5,000 -914 -18 4,004 16,500

Shof ar Mailing 1,467 1,500 33 2 1,459 6,000

Misc. Adv ertising 3,363 2,600 -763 (1) -29 1,476 3,800

Web Site 262 600 338 56 272 2,000

Desk-top Salary 15,173 15,200 27 0 14,834 48,500

Total Disbursements 26,179 24,900 -1,279 -5 22,045 76,800

Net Expense 24,354 23,600 -754 -3 20,520 69,300

(1) - greater than anticipated

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - IN HOUSE CATERING

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Breakf asts 29,500 29,000 500 2 26,982 105,000

Other 8,346 10,500 -2,154 (1) -21 7,128 42,000

Total Receipts 37,846 39,500 -1,654 -4 34,110 147,000

In house f ood costs 36,851 39,500 2,649 (1) 7 36,300 115,000

Supplies 3,492 3,200 -292 -9 2,990 8,500

Laundry & Linen 80 500 420 84 391 2,000

Garbage remov al 1,362 800 -562 -70 2,054 2,500

Shalus shedus 720 700 -20 0 720 3,000

Salaries (net) 29,014 27,000 -2,014 (2) -7 27,986 82,000

Total Disbursements 71,519 71,700 181 0 70,441 213,000

Net Expense 33,673 32,200 -1,473 -5 36,331 66,000

* - expense 30,189 recov ery 1,175

(1) - less than anticipated

(2) - extra temp help required when Janina went on holiday s f or 2 weeks and Ozlem went on holiday s f or 1.5 weeks

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - RELIGIOUS

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Transf er f rom Hof f man f und 8,128 6,800 1,328 0 78 6,800

Total Receipts 8,128 6,800 1,328 0 78 6,800

Kippot/Talisim/Robes 0 400 400 0 125 1,000

Gif ts 0 200 200 0 180 1,000

Sef ar torah repairs 8,128 6,800 -1,328 0 78 6,800

Bar/Bat mitzv ah prgms 78 400 322 81 450 1,500

Play & Pray Salaries 2,285 3,000 715 24 3,710 10,000

Jr. Cong Salaries 1,500 1,600 100 6 1,400 4,000

Shab/Yom Tov Prgming 11 400 389 97 58 1,200

Purim 2,104 5,000 2,896 (1) 58 6,088 5,000

Sukkot (net) 0 0 0 0 0 2,500

Simchat Torah (net) 0 0 0 0 0 4,000

Cong. Oneg Shabbat (net) 8,952 9,000 48 1 9,592 13,000

Choir salaries/exp.(net) 3,105 6,000 2,895 (1) 48 2,640 23,000

Flowers (net) -1,778 500 2,278 (2) 456 154 1,500

Miscellaneous 548 300 -248 -83 87 1,500

Religious Books 30 200 170 85 0 500

Total Disbursements 24,963 33,800 8,837 26 24,562 76,500

Net Expense 16,835 27,000 10,165 38 24,484 69,700

(1) - less than anticpated

(2) - more sponsorships than anticipated

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - HOUSE

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Salaries 73,185 76,000 2,815 4 77,835 255,000

Hy dro/Heat/Water 37,019 38,000 981 3 38,012 145,000

Maint Repairs/Supplies (non-cap) 36,170 43,000 6,830 (1) 16 42,754 140,000

Building Insurance 16,800 16,600 -200 -1 15,000 50,000

Checking Salaries 5,391 4,700 -691 -15 3,584 11,500

Workers Comp. 5,300 5,600 300 5 5,363 13,500

Total Disbursements 173,865 183,900 10,035 5 182,548 615,000

(1) - less than anticpated due to implementation of a new lower monthly maintenance HVAC contract

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - CONGREGATIONAL SCHOOL

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Tuition - Cong/HS 36,614 36,000 614 2 46,719 88,000

Graduation Dinner 0 0 0 0 0 2,000

Total Receipts 36,614 36,000 614 2 46,719 90,000

Staf f Salaries 36,279 35,600 -679 -2 34,546 96,000

Program supplies 0 200 200 100 280 1,000

Books 0 200 200 100 0 1,000

Of f ice and general 1,383 1,700 317 19 1,600 5,000

Graduation Dinner 0 0 0 0 0 2,000

High School programming 0 0 0 0 1,205 0

Employ ee benef its 4,940 4,500 -440 -10 4,500 9,500

Total Disbursements 42,602 42,200 -402 -1 42,131 114,500

Net Expense/(Rev enue) 5,988 6,200 212 3 -4,588 24,500

Extraordinary item 14,768 15,400 632 4 14,768 40,000

Net 20,756 21,600 844 4 10,180 64,500

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - HIGH HOLIDAY

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Kol Rina Sponsors 0 0 0 0 0 35,000

Salaries/Prof essionals 1,892 2,000 108 0 1,975 66,000

Kol Rina Choir 0 0 0 0 0 60,000

Salaries/Youth Staf f 0 0 0 0 0 6,600

Toy s and Supplies 0 0 0 0 0 500

Printing 0 0 0 0 0 1,600

Flowers (net) 0 0 0 0 0 1,000

Miscellaneous 0 0 0 0 0 2,000

Food 0 0 0 0 0 1,000

Security 0 0 0 0 0 20,000

Total Disbursements 1,892 2,000 108 5 1,975 158,700 0

Net Expense 1,892 2,000 108 5 1,975 123,700

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - ADMINISTRATION

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Clergy Salaries 245,292 246,000 708 0 253,362 938,000

Of f ice Salaries 136,556 133,000 -3,556 (1) -3 148,191 448,000

Group Insurance 31,969 34,000 2,031 6 35,375 102,000

Pay roll Ded. Exp. 29,440 33,500 4,060 (2) 12 31,407 95,000

Bank Charges - Visa/MC 15,170 17,000 1,830 (2) 11 14,207 50,000

Prof essional Fees 3,357 4,000 643 16 9,824 32,000

CCC Sy n. - dues 0 0 0 0 11,000 11,000

Conv . & Trav el - Clergy 2,726 4,800 2,074 (2) 43 4,500 17,500

Of f ice Equip. Rental 6,343 6,000 -343 -6 6,558 17,500

Telephone 5,134 4,300 -834 -19 5,066 11,000

Postage 6,843 7,000 157 2 6,695 15,000

Com. Hard/Sof t/Consult. 10,119 10,400 281 3 5,227 30,000

Bank Charges - Other 3,794 3,600 -194 -5 3,452 12,500

Expenses paid f rom trust accounts 3,400 3,500 100 3 3,460 6,000

General Of f ice Exp. 1,442 1,900 458 24 5,449 8,000

Prof essional dues 2,860 3,000 140 5 2,803 3,000

Of f ice Supplies 2,076 1,600 -476 -30 1,908 4,000

Printing & Stationery 2,182 2,000 -182 -9 1,885 4,000

Bank Charges - Pay roll 1,515 1,600 85 5 1,478 4,300

Board/Execuitv e Exp. 2,392 2,400 8 0 1,240 8,000

RSS Book exp 0 0 0 0 951

Alternate Clergy 1,016 500 -516 -103 500 1,000

Photocopies 1,113 1,200 87 7 727 2,500

Of . Equip/Serv & Rep 297 400 103 0 0 400

Board Installation 0 0 0 0 0 2,000

Total Disbursements 515,036 521,700 6,664 1 555,265 1,822,700

(1) - new staf f member hired that was not anticpated ($10k), bonus ($3k) to an empoly ee not anticipated

- sav ings of $9.6k as new executiv e director not hired to date

(2) - less than anticipated

ADATH ISRAEL CONGREGATION

BUDGET VARIANCE ANALYSIS - SUMMARY

FOR THE FOUR MONTHS ENDED APRIL 2018

Actual Full Year

Actual Budget Variance $ Variance % 04/30/17 Budget

Members Contributions 880,794 888,000 -7,206 -1 874,171 2,500,000

Security Contributions 135,965 139,000 -3,035 -2 115,142 200,000

Caterer's commission 28,105 23,000 5,105 (1) 22 14,313 60,000

Hall rentals 7,160 6,500 660 10 3,775 20,000

High holy day s ticket sales 0 0 0 0 0 45,000

Rental Income 34,535 17,700 16,835 (2) 95 15,246 35,700

Memorial Plaques/Pews 3,000 3,500 -500 ` -14 1,700 25,000

Donatins/Fundraising (net) 62,292 75,000 -12,708 (3) -17 95,325 263,000

Cemet. Plots/Found 16,647 16,000 647 4 11,655 34,000

Interest f rom trust/endow 3,400 3,500 -100 -3 3,460 42,000

Miscellaneous 408 1,000 -592 -59 1,247 5,000

Nursery 67,498 94,800 -27,302 * -29 106,507 33,500

Building Fund Pledges 2,871 3,300 -429 -13 4,555 6,000

Capital Maintenace f und 9,792 10,000 -208 -2 7,500 16,000

Total Receipts 1,252,467 1,281,300 -28,833 -2 1,254,596 3,285,200

Administration

Administration 515,036 521,700 6,664 * 1 555,265 1,822,700

House 173,865 183,900 10,035 * 5 182,548 615,000

Security 48,177 51,000 2,823 6 45,662 163,000

In House Catering 33,673 32,200 -1,473 * -5 36,331 66,000

School 20,756 21,600 844 * 4 10,180 64,500

Tot Programs -4,308 -3,000 1,308 * -44 -3,088 4,400

Memorial Plaques 1,056 1,500 444 30 374 5,000

Cemetery (net) 6,220 6,000 -220 -4 4,217 20,000

Committees

High Holy Day s 1,892 2,000 108 * 0 1,975 123,700

Religious 16,835 27,000 10,165 * 38 24,484 69,700

Publicity 24,354 23,600 -754 * -3 20,520 69,300

Youth 13,336 14,800 1,464 * 10 7,865 42,300

Adult Study 3,130 4,200 1,070 * 25 4,900 13,000

Young Memebers 7,922 10,700 2,778 * 26 7,135 35,800

Programming 497 900 403 45 1,088 3,000

Executiv e/Rabbinic search 831 2,000 1,169 0 275 25,000

Chesed 391 1,100 709 64 542 6,500

Shinshinim 2,582 3,100 518 17 2,987 12,000

Archiv es 0 0 0 0 0 500

Fundraising 0 0 0 0 0 0

Human Resources 3,430 4,400 970 22 10,249 10,000

Membership 0 0 0 0 0 3,000

Capital

Cemetery 0 0 0 0 19,800 0

Construction Loan 0 0 0 0 0 20,000

Transfers

Trsf to CRF acct 0 0 0 0 0 49,000

Trsf to Cemetery acct 0 0 0 0 0 20,000

Trsf to CMF acct 0 0 0 0 0 16,000

Total Disbursements 869,675 908,700 39,025 4 933,309 3,279,400

Net Operating Position 382,792 372,600 10,192 3 321,287 5,800

* - please see supporting schedule

(1) - greater than anticipated

(2) - greater than ancticpated due to renting out parking lot to f ilm crew ($7.1k) and upstairs kitchen ($10.5k)

(3) - timing - deposit f or H. Winkler ($12,927)

ADATH ISRAEL CONGREGATION

VARIANCE

2018 2017 2018 BUDGET

BUDGET PROJECTED ACTUAL 2017 PROJECTED ACTUAL

RECEIPTS:

Membership Contributions

Members Contributions 2,500,000 2,456,000 44,000

Security Contributions 200,000 165,000 35,000

Building fund pledges 6,000 6,200 -200

Capital Maintenance fund 16,000 2,722,000 16,300 2,643,500 -300

Operating

Caterer's commission 60,000 55,000 5,000

Hall rentals 20,000 17,000 3,000

High holy days ticket sales 45,000 45,000 0

Rental Income 35,700 32,000 3,700

Miscellaneous 5,000 165,700 5,000 154,000 0

Others

Memorial Plaques 25,000 22,000 3,000

Donations/Fundraising (net) 263,000 274,000 -11,000

Fundraising Consultant's fee 0 -8,400 8,400

Cemetery Plots/Found 34,000 322,000 36,000 323,600 -2,000

Interest from trust and endow 42,000 26,000 16,000

Cemetery 0 39,600 -39,600

School

Pre-School (net) (Schedule K) -4,400 -4,300 -100

Nursery (net) (Schedule L) 33,500 38,200 -4,700

School (net) (Schedule D) -64,500 -35,400 -86,000 -52,100 21,500

3,216,300 3,134,600 81,700

DISBURSEMENTS:

Administration

Administration (Schedule A) 1,822,700 1,753,300 69,400

House (Schedule B) 615,000 607,000 8,000

Security Expense 163,000 153,000 10,000

In House Catering (Schedule C) 66,000 76,000 -10,000

Memorial Plaques 5,000 3,500 1,500

Cemetery (net) 20,000 2,691,700 28,000 2,620,800 -8,000

Committees 0

High Holy Days (Schedule E) 123,700 119,300 4,400

Religious (Schedule F) 69,700 69,300 400

Publicity (Schedule G) 69,300 69,200 100

Youth (Schedule H) 42,300 37,300 5,000

Adult Study (Schedule I) 13,000 13,700 -700

Young Members (Schedule J) 35,800 31,500 4,300

Programming 3,000 3,000 0

Chesed 6,500 2,500 4,000

Executive/Rabbinical Search 25,000 1,200 23,800

Shinshinim 12,000 12,000 0

Archives 500 0 500

Human Resources 10,000 12,000 -2,000

Membership 3,000 413,800 1,500 372,500 1,500

Capital

Construction Loan 20,000 20,000 20,000 0

Employee advance 0 0 20,000 -20,000

Cemetery 0 0 39,600 79,600 -39,600

Transfers from Members

Contributions to specific funds

To Contingency Reserve Fund 49,000 49,000 0

To Cemetery account 20,000 0 20,000

To Capital Maintenance Fund 16,000 85,000 12,300 61,300 3,700

3,210,500 3,134,200 76,300

Operating Surplus 5,800 400 5,400