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Fiscal Year ‘22 Results

	Actual	Budget	+/-
Contributions, LBPS & Grants	$1,854,613	$1,759,348	$95,265
Operating Expenses & Mortgage	(1,883,383)	(1,925,032)	41,649
Operating Deficit	(28,770)	(165,684)	136,914
From Board Designated Funds	28,770	165,684
	$0.00	$0.00

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Mortgage Balance

	FY22	Since January 2020
Beginning Balance	$1,761,941	$3,129,727
Payments:
Beyond Campaign	(341,156)	(1,518,630)
General Fund	(114,375)	(304,687)
Ending Balance	$1,306,410	$1,306,410

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Fund Balances

	2022	2021
Board Restricted - Mortgage	72,540	104,544
Donor Restricted – Beyond - Capital Improvements	94,232	225,218
Donor Restricted - Other	282,038	279,889
Restricted Funds	$448,810	$609,651
General Fund	$691,410	$528,060
Board Designated For Future Operations	338,755	538,625
Available for Operations	$1,030,165	$1,066,685
Total	$1,478,975	$1,676,336

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History, Highlights and Opportunities:

Beyond has reduced our mortgage and funded improvements as promised

The federal PPP loan and an estate gift provided financial breathing room during the height of the pandemic

Extraordinary fiscal management has preserved excess cash

Fall 2021 Generosity Campaign increased commitments by $100,000

Good Shepherd is positioned to dream and invest from a stable financial position while also caring for our assets – buildings and people

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FY23 Proposed Budget

	Actual FY21	Actual FY22	Budget FY23	Change
Contributions, LBPS & Grants	$1,698,575	$1,854,613	$1,905,431	$50,818
Operating Expenses and Mortgage	(1,916,549)	(1,883,383)	(2,101,339)	(217,956)
Deficit from Operations	(217,974)	(28,770)	(195,908)	(167,138)
Repair Building Roofs			(230,000)	(230,000)
From Reserves	217,974	28,770	425,908	397,138
	$0.00	$0.00	$0.00	$0.00

Investments Proposed for FY23:

Roof Repairs (both buildings) $230,000

Other One-Time Expenditures 90,000

Increase FTE by 3

Children Youth & Family(2) 80,000

Music & Worship 65,000

Future funding of recurring costs would need to come from increased income via execution of the strategic plan and from a reduction or elimination of the mortgage payments

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Safety Net

	Maximum	Projected
Available for Operations	$1,030,165	$1,030,165
Available to use for FY23 Budget	(504,830)	(425,908)
Remaining Balance	$525,335	$604,257
Number of months = Safety Net	3.0	3.45

Projected Safety Net = 3.45 months of expenses at end of fiscal year 2023