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7
WESTMINSTER ST. PAUL’S PRESBYTERIAN CHURCH
TREASURER’S REPORT
DECEMBER 31, 1988
(2)
Members equity
Members equity increased in 1988 by the operating surplus $2,393
and the purchase of the VCR. included in expendi tures
2. Statement of Revenues and Expenses.
Revenues
Revenues for 1988 were $95,115 compared to $93,587 in 1987.
Included in the 1988 revenues were the following items:-—
- P.C.I.C. Missions $14,659
- Donations for Piano 4,656
— Donations to Crieff Hills 3,325
- Donations other 4,987
The commitment to Crieff was $3,500 for 1988 and the Board of
Managers agreed to make up the difference of $175 out of surplus
operating funds.
Donations other included the contributions from Church groups ¥
identified in their separate reports
Expenses
Expenses in 1988 were $92,722 compared to $93,292 in 1987.
There was a surplus in 1988 of $2,393, compared to a budget of
$3,000, and $295 in 1987.
3. Schedule of Church: and Manse property expenses.
The Schedule outlines the detailed expenses incurred in 1988 and
1987.
Capital expenses for the Church included:-
— Soap dispensers $143
- Baseboard for tower hall 235
— Grading of parking lot 458
- V.C.R. and cabinet 1,046
— Refurbishing lower halt 641
- Chafing dishes 150
$2,673 -

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