return
3
WESTMINSTER ST. PAUL*S PRESBYTERIAN CHURCH
TREASURER*S REPORT
DECEMBER F1. 1990
I would like ta comment on the fallowing financial reports
contained herein.
i. Balance Sheet
2. Statement of Revenue and Expenses
3. Schedule of Church: and Manse expenses
4+. Proposed Budset - 1991
1. Balance Sheet
Bank
Bank can be summarized as fallows:—
1790 1989

Trust sccount $500 $500
Savings account ead 11,289
Transfer clearing acccunt (5, B13) £9,462)
Cash on hand $2,126 $2, 326
Property fund
As at December Fi. 19389 $2,280
Cantributions 3, 702
Property improvements (23 797)
Interest esrned 174
Az at December Fi. 1990 33, 55>
Prepaid expenses
Prepaid expenses consisted of insurance premiums paid to April +:
1991.
Fixed assets
There were no additions ts Fixed Assets in 1790.
Accounts payable
Accounts payable were related to the Manse Telephone bill for the
month of December.
Members equity
Members equity increased in 1990 by the operating surpius $933 con
ributions $3,902 and expenditures ($2797). from the Property Fund

return