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  • Mercado, Joel - Budget Status Presentation - Combined Budgets 13 May 2013

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    joeigna
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    Joel and Celeste Mercado provide a budget status presentation for May 2013. Their ideal monthly funding goal is $8326 with $7690 pledged, resulting in a $636 deficit. Their minimum monthly funding goal to cover 65% of their salary is $7703 with $7690 pledged, resulting in a $13 deficit. Their long-term reserves goal is to fund expenses over 3 years from one-time gifts and monthly savings.

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    Joel and Celeste Mercado provide a budget status presentation for May 2013. Their ideal monthly funding goal is $8326 with $7690 pledged, resulting in a $636 deficit. Their minimum monthly funding goal to cover 65% of their salary is $7703 with $7690 pledged, resulting in a $13 deficit. Their long-term reserves goal is to fund expenses over 3 years from one-time gifts and monthly savings.

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    133 views1 page

    Mercado, Joel - Budget Status Presentation - Combined Budgets 13 May 2013

    Uploaded by

    joeigna
    Joel and Celeste Mercado provide a budget status presentation for May 2013. Their ideal monthly funding goal is $8326 with $7690 pledged, resulting in a $636 deficit. Their minimum monthly funding goal to cover 65% of their salary is $7703 with $7690 pledged, resulting in a $13 deficit. Their long-term reserves goal is to fund expenses over 3 years from one-time gifts and monthly savings.

    Copyright:

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    Budget Status Presentation

    STAFF: Joel and Celeste Mercado Serving: CFCT Design Team (Joel) and the Global Executive Office (Celeste)
    (Serving in Carrboro, NC)

    STATUS EFFECTIVE: May 13, 2013

    MONTHLY SUPPORT

    IDEAL Monthly Funding


    Goal: $8326 Pledged: $7690 (92.3%) Deficit: $636

    MINIMUM Monthly Funding*


    Goal: $7703 Pledged: $7690 (99.8%) Deficit: $13

    *Minimum Funding Status based on a salary lowered to 65% of eligible level.

    MONTHLY EXPENSES
    Include the following:

    LONG-TERM RESERVES
    (**Funded over 3 years from one-time gifts and monthly savings)

    Salary Employer Portion Social Security & Medicare Tax Medical & Life Insurance Ministry Travel Expenses Misc. Ministry/Business Expenses 10% Savings for Long-Term Reserves**

    Salary Buffer
    Ideal would be two months expenses

    Goal: $6500 Status: $0

    Prepared by Abbey Boyd, FH Global HR Department

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