Funding Report for April through June 2008
July 7th, 2008Faithful Heart Foundation
Operating Funds Account
Activity for April, May, June
April
Account balance on 3/31/2008 166,046 baht
Income 81,559 baht
Expenses 120,315 baht
Account balance on 4/30/2008 127,290 baht
May
Account balance on 4/30/2008 127,290 baht
Income 105,984 baht
Expenses 104,965 baht
Account balance on 5/31/2008 128,309 baht
June
Account balance on 5/31/2008 128,309 baht
Income 143,933 baht
Expenses 142,155 baht
Account balance on 6/30/2008 130,087 baht
Notes:
1. Average monthly expenses are 122,478 baht.
2. Average monthly income is 110,492 baht.
3. Current account balance will cover only one month of normal expenses.
Conclusions:
1. Faithful Heart Foundation is operating without any safety cushion and needs to encourage donations into the general operating fund.
2. There are still four (4) orphans without full Sponsorship. We need to enlist sponsors for these children very soon.
