December & January financial report
February 7th, 2009Faithful Heart Foundation
Operating Funds Account in $USD
Activity for Dec 2008 and January 2009
ALL AMOUNTS SHOWN IN US DOLLARS
December 2008
Account balance on 11/30/2008 $ 16,436
Income $ 5321
Expenses $ 9747
Account balance on 4/30/2008 $ 12,010
January 2009
Account balance on 12/31/2009 $ 12,041 *
Income $ 5,330
Expenses $ 4,707
Account balance on 1/31/2009 $ 12,663
Notes:
1. * Slight adjustment-correction to year-end balance.
2. December expenses higher than normal because rice-harvest work caused November expenses to be turned in late and posted in December.
Conclusions:
1. Faithful Heart Foundation is operating without a safety cushion and needs donations into the “general operating fund”.
2. There are still seven (7) orphans without Sponsorship. We need to enlist sponsors for these children ASAP.
