Income and Expenses

	Current Month	Year To Date
INCOME

Contributions	$261,328	$2,146,608

Investment Income
Interest - Checking	$3,685	$45,487
Dividends - Portfolio	$42,142	$173,158
Interest - Portfolio	$4,697	$104,660
Other Investment Income	$0	$0
Realized Gains/Losses	$31,003	$370,395

Total Investment Income	$31,527	$693,700
Unrealized Gains/Losses	$8,137	$534,685
Less Portfolio Management Fees	($5,724)	($64,702)
Less Bank Fees	($1,027)	($14,212)

Total Investment Income Adjusted	$82,914	$1,149,470

Miscellaneous Income
Collection Agency Cash	$2,119	$20,009
Grant Repayments	$0	$2,018
Space and Facilities Donated	$104,920	$104,920
Other Miscellaneous Income	$8	$19,136

Total Miscellaneous Income	$107,047	$146,083

TOTAL INCOME	$451,289	$3,442,161

EXPENSES

Program Expenses
SEG Grants	$37,721	$422,615
Personal Grants	$7,692	$1,201,866
Special Programs	$1,451	$9,600
Education Loans 3% Refund	$915	$28,735
Financial Counseling Fees	$218	$4,435
Layette Program	$112	$2,562
Outreach Program	$0	$2,677
Loans Declared Uncollectable	$85,704	$85,704
Collection Agency Commission Expense	$687	$7,143
Loans Converted to Grants	$0	$1,382,815
Credit Reports	$82	$1,204
Program - Printing	$0	$267
Program - Postage, Mail & Shipping	$0	$52
Other Program Expenses	$0	$342

Total Program Expenses	$134,583	$3,150,015
Allowance for Loan Losses	$0	$0
Loan Balance Adjustments	$0	$0

Total Program Expenses Adjusted	$134,583	$3,150,015
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	Current Month	Year To Date

Fund Raising Expenses
Fundraising - Printing	$0	$40,590
Fundraising - Postage, Mail & Shipping	$8,1180	$25,426
Fundraising - Local Campaign Cost	$0	$657
Credit Card Fees	$83	$2,707
State Solicitation Registration Expenses	$0	$8,422
Other Fund Raising Expenses	$0	$0

Total fund Raising Expenses	$8,201	$77,802

Administrative Expenses
Employee Salary	$48,559	$460,455
Employee Benefits	$5,589	$57,151
Payroll Taxes	$3,104	$33,305
Payroll Services	$275	$2,412
Accounting Services	$0	$13,900
Attorney Fees	$0	$0
Computer Hardware	$0	$0
Computer Hardware Maintenance	$0	$0
Computer Software	$0	$0
Computer Software Development	$8,824	$9,959
Computer Software Maintenance	$3,485	$40,179
Director's Insurance & Bonding	$0	$1,731
Property Insurance	$0	$2,550
Office Equipment	$0	$0
Office Equipment Maintenance	$0	$247
Office Supplies	$421	$3,297
Admin - Postage, Mail & Shipping	$0	$6
Admin - Printing	$0	$4,964
Professional Development	$1,065	$1,345
Space and Facilities Expense	$104,920	$104,920
Depreciation	$7,083	$84,996
Other Administrative Expenses	$25	$1,918

Total Administrative Expenses	$183,350	$823,333

TOTAL EXPENSES	$326,134	$4,051,150

NET INCOME	$125,155	($608,989)
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