1

Please Donate Generously Visit your temple, your priest or temple web site www.thehindutemple.org.

Support your temple and donate generously. The amount is insignificant, the intent is what counts in the court of Gods.

Chairman—Manoj Sachdeva

Vice Chairman—Avinash Rachmale

President—Dhaval Vaishnav

Vice President—Anil Sakhuja

Treasurer—Vishnu Panjwani

Asst. Treasurer—Keshav Raizada

Secretary—Kalpesh Unadkat

Asst. Secretary—Jignesh Patel

Advisory Board—Dr. Sarju Shah

itÇwtÇt THE H INDU TEMPLE

2014 Board Members Temple Timings

Monday to Friday—

8AM-12PM & 5PM-9PM

Saturday & Sunday—

9AM-9PM

Temple Address

44955 Cherry Hill Road

Canton, MI 48188

(734) 981-8730

Inside this issue:

2014 Board 1

2014 Chairman's Message

2

2014 Committees 3

2013 Chairman’s Annual AGM Report

5

Weekly Activities 6

AGM Meeting Minutes

7

Our Priests 8

2013 Statement & Budget

9

2014 Major Temple Events

13

MAY 2014

Temple Administrator—Dalip Guglani

Temple Co Administrator—Suresh Shah

Trustee—Navnit Patel

Trustee—Nitin Desai

Trustee—Ashwani Narula

Trustee—Raj Vaishnav

Trustee– Anurag Bajaj

2

Hari Om. 

I would  like to start my message with this beau ful Mantra which all of you already know: 

Sarve bhavantu sukhinah.  May everybody be happy.  Sarve santu niraamayaah. May everybody be free from disease.  Sarve bhadranni pashyantu.  May everybody have good luck.  Maa kaschcid duhkhabhaag bhavet. May none fall on evil days.  

I have been honored again with the posi on of Temple Chair-man. I want to thank you all for entrus ng me with this posi-on because it carries a lot of responsibility towards temple, 

its members and devotees. 

We have started year 2014 with a posi ve note and are com-mi ed  to  keeping  this  sense of posi veness  for  the  coming years. We  have  begun  this  year  by  looking  at  our  temple’s revenue and have been planning our ac ons accordingly. This has led to the division of many commi ees and a generalized task  list  for all. We opened our arms  to devotees willing  to donate/help  and  have  thus  developed  very  close  es with many temple-goers.  

All  temple  events  are  being  celebrated  in  grand  style, with great  a endance  and  joyous mood. Members/devotees  are happy and a sense of divinity is being felt all over our temple. My  favorite  saying  “Tere Pujan Ko Bhagan Bangaya Mandir Alishan” is  echoing everywhere. 

A  lot  is happening at our temple  for the benefit of the tem-ple,  its members/devotees,  senior  ci zens and  youth. Every day, we are  thinking of ways  to make The Hindu  Temple of Canton second to none in service and humbleness.  

Some of the highlights are as follows: 

Yearly Cost  Savings of over $ 40,000 will be  realized  in 2014  in health  insurance  costs,  legal  fees  and  calendar prin ng costs by changing vendors 

Other cost savings efforts are also under way 

A new prayer book is in the works with a great selec on and the addi on of new Bhajans 

Re-start of Bhajan Sandya  

Start of Sai Sandhya every Thursday 

Library opened with  internet ready computers and with a fresh look. Extended hours of opening being planned 

Balvihar being a ended in great numbers 

Health Fair conducted successfully in April 

Es mated launch of POS system on July 1, 2014 

Kick  Off  of  Youth  Affairs  Commi ee  with  tremendous enthusiasm  

Increased member par cipa on in community events 

First phase of Temple re-pain ng completed 

Extensive  efforts  are  underway  for  a  Grand  Diwali/Fundraising Dinner on November 15, 2014. We have much to achieve to make our temple debt free. 

All members/devotees, please request a one on one mee ng with any of temple the officers and/or Board of Trustees for any  good  ideas  that  you may  have  that  you would  like  to share.  

I would like to thank current and past Board Members, Tem-ple Management  and  Volunteers  for  their  team  effort  and ac ve par cipa on in temple affairs 

We are all here to serve in our HOUSE OF GOD.  

For any comments and sugges ons for the be erment of our temple, its members/devotees, anyone can contact me at his or her convenience via my cell phone 734-260-4483 or email: msachdeva@ewie.com. 

Jai Ram Ji Ki Jai Sri Krishna God Bless us All!!! Manoj Sachdeva, Chairman 

itÇwtÇt 2014 Chairman’s Message

— 2 —

3

itÇwtÇt 2014 Committees

No Committee Name Chairperson Co-Chair Working Committee Members

1 Audit & Finance/Office Management

Anil Sakhuja Vishnu Panjwani, Manoj Sachdeva

Dhaval Vaishnav,Suresh Shah,Avinash Rachmale,Anurag Bajaj, Jatin Desai, Somil Shah

2 By Laws/ Constitution/ Legal affairs

Manoj Sachdeva Anil Sakhuja, Avinash Rachmale

Dhaval Vaishnav,Jatin Desai, Anurag Bajaj, Avinash Rachmale,Sarju Shah, Kalpesh Unadkat,Jignesh Patel, Suresh Shah,Nitin Desai

3

Community Affairs/ Communication (Radio Publicity) /Public Relations

Avinash Rachmale

Manoj Sachdeva, Dhaval Vaishnav, Jatin Desai

Anil Sakhuja,Sarju Shah,Suresh Shah,Ashwani Narula,Kalpesh Unadkat, Daxesh Modi,Subhash Kelkar,Pandit Ji, Kiran Ji,Mukhiya Ji, Vishnu Panjwani, Nitin Desai

4 Education (Scholarship)

Nitin Desai Vishnu Panjwani Jignesh Patel,Dhaval Vaishnav, Deep Prakash, Daxesh Modi,Suresh Shah

5 Food/Kitchen Mamta Counsel Hashmukh Patel, Kalpesh Undakat, Keshav Raizada

Ajit Shah, Bala, Piyush Counsel, Madhu Suri, Surinder Rajput (TBD), Dalip Patel

6 Fund Raising Avinash Rach-male

Anil Sakhuja, Manoj Sachdeva, Anurag Bajaj, Dhaval Vaishnav, Jatin Desai

Jignesh Patel, Visnhu Panjwani, Keshav Raizada, Dr. Sarju Shah and all Board members

7 Hall Rental Keshav Raizada Steve Dimovski Dhaval Vaishnav, Manoj Sachdeva, Kiran Ji, Pandit Ji, Vishnu Panjwani, Steve

8 Health Care Jatin Desai Sarju Shah Chandarkant Pujara, Surinder Jolly, Nitin Desai, Urmil Salvi, Kalpesh Unadkat

9 Library Management Trupti Modi Brenda Vaishnav

Kiran Ji, Panditji, Manohar Jagasia, Manoj Sachdeva , Daxesh Modi,Kalpesh Unadkat, Sushil and Kamlesh Sachdev

10 Long Range Planning Manoj Sachdeva Avinash Rachmale, Dhaval Vaishnav

Anil Sakhuja,Anurag Bajaj,Sarju Shah, Ashwani Narula, Vishnu Panjwani, Suresh Shah

— 3 —

4

itÇwtÇt 2014 Committees

No Committee Name Chairperson Co-Chair Working Committee Members

11 Membership Directory/Drive

Nitin Desai Anil Sakhuja Daxesh Modi, Jatin Desai, Raj Vaishnav, Ashwani Narula,Suresh Shah

12 MIS/Web Page

Jignesh Patel/ Kalpesh Unadkat/ Daxesh Modi

Ashwani Narula Dhaval Vaishnav, Manoj Sachdeva, Avinash Rachmale, Anil Sakhuja

13 eNewsletter Jignesh Patel Brenda Vaishnav Ashwani Narula, Dhaval Vaish-nav,Manoj Sachdeva, Nitin Desai, Kalpesh Unadkat

14 Property Mangement (Outside/Inside Mainte-nance)

Manoj Sachdeva Keshav Raizada, Raj Vaishnav

Suresh Shah, Jignesh Patel,Steve Dimovski, Dean Dimovski, Kiran Ji,Pandit Ji,Mukhiya Ji, Dhaval Vaishnav, Dalip Guglani

15 Audio/Video Systems Navnit Patel Keshav Raizada, Suresh Shah

Kiran Ji,Pandit Ji,Steve Dimovski, Dhaval Vaishnav

16 Religious Affairs Dhaval Vaishnav

Jatin Desai, Anil Sakhuja, Manoj Sachdeva

Raj Vaishnav, Daxesh Modi, Kirti Unadket, Trupti Modi, Nitin Desai, Kiran Ji,Pandit Ji,Mukhiya Ji,Anuradha Hadagali, Suresh Shah, Ushaben, Parulben, Venkat, Santosh, Keshav Raizada, Bhavnaji, Anuji

17 Senior Activities Amar Basin Sushil Sachdev, Suresh Shah Kamlesh Sachdev,Steve Dimovski

18 Youth Affairs Dhaval Vaishnav

Avinash Rachmale, Manoj Sachdeva

Trupti Modi, Kirti Unadkat, Anuradha Hadgali, Kalpesh Unadkat, Keshav Raizada, Navnit Patel, Prakash Patel, Daxesh Modi, Natu Patel, Bhupendra Desai

19 Volunteers Kalpesh Unadkat/ Jignesh Patel

Mamta Counsel, Raj Vaishnav

Daxesh Modi, Nitin Desai, Vishnu Pajwani, Keshav Raizada, Dalip Guglani, Jignesh Patel, Jatin Desai, Raj Vaishnav, Ashwani Narula,Suresh Shah, Trupti Modi, Anuradha Hadgali, Kirti, Unadkat, Ushaben, Parulben, Prakash Patel, Bhupendra Desai, Natubhai Patel

20 Temple Shop

Dhaval Vaishnav / Avinash Rachmale

Manoj Sachdeva, Anil Sakhuja, Ashwani Narula, Raj Vaishnav

Dalip Guglani, Narender Agarwal, Manohar Jagasia, Sushil Sachdev, Amar Bhasin,Pandit Ji,Kiran Ji,Vishnu Panjwani,Kamlesh Sachdev, Vinod Goel

— 4 —

5

Dear Temple Board Members, Members, Priests and Devotees, Hari Om ,Namaste and Good Morning:

I want to thank the Board of Directors of The Hindu Temple of Canton and all of you for giving me another opportunity to serve you as the temple chairman for the year 2013. It is a position which carries a lot of responsibilities in particular when our past chairmen have worked so hard and have done an excellent job to make sure that the temple gets nothing but the best in all areas. I have been very lucky to work with not only the past chairpersons and presidents but also with the current team of Board of Directors. All these people have great ex-perience in their field. I also want to mention the devoted team of volunteers and other staff members including priests for their whole hearted support. We all will continue to work to-gether as a team for the betterment of the community. This in turn will help our temple not only be a place of worship but will also be a part of the community to achieve their social goals. At this time, I would like thank the retiring board and commit-tee members and would like to welcome the new board mem-bers as a part of our team. The retiring board members are: Mr. Jatin Desai, Mrs. Bela Patel, Mr. Urmil Salvi and Mr. Dax-esh Modi. The incoming board members for next 3 years are Mr. Avinash Rachmale, Mr. Manoj Sachdeva, Mr. Anurag Bajaj and Mr. Ashwani Narula. All of these people not only have a great devotion and commitment for the temple but they are the people who face challenges on a daily basis and find solutions with the limited resources we have. In order to stay in touch with the outgoing board members and other associated members of the temple, an attempt was made in the previous year to create a non-voting Advisory Board so that the current board members can get advice and directions when needed. I believe it was a great idea not only to retain our respected members but also to stay in touch with them on a regular basis. Going further, I would like to make a request to the board of directors and temple members to consider creat-ing some limited positions as continuing board members (non-retiring) so that their experience, expertise and knowledge can be retained by the temple for the betterment of the temple. As we all know from our own experiences in daily routine whether it is education, business, social work or anything else, experi-ence is very important. The year 2013 was a very challenging year. We had the highest number of festivities in the temple and they all were very well attended. I know that because of all these, we were not able to arrange our Annual Dinner this year. However, for next year, we already have scheduled November 15 in our

Calendar for 2014 Annual Dinner. I want to thank our Reli-gious Chair Mr. Dhaval Vaishnav along with his team including volunteers, priests, etc., who made sure that every event was planned properly from decorating the lobby to the place of worship, food and the parking . This year we have to bring new ideas and plans which can continue on an ongoing basis year after year to generate revenues. A good stream of rev-enues is one of the most important and wanted need for any organization of our nature. We have a place of worship and a beautiful banquet hall, along with classrooms, to meet the needs of the community. To maintain this beautiful building we need to pay all the bills to keep it healthy. We all go and buy Health Insurance for our health and try to plan for our Retire-ment. For this beautiful Temple, we all have to plan for the ongoing maintenance and the retirement, so that there is no debt. I am requesting all of you to please get involved in the revenue process at any level. You all can help the temple in one of the following ways: Sign up for automatic monthly debits from your bank or

credit card account to pay off the mortgage. Loan money to the temple at interest free certificates of

deposits so that those can be used to pay the debt of the Temple.

Make one time donations to be a Life Member and quali-fy for all the benefits of being a Life Member.

Most important is , to commit to pay for any recurring expense of the temple, which include utilities (electricity, gas, water), Sunday Prasad, Maintenance, Flower Deco-rations ,etc. for a particular deity

Sponsor any of the regular activities. A complete list of events for 2013 is available on the website www.thehindutemple.org and the list for 2014 will be posted soon.

Here, I would like to bring to your attention that we were able to pay off $595,000 in principal pay down in 2013. Current temple mortgage loan balance is $ 3,995,000. As you all can see from the actuals and budgets/projections presented, we plan to pay off more of the debt sooner than it is due. This will not only make us feel better, but will also save us lot of money being paid towards interest expense. In the past, the Board of Directors created a Board Designat-ed Fund of $500,000 to take care of Operations in case of emergency situations. We have always maintained that. We, as the Board of Directors, have discussed various options of investing this money to earn interest. But the interest income is so low that it is not worth to invest in banks. If the same money is invested in other securities there are risks involved including loosing principal amount. After a detailed study, the board of directors have concluded that we should bring this Board

itÇwtÇt 2013 AGM Meeting Chairman’s Message

— 5 —

6

2013 Chairman’s Message continued…. Designated Fund to $250,000 and use the additional $250,000 to pay off the debt. This move will save the temple $10,000 every year in interest expense. Hence, I am request-ing for your support to make it happen.   As you all have seen, the Hari Om Gift Center is in operation and I would like to make a request to all of you to visit and purchase items from there. We sell a lot of items there like CD’s. religious books, deity pictures, Pooja samigri, pre-packaged items for all poojas, blessed silver coins of deities and several other items. I want to thank all the volunteers who are running the shop. Another addition to the temple this year has been our own library. I want to thank Trupti Modi and Brenda Vaishnav along with other volunteers who took the lead to make sure that this project, which was started 10 years back, is a reality. I am pleased to announce that the library is open and is func-tioning. As always, we are in need of volunteers to run it. So if you are available, please let us know so that we can include you in the schedule. In the end, I would like to make a request that you all bring your friends, family members, guests and relatives to the tem-ple, your own place of worship. I also encourage all devotees to make use of all the facilities available at the temple includ-ing the havan area, banquet hall and classrooms to support the temple. I also request that you all stay connected with the tem-ple by not only providing financial help but also volunteering

your time to assist in other activities. On behalf of the temple, its board of directors, committee chairpersons, co-chairs, priests and other support staff, I would like to thank all of you for your continued support and encour-agement. I also want to thank all the volunteers from my heart that come and assist to make sure that every event is properly organized. I would also like to bring to your attention that year end is approaching fast. Only a few days left. Please make your donations before December 31, 2013 to take advantage of tax deductions for year 2013. In the end, based upon community feedback, we are deciding to have a Suggestion Box at the Temple and I am requesting all of you to please participate in this and give us your sug-gestions so that we can review them and implement them. Let us pray to God and look for his wisdom, guidance and blessings for all of us so that we all together can make this an historic place for all the times to come. If you have any comments or concerns, you can reach me at (313)617-3596 or any of our board or committee members at (734)981-8730. You can also email your suggestions to me at sakhuja.anil@yahoo.com. Sincerely, Jai Shri Krishna, Jai Mata Ki Anil Sakhuja, Chairman

itÇwtÇt 2013 Chairman’s Message

— 6 —

Mondays - Shiva Abhishekam

Tuesdays - Hanuman Puja

Wednesdays - Shrinath ji Satsang

Thursdays - Sai Sandhya

Fridays - Durga Puja /Lalita Sahasra Naam Chanting

Saturdays - Lord Venkateshwaram Abishekam /Vishnu Sahasranam

Sundays - Special Bhajans, Aarati followed by Prasad & BalVihar

Weekly Activities (For a detailed list, please visit temple website)

7

Date: December 8th 2013 Location: Temple Prayer Hall Meeting Chair: Anil Sakhuja, Chairman, Board of Trustees Board of Trustees in attendance:

Avinash Rachmale (Vice Chairman and Board Member),

Manoj Sachdeva (Vice President and Board Member), Vishnu Panjwani (Treasurer and Board Member),

Keshav Raizada (Assistant Treasurer)

Dhaval Vaishnav (Religious Chair and Board Member),

Dalip Guglani (Temple Administrator and Board Member)

Kalpesh Unadkat (Secretary and Board Member)

Jatin Desai (Board Member)

Bela Patel (Board Member) Jignesh Patel (Board Member)

Urmil Salvi (Board Member)

Meeting started with prayers by Pandit Ji, Kiran Ji and Mukhi-

ya Ji.

Welcome note by Chairman, Anil Sakhuja Anil Sakhuja welcomed all the devotees to the 2013 Annual General Body meeting. . Anil ji also stated that all our three priests Kiran ji, Mukhiya ji and Pandit ji are doing outstanding jobs and they are an integral part of team going forward. We have received extension of Mukhiya ji’s visa and we have decided to file an application for Mukhiya ji’s Green Card. Approval of December 16, 2012 Annual General Body Meeting Minutes Anil ji stated that AGM meeting minutes are published each year in the first temple newsletter “Vandana”. He asked if any of the devotees had any questions. Since nobody had any questions, Anil ji put meeting minutes on the floor. Dr. Sarju Shah proposed those minutes for approval and Akhilesh ji seconded it and minutes from the December 16th, 2012 AGM meeting were approved. Chairman’s Report (Presented by Anil Sakhuja) Anil ji thanked all the devotees for attending the AGM and then read the attached Chairman’s report highlighting temple events and celebrations. Religious update by Dhaval Vaishnav, Religious Chair The following are the highlights of Dhaval ji’s presentation Dhaval ji started by thanking all three priests and he stated that our true religious chairs are these priests Then he described the list of this year’s religious events and he mentioned to the board that all religious events were cash flow

positive. Laghu Rudra havan, Maha Shivratri Ram Navmi Mata Ki Chowki with Chanchal ji Shri Nath ji Patotstav with JeJe Janamashtami with Pundrik Maharaj Ganesh Chaturthi Navratri Diwali Bala ji Tulsi Vivah

Then he mentioned visits of the following religious leaders

JeJe Pundrik Maharaj Viditatmananda ji Ashwin ji Pathak Mukundanand ji

He thanked all the volunteers that made all these events and visits possible and especially thanked the following three peo-ple—Bela ji, Prakash ji and Keshav ji for decoration Dalip ji managing cooking and kitchen. Then he praised the Vedic knowledge of Pandiji and Kiran ji and singing of Mukhiya ji and he assured the board that all these priests are here to stay. He also announced the following new religious programs for the next year:

Sai Puja on Thursday Bhajan Sandhya Few additional havans

At the end he thanked everybody and thanked priest for their dedication, honesty and integrity. 2013 Financial Report/Temple Cash on Hand and 2014 Budget presented by Temple Chairman, Anil Sakhuja This session was chaired by Anil Sakhuja, First he thanked Vishnu ji, Keshva ji, Dalip ji and office staff members Raman ji and Purvi ji for their dedication and support Then he explained the budget Printed copy of the budget was handed to all devotees,

so that everybody can refer to it. Budget and accounting was up to date for nine months

starting January 1, 2013 – September 30, 2013 12 month budget for 2013 was based upon projections.

budget also included projections for year 2014,2015, and 201

The copy of the budget is attached

itÇwtÇt 2013 AGM Meeting Minutes

— 7 —

8

Approval to reduce temple emergency funds from $500,000 to $250,000. Anil ji gave the following information about the temple emergency funds. Temple has been maintaining $500,000 cash at hand for

emergencies Temple has not touched those funds for last 3 to 4 years Last AGM multiple questions were raised regarding why

we are keeping$500,000 in cash and not reducing our debt by making additional payment

If we pay $250,000 extra payment from our emergency cash funds then we can save $10,000 per year In interest payment

Board of trustees discussed this in their board meeting and approved payment for additional $250,000 .

Motion is on the table for temple members to reduce cash reserve from $500,000 to $250,000 and pay $250,000 towards additional principle

Motion was put on the floor by Anil ji and members voted

by show of their hands. More people raised their hands against this motion than for this motion. So motion did not carry. Approval of 2014 Budget. Somil Shah proposed it and Satish Mistry seconded it and the budget was approved for 2014. After budget approval Question/Answer session started and after that session, the Annual General Meeting was officially concluded. Minutes taken by Kalpesh Unadkat. Note: " These minutes exclude certain com-ments because they are either personal in nature or have been retracted". The retrac-tions are recorded and available as part of the-se minutes as an attachment. 

itÇwtÇt 2013 AGM Meeting Minutes

— 8 —

Shri Prasad Muliyala Ishwara (Pandit Ji) With the Temple since March 2003 Well trained in Vedic philosophy from Maharshi Veda Vigjana Vidya

Peeth,Theerthahalli, Karnataka Started his Vedic education at early age of 12 Has been honored with prestigious titles like ''Veda Murthi'' and ''Samhita Paathi' English, Kannada, Hindi, Tamil, Telugu and Tulu, Working Knowledge : Malayalam, Gu-

jarati and Sanskrit Cell Phone: (734) 383 -1872 Email: mytemplepriest@gmail.com Shri Jitendrakumar Ranchhodbhai Sevak (Mukhiya Ji) With the Temple since July 2011 Underwent several years of formal education in the Hindu scriptures of Vedas and

Upanishades, and in Sanskrit literature, prior to completing his Bachelor of Arts degree program in Sanskrit literature at Shri Bhagwat Vidyapith

Served as a full-time Priest in Shri Vallabh Nidhi Trust Temple, a reputed Hindu temple in Mumbai

Sings Melodious Bhajans English, Hindi, Gujarati and Sanskrit Cell Phone: (734) 272 -1667 Email: templepriest4@gmail.com Shri Kiran Subramanya (Kiran Ji) With the Temple since October 2005 Well trained in vedic philosophy from family guru Shri Kumara Subramanya from Amai

Samprathishtthana in Karnataka Started his vedic education at early age of 13 English, Hindi, Kannada, Tamil, Tulu, Working Knowledge : Telugu, Gujarati, Sanskrit Cell Phone: (734) 377 - 6138 Email : templepriest3@gmail.com

Our Priests

9

itÇwtÇt 2013 Statement of Activities Page 1

— 9

Actuals ‐   Full Year Es ‐   Budget 

  2013    2013    2013 

REVENUES    Opera onal Revenue    Member Contribu ons/Dona ons    $ 339,492 $ 512,656 $ 550,454 Music & Dance Class    4,423 10,897 10,000 Priest Services    61,895 92,527 100,000 Adver sements    - 3,000 5,000 Hall Rental    53,656 71,541 50,000 Interest Income    362 2,500 10,000 BalVihar    - 31,000 32,000

Total opera onal Revenues    459,828 724,121 757,454 Pledges Received    128,490 175,000 200,000

Total Revenues  $ 588,318 $ 899,121 $ 920,967

EXPENSES   

Salaries/Subcontractors    $ 135,750 $ 181,000 $ 137,500 Health Insurance    48,155 64,207 40,000 Automobile Expense    655 873 15,000 Payroll taxes and other    10,385 13,847 17,100

Total Expenses    194,945 259,927 145,500 Facility Expenses    Contribu ons    3,028 4,528 5,000 Garbage Removal    1,581 2,108 1,800 Repairs & Maintenance including Hall    6,936 12,248 11,000 Security Expense    1,875 2,500 2,000 Snow Plowing & Lawn cu ng    5,918 7,891 9,000 Telephone    2,066 2,755 3,000 Temple Insurance    4,027 5,369 7,200 U li es - Gas and Electric    34,192 45,589 85,000 U li es - Water    3,135 4,180 8,000

Total Facility Expenses    62,758 87,168 196,100 Other Opera onal Expenses    Dance Class    2,165 2,887 8,000 Flowers    4,545 6,060 7,500 Event Expenses- Supplies, Food,etc.    55,778 62,922 10,000 Kitchen Supplies - Paper & Food    14,645 19,527 20,000 Miscellaneous - dona on boxes, ornaments    444 592 10,000 Opera ng Supplies    7,468 9,957 28,000

Total Other Opera onal Expenses    85,045 101,944 83,500

10

itÇwtÇt 2013 Statement of Activities Page 2

— 10 —

Administra ve Expenses    Audit fees/Legal fees    3,760 10,260 6,000

Bank and Credit Card Collec on Charges    1,892 2,523 6,000 Calendars, Posters, Directory & Newsle ers    5,119 6,825 11,000

Casual Labor - Administra ve    8,723 11,631 12,000 Community Service - Yoga, Scholarships, Health Fair, 

Etc.    3,550 4,733 16,500 Licenses and Permits    650 867 750 Office Exp/Postage     3,210 4,280 7,200

Payroll Processing Fee    1,975 2,633 1,650 Total Administra ve Expenses    28,879 43,752 61,100

Normalized Opera ng Expenses  $ 371,627 $ 492,791 $ 486,200

Interest Expense    58,851 120,000 150,000 Total Special Events' Expenses    58,851 120,000 150,000

Total Expenses  $ 430,478 $ 612,791 $ 486,200

Debt Obliga ons   

Bond Repayments - Addi onal Principal    100,000 Bond Repayments - Principal    175,000 175,000 185,000

Total Debt Obliga ons  $ 175,000 $ 275,000 $ 185,000  Cash Surplus For The Year  $ (17,160) $ 11,330 $ 99,767

MEMO ONLY - Total Expenses + Debt Obligations $ 605,478 $ 887,791 $ 671,200

BALANCE SHEET SUMMARY    Cash in Bank   

Cash in Bank - Unrestricted Funds    $ 143,689 $ 90,000 $ - Cash in Bank - 6 months opera ons    250,000 250,000 400,000

Cash in Bank - Restricted Funds    250,000 250,000 500,000 Total Cash Balance    $ 643,689 $ 590,000 $ 900,000

Pledges Receivables    $ 1,491,000 $ 1,250,000 $ 1,450,000

Notes Payable   

Bonds Outstanding    4,095,000 3,995,000 3,995,000 Members' Loan    201,000 201,000 201,000

Total Notes Payable    $ 4,296,000 $ 4,196,000 $ 4,196,000

11

itÇwtÇt 2014, 2015 & 2016 Projections Page 1

— 11 —

Projec ons 

  2014     2015    2016 

REVENUES    Opera onal Revenue    Member Contribu ons/Dona ons    $ 563,900 $ 592,100 $ 621,700 Music & Dance Class    12,000 12,600 13,200 Priest Services    101,800 106,900 112,200 Adver sements    3,300 3,500 3,700 Hall Rental    78,700 82,600 86,700 Interest Income    2,500 5,000 5,000 BalVihar    34,100 35,800 37,600

Total opera onal Revenues    796,300 838,500 880,100 Pledges Received    200,000 200,000 200,000

Total Revenues  $ 996,300 $ 1,038,500 $ 1,080,100

EXPENSES   

Salaries/Subcontractors    $ 187,100 $ 196,500 $ 206,300 Health Insurance    70,600 74,100 77,800 Automobile Expense    1,000 1,100 1,200 Payroll taxes and other    15,200 16,000 16,800

Total Expenses    273,900 287,700 302,100 Facility Expenses    Contribu ons    5,000 5,300 5,600 Garbage Removal    2,300 2,400 2,500 Repairs & Maintenance including Hall    20,000 21,100 22,200 Security Expense    5,000 5,300 5,600 Snow Plowing & Lawn cu ng    8,700 9,100 9,600 Telephone    3,000 3,200 3,400 Temple Insurance    5,900 6,200 6,500 U li es - Gas and Electric    50,100 52,600 55,200 U li es - Water    4,600 4,800 5,000

Total Facility Expenses    104,600 110,000 115,600 Other Opera onal Expenses    Dance Class    3,200 3,400 3,600 Flowers    6,700 7,000 7,400 Event Expenses- Supplies, Food,etc.    44,700 47,000 49,300 Kitchen Supplies - Paper & Food    21,500 22,600 23,700 Miscellaneous - dona on boxes, ornaments    700 700 700 Opera ng Supplies    11,000 11,600 12,200

Total Other Opera onal Expenses    87,800 92,300 96,900

12

itÇwtÇt 2014, 2015 & 2016 Projections Page 2

— 12 —

Administra ve Expenses    Audit fees/Legal fees    11,300 11,900 12,500 Bank and Credit Card Collec on Charges    2,800 2,900 3,000 Calendars, Posters, Directory & Newsle ers    7,500 7,900 8,300 Casual Labor - Administra ve    12,800 13,400 14,100 Community Service - Yoga, Scholarships, Health Fair, Etc.    5,200 5,500 5,800 Licenses and Permits    1,000 1,100 1,200 Office Exp/Postage     4,700 4,900 5,100 Payroll Processing Fee    2,900 3,000 3,200

Total Administra ve Expenses    48,200 50,600 53,200

Normalized Opera ng Expenses  $ 514,500 $ 540,600 $ 567,800

Interest Expense    115,000 113,000 100,000 Total Special Events' Expenses    115,000 113,000 100,000

Total Expenses  $ 629,500 $ 653,600 $ 667,800

Debt Obliga ons    Bond Repayments - Addi onal Principal    250,000 300,000 350,000 Bond Repayments - Principal    - - -

Total Debt Obliga ons  $ 250,000 $ 300,000 $ 350,000

 Cash Surplus For The Year  $ 116,800 $ 84,900 $ 62,300

MEMO ONLY - Total Expenses + Debt Obliga-tions $ 879,500 $ 953,600 $ 1,017,800

BALANCE SHEET SUMMARY    Cash in Bank    Cash in Bank - Unrestricted Funds    $ 206,800 $ 484,900 $ 269,100 Cash in Bank - 6 months opera ons    - - - Cash in Bank - Restricted Funds    500,000 500,000 500,000

Total Cash Balance    $ 706,800 $ 984,900 $ 769,100 Pledges Receivables    $ 1,366,800 $ 1,066,800 $ 966,800 Notes Payable    Bonds Outstanding    3,695,000 3,395,000 3,045,000 Members' Loan    251,000 251,000 251,000

Total Notes Payable    $ 3,946,000 $ 3,646,000 $ 3,296,000

13

itÇwtÇt 2014 Major Temple Events

— 13 —