KMC 1434 Newsletter

KMC 1434 Newsletter

KMC 1434 Newsletter

 Department of Finance & Admin:

Financial Report: 2010 - 2013
The F&A Department painstakingly combed through the KMC financial activities from the end of the month of February 2010 to end of September 2013 and presents below a summary of income and expenditure covering the period in question which is equivalent to 44 months.
Miscellaneous transactions are recorded under Administrative Expenses.

Inflow

Amount

 

Brought Forward

1,222,175.37

 

Eid Collections - 6 Eids

1,196,610.00

 

Donation in Trust

3,000,000.00

 

Waqaf

3,468,890.00

 

Hospital Project & other donations less charges

4,115,374.63

 

Land Lease

3,000,000.00

 

 Total:

16,003,050.00

 

 

Accounts: Income

 

1

Gtbank Main Account

         12,534,160.00

 

2

Gtbank Waqaf Account

           3,468,890.00

 
 

Total

         16,003,050.00

 

 

EXPENDITURE

 

1

Salaries

1,892,000.00

 

2

Admin Expenses

1,797,942.70

 

3

Welfare

1,784,246.74

 

4

Investment in KMCH

6,252,348.95

 

5

One Ummah

613,262.13

 

6

Projects

1,606,772.23

 

7

Business

141,464.65

 

8

Information

683,023.10

 

9

Bank Charges

129,146.91

 
 

Total

14,900,207.41

 
 

Balance

1,102,842.59

 
         
 

Summary of Balance

Amount

 

Gtbank Main Account

           1,048,490.31

 

Gtbank Waqaf Account

                54,352.28

 

Balance

           1,102,842.59

The previous financial summary which was presented to the Ummah in February 2010 covered the period from 2008.

Finance department notes that most of the donations in Hospital Project and other donations, and some in Waqaf are from the reach out efforts of KMC Executive Members. As such, I pray that Allah accept it from each of them and the entire Ummah for its effort.


Suleiman Alhassan
Director (Finance & Admin)

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