Thursday, January 19, 2017

Transcription

1 Thursday, January 19, 2017 INCOME Parish Giving [A] 1,452, % 1,395,870 1,398,951 (3,081) % 1,377,101 Plate Collections 23, % 23,000 20,557 2, % 25,415 Endowment Income 5.00% Draw 414, % 402, ,000 12, % 391,000 (414,000) Expected Gifts and Bequests [N] 65, % 75,172 75,332 (160) % 77,611 (65,172) CCEP Transfer 124, % 120, , % 119,350 Transfer from Restricted Funds [B] 24, % 27,000 48,000 (21,000) % 21,500 (24,000) Green Show, U.T.O., Thanks, Xmas, Easter 129, % 101, ,274 (7,574) % 120,768 Rental & Miscellaneous Income [C] 22, % 22,100 9,181 12, % 47,043 Contingency Fund Draw [M] % 16,800 11,902 4, % 0 TOTAL INCOME 2,255, % 2,183,642 2,183, % 2,179,788 (414,000) (89,172) MISSION A. Outreach 1) To Outreach from Budget 306, % 315, ,852 10, % 308,337 2) Passthroughs to Outreach 134, % 101, ,274 (7,574) % 120,768 Sub-total Outreach 441, % 417, ,126 3, % 429, B. Parish Programs 189, % 206, ,736 3, % 209,668 89,424 17,000 C. Administration 1,385, % 1,325,792 1,361,551 (35,759) % 1,269, ,335 48,172 D. Buildings and Property 238, % 233, ,784 28, % 265, ,241 24,000 TOTAL EXPENSES 2,255, % 2,183,544 2,183, % 2,173, ,000 89,172 INCOME LESS EXPENSES , [A] Projected Pledges adjusted from initial 7% Stewardship ask [B] Needs Vestry approval - [Memorial Gardens = $7,500] & [Endowment Contribution in restricted funds, 4.5% draw = $16,500] [C] Squirrel Run = $22,800 [4 mos. X 1, mos. X 2,100] [M] Excess operating surplus carryover applied to next year [N] Decrease Expected Gifts by $10,000 for Jessie Ball grant non-renewal in 2017 Page 1

2 A. OUTREACH ======= Budgeted Parish Giving Outreach Allocations (undesignated) 83, % 80,010 80, % 80,579 Outreach Allocations (designated for MDG) (S) % 13,959 13, % 13,357 Theological Education 6, % 13,959 3,115 10, % 13,180 Clergy Discretionary Fund 10, % 14,000 14, % 4,800 Sub-total: 100, % 121, ,084 10, % 111,916 Diocesan Contribution (E) 206, % 193, , % 196,421 Total Outreach from Budget 306, % 315, ,852 10, % 308,337 Unbudgeted Giving (Passthroughs) Thanksgiving * 2, % 2,500 2, % 2,429 Green Show * 105, % 72,000 72, % 88,000 Christmas * 15, % 15,000 18,392 (3,392) % 16,177 Easter * 7, % 7,200 10,643 (3,443) % 9,132 United Thank Offering* 5, % 5,000 6,077 (1,077) % 5,030 Total Passthroughs 134, % 101, ,274 (7,574) % 120,768 TOTAL OUTREACH 441, % 417, ,126 3, % 429, *Projected Amounts [E] 2017 Budget - Minimum 10.8% = $206,018, Fair Share 14.3% = $272,783; 2016 Budget - Minimum 10.8% = $193,768, Fair Share 14.3% = $256,563 [S] Combined with Parish Giving to Outreach as MDG project concluded Page 2

3 B. PARISH PROGRAM MINISTRY = Adult Christian Enrichment ACE Program 5, % 6,800 1,009 5, % 2,327 5,800 Visiting Theologians & Guests 4, % 4,500 7,594 (3,094) % 6,817 4,000 Sub-total Adult Christian Enrichment 9, % 11,300 8,603 2, % 9,144 Children and Youth Enrichment Children's Ministry 7, % 7,725 6, % 7,475 5,314 Youth Ministry 6, % 6,950 6, % 7,744 J2A Pilgrimage % % 500 Sub-total Children and Youth Enrichment 13, % 15,175 13,747 1, % 15,719 Fellowship & Pastoral Care Parish Community/Receptions 8, % 9,000 6,708 2, % 11,621 Newcomers'/Evangelism % 2, , % 2,227 Pastoral Ministries % % 205 Sub-total Fellow ship and Pastoral Care 9, % 12,250 7,806 4, % 14,053 Worship and Music Worship Supplies & Expenses 6, % 6,700 11,538 (4,838) % 10,143 5,000 Music: Choir Salaries 95, % 94,932 95,325 (393) % 77,595 59,946 Owen - Sabbatical [F] ,000 Supplies & Expense 6, % 6,475 6,490 (15) % 8, Junior Choir Supplies & Expense % % 875 Tuning, Maint. of Organ 4, % 4,300 2,525 1, % 2, Guest Musicians (Liturgy) 4, % 5,000 5,275 (275) % 14,462 4,000 Concert Series Support (Non-liturgical) 4, % 5,250 8,041 (2,791) % 10,687 4,250 Concert Series Support (Choir Concerts) 2, % 5,024 4, % 0 1,750 Easter & Christmas Musicians 12, % 12,000 13,550 (1,550) % 10,520 12,000 Sub-total Music 129, % 133, ,579 (2,098) % 139,344 Other Stewardship 7, % 10,000 5,635 4, % 15,765 Consortium for Endowed Parishes 2, % 2,750 2, % 5, Director of Music - Relocation Expenses % 5,000 7,354 (2,354) 0.00% 0 Ministry Development [H] 10, % 10,000 9, % 0 2,439 Sub-total Other 19, % 27,750 25,463 2, % 21,265 TOTAL PARISH PROGRAM [Q] 189, % 206, ,736 3, % 209,668 89,424 17,000 ======= [F] Owen - Sabbatical - Vestry approved $16,000 expenditure in 2015; $2,000 in staff development, balance from Rector's Woolard Fund [H] Partially funded by Lydia Chichester du Pont Endowment [Q] Rector reductions to Program $8,500 from ACE, C&Y, PL, Music, Stewardship, and Ministry Development Page 3

4 C. ADMINISTRATION === Staff Salaries [I] 759, % 763, ,827 6, % 745,085 Clergy Ben. (Pen., Ins., Auto.) 134, % 112, ,395 (398) % 77,504 Staff Ben.(Hosp/Dis/Life, Etc.) [J] 172, % 179, ,919 (1,990) % 156,353 Soc. Sec. Taxes (Clergy/Staff) 82, % 80,723 79, % 77,744 Staff Development 9, % 8,500 9,429 (929) % 9,073 Lay Ministries Development % % 716 Clergy Professional Expenses 6, % 6,500 6,794 (294) % 6,836 Defined Benefit Plan Pension Contribution 30, % 0 26,913 (26,913) 0.00% 19,962 Lay Pension Funds (ER-5%;EE match-4%) 40, % 39,251 41,061 (1,810) % 35,120 Sub-total Staff 1,235, % 1,191,047 1,216,321 (25,274) % 1,128,393 Office Telephones 2, % 3,000 2, % 4,345 Computer Expenses [R] 13, % 14,365 12,066 2, % 11,165 Computer Cloud Migration Project [O] 12, % % 0 Postage 8, % 6,500 9,533 (3,033) % 6,278 Equipment Contracts 12, % 15,000 13,099 1, % 15,115 Operating Supplies & Expenses 28, % 25,000 33,215 (8,215) % 29,235 Merchant & Bank Fees 8, % 11,500 13,141 (1,641) % 13,587 Sub-total Office 84, % 75,365 83,389 (8,024) % 79,725 Risk Management Accounting & Legal Expenses 25, % 23,600 27,710 (4,110) % 23,601 Insurance [P] 35, % 32,000 30,577 1, % 34,244 Sub-total Risk Management 60, % 55,600 58,287 (2,687) % 57,845 Communications Website 2, % 2,580 2, % 2,449 Communications 2, % 1, % 1,191 Sub-total Communications 5, % 3,780 3, % 3,640 TOTAL ADMINISTRATION [R] 1,385, % 1,325,792 1,361,551 (35,759) % 1,269, ,335 48,172 ========= [I] A 3% increase, with an effective rate of 2.88% [J] Includes Medicare Supplement Insurance for retirees [P] Includes additional premium each of $750 for 3M Umbrella coverage increase [O] $6,300 One time costs; CCEP estimate $2,400 not in Cost Allocation from 1M to 4M and $1,519 for Earthquake coverage [R] Rector reduction $1,000 from Computer Equipment Purchase Page 4

5 D. BUILDINGS AND PROPERTY ======== Repairs & Maintenance Church 15, % 18,000 15,189 2, % 18,160 15,500 Parish House & Chapel 22, % 25,000 33,886 (8,886) % 28,340 1,000 Rectory 4, % 6,000 2,003 3, % 4,629 Squirrel Run 3, % 5,000 1,472 3, % 3,842 Sexton's Residence 2, % 2,500 2,528 (28) % 2,225 TOTAL REPAIRS & MAINTENANCE 47, % 56,500 55,078 1, % 57,196 Roads & Grounds 22, % 20,000 25,000 (5,000) % 27,273 7,500 Cleaning Service % % 0 Fire Co. Contrib. & Security 1, % 2,000 2, % 0 Gas, Electricity, Water, Oil 85, % 98,500 85,067 13, % 96,933 Truck, Tractors, Etc. 6, % 12,000 4,511 7, % 12,511 Equipment & Improvements % 500 1,899 (1,399) % (9) Supplies - General 15, % 18,000 16,571 1, % 19,485 Dues: East Buck Road Association 1, % 1,500 1,758 (258) % 1,675 Capital Expenditures Fund Transfer [K] 60, % 24,700 12,900 11, % 50,000 TOTAL BUILDINGS AND PROPERTY 238, % 233, ,784 28, % 265, ,241 24,000 TOTAL EXPENDITURES 2,255, % 2,183,544 2,183, % 2,173, ,000 89,172 ===== INCOME LESS EXPENSES [L] , [K] Estimated Capital Expenditures Fund Transfer in 2017 = $60,000; Allocation for future years projected at $80,000 to $100,000 per year [L] Target Goal of 2% Reserve Transfer of Excess Net Income to Contingency Fund Page 5