EMMANUEL CHURCH INCOME & EXPENSE STATEMENT OCTOBER 2018

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1 EMMANUEL CHURCH INCOME & EXPENSE STATEMENT OCTOBER 2018 OPERATING INCOME & EXPENSE OCT YTD ACTUAL ANNUAL BUDGET INCOME Pledges & Contributions $ 67, $ 681, $ 854, Rental Income $ 2, $ 5, $ 8, Other Income $ 10, $ 36, $ 52, TOTAL INCOME $ 80, $ 723, $ 914, EXPENSES Salaries & Wages $ 28, $ 305, $ 375, Employee Benefits $ 9, $ 115, $ 142, Matching FICA $ 2, $ 23, $ 29, Beyond the Parish $ 8, $ 95, $ 122, Parish Programs $ 6, $ 52, $ 76, Operating Expenses $ 29, $ 189, $ 212, Other Expenses $ 6, $ 15, $ 14, TOTAL EXPENSES $ 91, $ 797, $ 973, NET Income/(Loss) $ (11,367.30) $ (74,211.32) $ (58,753.69) ENDOWMENT FUNDS OPERATING INCOME Endowment Williams Rhodes Music $ $ 2, $ 2, Endowment Dearing Fund $ 3, $ 12, $ 12, NET Income/(Loss) $ 3, $ 15, $ 15, Unrealized Pledges $ $ $ TOTAL NET INCOME/(LOSS) $ (7,479.68) $ (58,558.14) $ (43,100.51) IN/OUT INCOME & EXPENSE YTD INCOME YTD EXPENSE YTD BALANCE Capital Fund Drive Income/Expense $ 103, $ 103, $ CASH ON HAND Synovus Accounts Construction Account $ 14, Operating Funds $ (58,558.14) Restricted Funds $ 629, Prepaid Pledges $ 13, Prepaid Pledges $ 4, Operating Surplus Funds $ 296, $ 884, Thrift House Surplus Funds $ 7, Thrift House Funds $ 13, Thrift House Sales Tax Held $ $ 21, Operating Account Total $ 906,294.01

2 EMMANUEL CHURCH ENDOWMENT FUNDS INCOME 10/31/2018 1ST QTR ND QTR RD QTR TH QTR 2018 TOTAL FUND NAME FUND USE INCOME INCOME INCOME INCOME INCOME General Fund Income Major Maintenance goes into $ 7, $ 7, $ 7, $ 7, $ 29, Williams/Rhodes Building Fund Funds accumulate in (25% of earnings) $ 7, $ 7, $ 7, $ 7, $ 29, Williams/Rhodes Outreach Outreach Grants goes into (70% of earnings) $ 21, $ 20, $ 20, $ 20, $ 82, Goes into then Check written out to Clergy Williams/Rhodes Discretionary Discretionary (2 1/2% of earnings) $ $ $ $ $ 2, Williams/Rhodes Music Funds used in Operating Budget (2 1/2% of earnings) $ $ $ $ $ 2, Joelson Fund Funds accumulate in $ 1, $ 1, $ 1, $ 1, $ 5, Accumulates in for Parish Support during Jennie Smith/Sabbatical Rector's Sabbatical $ $ $ $ $ Sexton Fund/Choir Music Program goes into $ 2, $ 2, $ 2, $ 2, $ 10, Altar Guild Trust Income Altar Guild goes into $ $ $ $ $ E Long/Rector Discretionary Goes into then Check written out to Clergy Discretionary $ 6.54 $ 6.37 $ 6.37 $ 6.37 $ VonderliethMcLeroy Maint Accumulates in for Sunday School Room Maintenance $ $ $ $ $ Rhodes Trust/Ed of a Priest Accumulates in for Scholarships for Seminarians $ $ $ $ $ 3, Leighton Ballew Fund Funds accumulate in $ 2, $ 2, $ 2, $ 2, $ 10, Mildred Dearing Fund Funds used in Operating Budget $ 3, $ 3, $ 3, $ 3, $ 12, Accumulates in for assistance in the medical Bloomfield Fund/Children needs of the children of Athens Clarke County $ 1, $ 1, $ 1, $ 1, $ 6, TOTALS $ 50, $ 49, $ 49, $ 49, $ 198,759.00

3 Phase 2 Construction CAPITAL CAMPAIGN SUMMARY Phase 2 Sanctuary Phase 2 Total Pledges $1,387, as of 6/7/16 October, 2018 Funds Received Building Construction Construction Construction Month Gifts Non Pledge Grants Endowment Pledge 2 Total Loan Draws Loan Draws Fees Loan Interest ***Beginning balance from Phase 1 $ 170, Totals $ 255, $ 14, $ $ $ 226, $ 495, $ $ $ 2016 Totals $ 27, $ 14, $ $ 1,000, $ 478, $ 1,520, $ 585, $ 2, $ 11, Totals $ 1, $ $ $ $ 337, $ 338, $ 5, $ $ 21, January, 2018 $ $ $ $ $ 15, $ 15, $ (135,000.00) February, 2018 $ $ $ $ $ 6, $ 6, $ 5, March, 2018 $ $ $ $ $ 4, $ 4, $ (30,000.00) April, 2018 $ $ $ $ $ 6, $ 6, May, 2018 $ $ $ $ $ 5, $ 5, $ (5,000.00) $ 4, June, 2018 $ $ $ $ $ 4, $ 4, $ (8,000.00) July, 2018 $ $ $ $ $ 6, $ 6, August, 2018 $ $ $ $ $ 10, $ 11, $ 4, September, 2018 $ $ $ $ $ 39, $ 39, $ (12,000.00) October, 2018 $ $ $ $ $ 4, $ 4, $ (40,000.00) November, 2018 December, Totals $ $ $ $ $ 103, $ 103, $ (230,000.00) $ $ 14, Grand Total $ 283, $ 28, $ $ 1,000, $ 1,146, $ 2,629, $ 360, $ 3, $ 33, Total 2015 Expenses $ 99, Total 2016 Expenses $ 2,510, Total 2017 Expenses $ 350, Synovus $ 5, construction loan interest thru 2/17/2018 Synovus $ 4, construction loan interest thru 5/17/2018 Synovus $ 4, construction loan interest thru 8/17/2018 Total 2018 Expenses $ 14, BUILDING FUND BALANCE $ 14, ***Beginning Balance from Phase 1 calculations 2015 income $ 495, expenses $ (99,717.84) $ 396, ending bank balance $ 566, $ (396,139.75) Beginning Balance from Phase 1 $ 170, Page 3

4 EMMANUEL CHURCH INCOME & EXPENSE STATEMENT COMPARISON OCTOBER, 2017 OCTOBER, 2018 OPERATING INCOME & EXPENSE OPERATING INCOME & EXPENSE OCT YTD ACTUAL ANNUAL BUDGET OCT YTD ACTUAL ANNUAL BUDGET INCOME INCOME Pledges & Contributions $ 74, $ 716, $ 875, Pledges & Contributions $ 67, $ 681, $ 854, Rental Income $ $ $ 8, Rental Income $ 2, $ 5, $ 8, Other Income $ 3, $ 42, $ 65, Other Income $ 10, $ 36, $ 52, TOTAL INCOME $ 77, $ 759, $ 949, TOTAL INCOME $ 80, $ 723, $ 914, EXPENSES EXPENSES Salaries & Wages $ 23, $ 281, $ 356, Salaries & Wages $ 28, $ 305, $ 375, Employee Benefits $ 9, $ 115, $ 149, Employee Benefits $ 9, $ 115, $ 142, Matching FICA $ 1, $ 22, $ 28, Matching FICA $ 2, $ 23, $ 29, Beyond the Parish $ 8, $ 101, $ 119, Beyond the Parish $ 8, $ 95, $ 122, Parish Programs $ 5, $ 61, $ 70, Parish Programs $ 6, $ 52, $ 76, Operating Expenses $ 11, $ 172, $ 214, Operating Expenses $ 29, $ 189, $ 212, Other Expenses $ 2, $ 16, $ 15, Other Expenses $ 6, $ 15, $ 14, TOTAL EXPENSES $ 62, $ 771, $ 953, TOTAL EXPENSES $ 91, $ 797, $ 973, NET Income/(Loss) $ 15, $ (11,956.31) $ (4,681.82) NET Income/(Loss) $ (11,367.30) $ (74,211.32) $ (58,753.69) ENDOWMENT FUNDS OPERATING INCOME ENDOWMENT FUNDS OPERATING INCOME Endowment Williams Rhodes Music $ $ 3, $ 3, Endowment Williams Rhodes Music $ $ 2, $ 2, Endowment Dearing Fund $ 3, $ 12, $ 12, Endowment Dearing Fund $ 3, $ 12, $ 12, NET Income/(Loss) $ 3, $ 15, $ 15, NET Income/(Loss) $ 3, $ 15, $ 15, Unrealized Pledges $ $ $ 6, Unrealized Pledges $ $ $ TOTAL NET INCOME/(LOSS) $ 19, $ 3, $ 4, TOTAL NET INCOME/(LOSS) $ (7,479.68) $ (58,558.14) $ (43,100.51) IN/OUT INCOME & EXPENSE YTD INCOME YTD EXPENSE YTD BALANCE IN/OUT INCOME & EXPENSE YTD INCOME YTD EXPENSE YTD BALANCE Capital Fund Drive Income/Expense $ 166, $ 166, $ Capital Fund Drive Income/Expense $ 103, $ 103, $ CASH ON HAND Athens First Bank & Trust Accounts CASH ON HAND Synovus Accounts Construction Account $ 23, Construction Account $ 14, Operating Funds $ 3, Operating Funds $ (58,558.14) Restricted Funds $ 511, Restricted Funds $ 629, Prepaid Pledges $ 7, Prepaid Pledges $ 13, Prepaid Pledges $ 5, Prepaid Pledges $ 4, Operating Surplus Funds $ 552, $ 1,080, Operating Surplus Funds $ 296, $ 884, Thrift House Surplus Funds $ 3, Thrift House Surplus Funds $ 7, Thrift House Funds $ 7, Thrift House Funds $ 13, Thrift House Sales Tax Held $ $ 11, Thrift House Sales Tax Held $ $ 21, Operating Account Total $ 1,091, Operating Account Total $ 906, Page 4

5 Date : 11/13/2018 Time : 12:37:50 PM EMMANUEL EPISCOPAL CHURCH Budget Analysis of Revenues & Expenses Department: EMMANUEL CHURCH January to October 2018 Page : 1 Accounts MTD Actual MTD Budget YTD Actual YTD Budget Budget (This Year) Budget Remaining Revenues PLEDGES & CONTRIBUTIONS Pledges $72, $58, $585, $581, $697, $112, Plate $1, $2, $12, $20, $25, $12, Recordable Contributions $5, $10, $74, $104, $125, $50, Christmas Offering $2, $2, Good Friday Offering $ $ $ ($26.04) Easter Offering $2, $2, $2, ($560.18) Thanksgiving Offering $ $ Miscellaneous Income ($12,103.11) $20.83 $ $ $ ($142.83) Pledges Recorded 2018 $6, $1, $1, ($5,395.00) Total PLEDGES & CONTRIBUTIONS $67, $70, $681, $709, $854, $172, RENTALS Parking Lot Rental $2, $ $5, $6, $8, $2, Total RENTALS $2, $ $5, $6, $8, $2, OPERATING ENDOWMENT FUNDS Williams Rhodes Music $ $ $2, $2, $2, Mildred Dearing Fund $3, $3, $12, $12, $12, Total OPERATING ENDOWMENT FUNDS $3, $3, $15, $15, $15, OTHER INCOME Interest $ $83.33 $1, $ $1, ($593.28) Columbarium $ $3, $6, $7, $4, Designated Gifts $2, $4, ($4,650.00) EEDS Contribution $ $ $7, $7, $9, $1, EEDS Financial Services $ $ $4, $4, $4, $ Flower Guild Income $ $ $4, $5, $6, $1, Wedding Income $ $1, $5, $6, $4, Fund Raising Events Fundraising $6, $18, $9, $18, $18, $8, Total Fund Raising Events $6, $18, $9, $18, $18, $8, Total OTHER INCOME $10, $20, $36, $46, $52, $15, Total Revenues $83, $96, $738, $778, $930, $191, Expenses SALARIES & WAGES Rector's Salary & Housing $10, $10, $101, $101, $122, $20, Assoc Rector Youth Ministri $6, $5, $55, $54, $65, $10, Parish Administrator $4, $4, $42, $41, $49, $7, Director of Catechesis $1, $ $9, $9, $11, $1, Sexton I Wages $2, $16, $24, $29, $12, Choir Director $2, $1, $19, $19, $23, $3, Organist $1, $18, $19, $23, $4, PartTime Help $ $4, $4, $5, $1, Supply Clergy $33.33 $1, $ $ ($1,078.25) Nursery Worker Wages $ $ $3, $6, $7, $3, Director of Finance $3, $3, $31, $31, $37, $5, Total SALARIES & WAGES $28, $31, $305, $313, $375, $70, EMPLOYEE BENEFITS Rector's Travel $ $ $3, $3, $4, $ Rector's Pension Fund $1, $1, $19, $19, $23, $3, Rectors Medical Insurance $1, $1, $17, $17, $21, $3, Rector's Dental Insurance $ $ $1, $1, $1, $ Rector's Continuing Educa $ $ $1, $2, $1, Rector Group Life Insuran $27.50 $27.50 $ $ $ $ Assoc Rector Travel $ $ $1, $1, $1, $ Assoc Rector Pension $1, $1, $11, $10, $12, $1, Assoc Rector Med Ins $ $ $8, $7, $9, $ Assoc Rector Dental $70.00 $70.00 $ $ $ $ Assoc Rector Cont.Ed $ $83.33 $ $ $1, $ Assoc Rector Life $27.50 $27.50 $ $ $ $55.00

6 Date : 11/13/2018 Time : 12:37:51 PM EMMANUEL EPISCOPAL CHURCH Budget Analysis of Revenues & Expenses Department: EMMANUEL CHURCH January to October 2018 Page : 2 Accounts MTD Actual MTD Budget YTD Actual YTD Budget Budget (This Year) Budget Remaining Parish Administrator Pension $ $ $3, $3, $4, $ Parish Administrator Med Ins $ $ $8, $8, $10, $1, Sexton I Pension $ $1, $2, $2, $1, Sexton I Medical Insuranc $ $6, $8, $10, $4, Director of Finance Pension $ $ $2, $2, $3, $ Director of Finance Med/Life $ $ $8, $8, $10, $1, Choir Director Cont. Ed. $83.33 $ $ $1, $ Organist Pension $ $1, $1, $2, $ Organist Medical Ins $ $7, $8, $10, $2, Workers Comp Insurance $5, $4, $4, ($100.00) Staff Development $ $2, $2, $3, $ Nursery Workers Training E $20.83 $20.00 $ $ $ Total EMPLOYEE BENEFITS $9, $11, $115, $119, $142, $26, MATCHING FICA Rector: SECA $ $ $7, $7, $9, $1, Assoc Rector Youth SECA $ $ $4, $4, $4, $ Parish Administrator FICA $ $ $3, $3, $3, $ Parish Administrator Ins FICA $65.94 $65.94 $ $ $ $ Director of Catechesis FICA $83.20 $72.11 $ $ $ $ Sexton I's FICA $ $1, $1, $2, $ Choir Director FICA $ $ $1, $1, $1, $ Director of Music FICA $ $1, $1, $1, $ PartTime Help FICA $36.98 $ $ $ $ Nursery Worker's FICA $45.59 $49.09 $ $ $ $ Director of Finance FICA $ $ $2, $2, $2, $ Total MATCHING FICA $2, $2, $23, $24, $29, $5, BEYOND THE PARISH Diocesan Pledge $8, $8, $84, $84, $101, $16, Missions & Outreach ($140.98) $1, $10, $16, $20, $9, Diocese of Jerusalem $ $ $ ($26.04) Appleton Ministries $ $ Total BEYOND THE PARISH $8, $10, $95, $101, $122, $26, PARISH PROGRAMS Worship $49.36 $ $ $1, $1, $ Children's Formation/VBS $ $1, $8, $11, $13, $4, Adult Formation $ $1, $2, $2, $1, Music & Choir $ $ $5, $6, $7, $2, Children's Music $ $ $2, $2, $3, $ Youth Formation/EYC $ $ $3, $8, $10, $6, Young Adult Formation $41.67 $ $ $ Vestry Retreat $ $4, $4, $5, $ Diocesan Council $ $1, $1, $1, Parish Life $3, $1, $13, $10, $12, ($1,375.61) Communications/Advertising $ $ $1, $3, $4, $2, Pastoral Care $ $ $1, $2, $1, Stewardship $ $41.67 $ $ $ ($486.23) Archive Committee $41.67 $ $ $ Altar Guild $ $3, $4, $5, $1, Flower Guild $ $ $5, $5, $6, $ Organ Maintenance $16.67 $ $ $ Total PARISH PROGRAMS $6, $6, $52, $63, $76, $24, OPERATING EXPENSES Printing & Paper $1, $4, $10, $12, $7, Postage & Bulk Mail $36.00 $ $2, $3, $4, $2, Office Supplies $41.42 $ $4, $3, $4, ($100.48) Contract Services $1, $1, $12, $12, $14, $1, Janitorial Services $2, $5, ($5,570.00) Grounds Maintenance $1, $1, $15, $11, $13, ($2,329.16) General Maintenance $8, $2, $30, $25, $30, ($187.41) Janitorial Supplies $ $8, $7, $9, $357.59

7 Date : 11/13/2018 Time : 12:37:51 PM EMMANUEL EPISCOPAL CHURCH Budget Analysis of Revenues & Expenses Department: EMMANUEL CHURCH January to October 2018 Page : 3 Accounts MTD Actual MTD Budget YTD Actual YTD Budget Budget (This Year) Budget Remaining Storm Water Fee $ $ $1, $1, $1, $ Water $ $ $4, $5, $6, $1, Electricity $3, $3, $34, $35, $42, $7, Gas $ $1, $10, $11, $14, $3, Telephone $ $ $3, $3, $4, $1, Internet $31.00 $45.00 $ $ $ $ Television/Video $ $ $1, $1, $2, $ Miscellaneous Expenses $66.67 $ $ $ $ Property/Casualty Insuranc $5, $5, $22, $22, $22, $ Equipment $ $7, $4, $5, ($2,532.53) Copier Costs lease/copies $2, $ $6, $5, $7, $ Electronic Equipment Maint $ $ $7, $6, $7, $ Audit or Account Review $7, $7, $7, Nursery Supplies $54.00 $41.67 $ $ $ $ Professional/Legal Fees $2, ($2,395.00) Bus Gas & Maintenance $83.33 $84.52 $ $1, $ Bus Insurance, Tax & Tag $1, $1, $1, $1, $ Total OPERATING EXPENSES $29, $21, $189, $182, $212, $23, OTHER EXPENSES Bank Charges $97.21 $77.08 $ $ $ ($72.79) Columbarium Expense $ $41.67 $ $ $ ($201.28) Designated Gifts Expense $ $3, ($3,150.00) Wedding Expense $ $1, $4, $5, $4, Fund Raising Expenses Fundraising Expenses $6, $7, $9, $7, $7, ($1,784.97) Total Fund Raising Expenses $6, $7, $9, $7, $7, ($1,784.97) Total OTHER EXPENSES $6, $8, $15, $13, $14, ($859.04) UNCOLLECTED PLEDGES Uncollected Pledges 1% Total UNCOLLECTED PLEDGES DEPRECIATION Depreciation Expense Total DEPRECIATION Total Expenses $91, $90, $797, $818, $973, $175, Net Total ($7,479.68) $5, ($58,558.14) ($39,616.82) ($43,100.51) $15, Other Revenues TRANSFER IN Common Room Renovation $38, $292, ($292,273.84) Total TRANSFER IN $38, $292, ($292,273.84) Capital/Building Fund Campaign Building Fund Phase 2 Pledge $4, $103, ($103,578.33) Building Fund NonPledge Building Fund Gifts $50.00 $ ($100.00) Total Capital/Building Fund Campaign $4, $103, ($103,678.33) Total Other Revenues $42, $395, ($395,952.17) Other Expenses TRANSFER OUT Common Room Renovation $38, $292, ($292,273.84) Capital Fund Drive Expense $4, $103, ($103,678.33) Total TRANSFER OUT $42, $395, ($395,952.17) Total Other Expenses $42, $395, ($395,952.17) Net Operating Total ($7,479.68) $5, ($58,558.14) ($39,616.82) ($43,100.51) $15,457.63

8 Date : 11/13/2018 Time : 12:38:56 PM EMMANUEL EPISCOPAL CHURCH Restricted Accounts Summary Department: Temporary Restricted January to October 2018 Page : 1 Accounts Beginning Balance Restricted Revenue Restricted Expenses Ending Balance Temporary Restricted RESTRICTED ACCOUNT FUNDS MAJOR MAINTENANCE WR DISCRETIONARY SABBATICAL FUND EMMA LONG FUND/DISCRETIONARY VONDERLIETH/McLEROY MAINT RHODES TRUST/Ed of Priest BLOOMFIELD FUND WR BUILDING FUND COLUMBARIUM PAVER DEDICATION PROGRAM PROPERTY RESERVE FUTURE RENOVATIONS ADULT EDUCATION FUND YAC MISSION TRIP FUND JOURNEY TO ADULTHOOD HISPANIC MINISTRY BROTHERHOOD OF ST. ANDREW BAPTISMAL FUND NATURAL SPIRITUALITY FUND NATURAL SPIRITUALITY GATHERING MEMORIALS FUND INTERFAITH HOSPITALITY NETWORK HAITI FUND COMMUNITY THANKSGIVING DINNER MUSIC & CHOIR FUND KITCHEN FUND ACOLYTE PROGRAM FUND DAUGHTERS OF THE KING NON BUDGET MISCELLANEOUS FLOWER/ALTAR GUILD OUTREACH WR OUTREACH FUND JOELSON FUNDS LEIGHTON BALLEW FUND OUTREACH FUNDS OUTREACH/Emergency OUTREACH/Future Project Savings OUTREACH/Mission & Research OUTREACH/Smart Lunch Smart Kid OUTREACH/Thrift House OUTREACH/Camp Scholarships Total OUTREACH Total RESTRICTED ACCOUNT FUNDS Total Temporary Restricted $56, $29, $19, $2, $2, $8, $ $25.65 $19.28 $9, $ $21, $3, $35, $6, $8, $69, $29, $28, $9, $ $52, $33, $20, $ $ $ $1, $ $ $ $ $ $ $2, $ $ $10, $6, $9, $61, $3, $3, $3, $1, $25.00 $5, $10, $7, $1, $1, $ $3, $27, $17, $ $16, $81, $60, $30, $5, $6, $8, $6, $9, $6, $10, $15, $6, $4, $4, $1, $1, $13, $6, $5, $1, $80, $123, $95, $540, $241, $152, $540, $241, $152, $65, $ $8, $6.37 $9, $24, $33, $98, $28, $9, $52, $53, $ $ $2, $ $ $ $2, $6, $61, $1, $25.00 $8, $ $3, $27, $18, $37, $29, $2, $4, $15, $6, $1, $1, $6, $3, $108, $629, $629,372.78

9 Date : 11/13/2018 Time : 12:38:08 PM EMMANUEL EPISCOPAL CHURCH Budget Analysis of Revenues & Expenses Summary Department: EMMANUEL CHURCH January to October 2018 Page : 1 Accounts MTD Actual MTD Budget YTD Actual YTD Budget Budget (This Year) Budget Remaining Revenues PLEDGES & CONTRIBUTIONS $67, $70, $681, $709, $854, $172, RENTALS $2, $ $5, $6, $8, $2, OPERATING ENDOWMENT FUNDS $3, $3, $15, $15, $15, OTHER INCOME Fund Raising Events $6, $18, $9, $18, $18, $8, Total OTHER INCOME $10, $20, $36, $46, $52, $15, Total Revenues $83, $96, $738, $778, $930, $191, Expenses SALARIES & WAGES $28, $31, $305, $313, $375, $70, EMPLOYEE BENEFITS $9, $11, $115, $119, $142, $26, MATCHING FICA $2, $2, $23, $24, $29, $5, BEYOND THE PARISH $8, $10, $95, $101, $122, $26, PARISH PROGRAMS $6, $6, $52, $63, $76, $24, OPERATING EXPENSES $29, $21, $189, $182, $212, $23, OTHER EXPENSES Fund Raising Expenses $6, $7, $9, $7, $7, ($1,784.97) Total OTHER EXPENSES $6, $8, $15, $13, $14, ($859.04) UNCOLLECTED PLEDGES DEPRECIATION Total Expenses $91, $90, $797, $818, $973, $175, Net Total ($7,479.68) $5, ($58,558.14) ($39,616.82) ($43,100.51) $15, Other Revenues TRANSFER IN $38, $292, ($292,273.84) Capital/Building Fund Campaign $4, $103, ($103,678.33) Total Other Revenues $42, $395, ($395,952.17) Other Expenses TRANSFER OUT Total Other Expenses $42, $395, $42, $395, ($395,952.17) ($395,952.17) Net Operating Total ($7,479.68) $5, ($58,558.14) ($39,616.82) ($43,100.51) $15,457.63

10 Date : 11/13/2018 Time : 12:37:58 PM EMMANUEL EPISCOPAL CHURCH Analysis of Revenues & Expenses Detail Department: Thrift House January to October 2018 Page : 1 Accounts MTD Actual MTD Budget YTD Actual YTD Budget Budget (This Year) Budget Remaining Revenues THRIFT HOUSE REVENUE Sales Cash $3, $2, $30, $28, $33, $3, Sales Credit/ Debit Card $3, $2, $33, $28, $33, $ Sales Tax Vendor's Compens $15.35 $13.33 $ $ $ $ Miscellaneous Income Total THRIFT HOUSE REVENUE $7, $5, $63, $56, $67, $3, Total Revenues $7, $5, $63, $56, $67, $3, Expenses SALARIES & WAGES Thrift House Manager $2, $2, $26, $25, $30, $4, Total SALARIES & WAGES $2, $2, $26, $25, $30, $4, EMPLOYEE BENEFITS Thrift House Mgr Medical Ins $ $ $8, $8, $10, $1, Thrift House Mgr Pension $ $ $2, $2, $2, $ Total EMPLOYEE BENEFITS $1, $1, $10, $10, $13, $2, MATCHING FICA Thrift House Mgr FICA $ $ $1, $1, $2, $ Total MATCHING FICA $ $ $1, $1, $2, $ Thrift House Operating Expense Advertising TH $25.00 $20.00 $ $ $ Electricity TH $ $ $2, $3, $3, $1, Gas TH $80.23 $ $1, $1, $1, $ Water TH $ $ $ $1, $1, $ Telephone TH $61.42 $58.33 $ $ $ $ Internet TH $ $ $ $1, $1, $ Bank Credit Card Fees TH $ $ $2, $1, $2, ($69.00) Business Taxes TH $ $ $ Workers Comp Insurance TH $ $ $ Audit TH $1, $1, $1, Equipment TH $25.00 $20.00 $ $ $ Supplies TH $ $ $1, $1, $ Cash Over/Short ($1.61) ($9.30) $ Miscellaneous TH $8.33 $70.00 $83.30 $ $ Maintenance TH $ $ $1, $1, $1, ($327.33) Total Thrift House Operating Expense $1, $1, $11, $12, $15, $3, Total Expenses $5, $4, $50, $51, $61, $11, Net Total $1, $ $13, $5, $6, ($7,459.78)

11 EMMANUEL DAY SCHOOL INCOME & EXPENSE STATEMENT OCTOBER, 2018 OPERATING INCOME & EXPENSE OCT YEAR TO DATE INCOME Registration fees $ $ 17, Tuition $ 22, $ 103, Late Fees $ $ Early Morning Drop Off Fees $ $ Miscellaneous $ (60.00) $ (60.00) Interest Income $ $ Summer Camp $ $ Emmanuel Church Donations $ 6, $ 18, TOTAL INCOME $ 29, $ 139, EXPENSES Salaries $ 15, $ 47, Matching FICA/Medicare $ 1, $ 3, Workers Comp Insurance $ $ Professional Development $ $ Advertising $ $ 4.97 Dues & Subscriptions $ $ Classroom Supplies $ $ 2, Office Supplies $ $ Equipment $ $ Janitorial Services $ 1, $ 2, Maintenance $ $ Audit $ $ Miscellaneous $ $ Bank Charges $ $ Value of Rent $ 6, $ 18, Emmanuel Church Rent $ $ 2, Emmanuel Church Financial Services $ $ 1, Tuition Refund $ $ Summer Camp Salaries $ $ Summer Camp Matching Fica $ $ Summer Camp Supplies $ $ Summer Camp Refund $ $ TOTAL EXPENSES $ 26, $ 79, TOTAL NET INCOME/(LOSS) $ 2, $ 60, CASH ON HAND Operating Account Balance Money Market Balance $ 68, Surplus $ 20, Prepaid Registration $ Prepaid Tuition $ Prepaid Late Fees $ Prepaid Early Drop Off Fees $ Total Cash On Hand

12 Date : 11/13/2018 Time : 4:20:50 PM EMMANUEL EPISCOPAL DAY SCHOOL Analysis of Revenues & Expenses Operating Account August to October 2018 Page : 1 Accounts MTD Actual YTD Actual Budget Budget Remaining Revenues Registration Fees Tuition Late Fees Early Morning Drop Off Fees Summer Camp Interest Income Miscellaneous Income Emmanuel Church Donations Total Revenues Expenses Salaries Director Director Pension Director Benefit Teacher 5 day Teacher 5 day Teacher 4 day Teacher 5 day Teacher 4 day Teacher 5 day Teacher 5 day Teacher 5 day Teacher 3 day Teacher 3 day Teacher 5 day Teacher 5 day Teacher 3/2 day Teacher 3/2 day Music /Spanish Education Substitute Teachers Playground Supervision Christmas Bonus Service Appreciation Bonus Total Salaries Matching Fica/Medicare Director Director Benefit Teacher 5 day Teacher 5 day Teacher 4 day Teacher 5 day Teacher 4 day Teacher 5 day Teacher 5 day Teacher 5 day Teacher 3 day Teacher 3 day Teacher 5 day Teacher 5 day Teacher 3/2 day Teacher 3/2 day Music/Spanish Education Substitute Teachers Playground Supervision Christmas Bonus Service Appreciation Bonus Total Matching Fica/Medicare Operating $ $17, $15, $22, $103, $242, $20.00 $ $1, $ ($60.00) ($60.00) $ $6, $18, $73, $29, $139, $332, $2, $8, $34, $ $ $3, $ $1, $5, $1, $5, $20, $ $2, $10, $1, $3, $13, $ $2, $8, $ $1, $7, $ $2, $11, $ $1, $6, $ $2, $10, $ $1, $7, $ $1, $5, $ $2, $11, $ $2, $8, $ $2, $11, $ $2, $8, $1, $ $1, $4, $ $1, $ $15, $47, $193, $ $ $2, $31.87 $95.61 $ $ $ $1, $64.70 $ $ $88.94 $ $1, $55.85 $ $ $46.60 $ $ $72.35 $ $ $43.35 $ $ $66.94 $ $ $44.63 $ $ $32.51 $97.53 $ $70.34 $ $ $55.85 $ $ $72.35 $ $ $55.85 $ $ $91.80 $ $45.90 $ $68.85 $1, $3, $14, ($2,100.00) $139, $ $1, $ $ $54, $193, $26, $2, $3, $15, $7, $10, $6, $5, $8, $5, $7, $5, $3, $8, $6, $8, $6, $1, $3, $ $1, $ $146, $1, $ $1, $ $ $ $ $ $ $ $ $ $ $ $ $ $91.80 $ $45.90 $ $68.85 $11,075.92

13 Date : 11/13/2018 Time : 4:20:51 PM EMMANUEL EPISCOPAL DAY SCHOOL Analysis of Revenues & Expenses Operating Account August to October 2018 Page : 2 Accounts MTD Actual YTD Actual Budget Budget Remaining Workers Comp Insurance Professional Development Advertising Dues & Subscriptions Classroom Supplies Office Supplies Equipment Janitorial Services Maintenance Audit Miscellaneous Total Operating Summer Camp Camp Salaries Camp Matching Fica Camp Supplies Camp Miscellaneous Summer Camp Refund Total Summer Camp Other Expenses Bank Charges Value of Rent Emmanuel Church Rent Financial Services Tuition Refund Total Other Expenses Total Expenses $1, $82.50 $3, $4.97 $ $69.00 $ $ $ $2, $8, $ $ $1, $ $2, $1, $2, $13, $3, $1, $ $ $1, $2, $6, $36, $77.68 $ $ $6, $18, $73, $ $2, $9, $ $1, $4, $ $7, $22, $87, $26, $79, $331, $1, $2, $ $ $6, $ $1, $10, $3, $1, $ $29, $ $54, $6, $3, ($415.00) $65, $252, Net Total Other Revenues Prepaid Registration Fees Prepaid Drop Off Fees Prepaid Tuition Prepaid Late Fees Total Other Revenues Other Expenses Prepaid Registration Fees to MM Prepaid Late Fees to MM Prepaid Drop Off Fees to MM Prepaid Tuition to MM Prepaid Tuition Refund Total Other Expenses $2, $60, $1, ($58,620.19) Net Operating Total $2, $60, $1, ($58,620.19)

14 Date : 11/13/2018 Time : 4:21:23 PM EMMANUEL EPISCOPAL DAY SCHOOL Summary of Restricted Accounts Money Market August to October 2018 Page : 1 Accounts Beginning Balance Restricted Revenue Restricted Expenses Ending Balance Temporary Restricted Operating Fund Interest/Charges Scholarship Fund Surplus Total Temporary Restricted $121, $61, $24.59 $8, $ $ $20, $29, $121, $62, $60, $24.59 $8, $20, $88,979.69

15 Emmanuel Episcopal Church Finance/Administrative Committee Meeting Minutes November 13, 2018 Attending: Phil Bettendorf, Bob Davis, Terrie Seward, Betty Varnadore and Karen Holland I. Review of Previous Minutes No changes minutes were approved II. Review of Financial Numbers A. October 2018 Financial Numbers for Church Cash on Hand: $ 920, ($58,558.14) in operating $629, in restricted funds $13, in 2018 prepaid pledges $4, in 2019 prepaid pledges $21, from Thrift House $14, in construction account $296, in accumulated surplus funds from previous years For the Month: Total Revenue $83, Total Expense $91, Expenses Exceeded Revenues ($7,479.68) Year to Date: Total Revenue $738, Total Expense $797, Expenses Exceeded Revenues ($58,558.14) 1

16 There is $12,000 in misc. income that we could identify and moved to pledges during October. The annual payment for bus insurance was paid in October. The auditor, James Jordan, has been on site and we expect to receive his report and findings within the week. Preliminary indications are that we will have a clean audit. Beginning in 2019, we will need to do an RFP for a new auditor since 2018 will be the last year with James Jordan. Our budget process for 2019 has begun and will continue over the next several weeks. We reviewed the comparison of revenues and expenses from 2017 and B. Phase 2 Revenue collections October 2018 Revenue Collections $ 4, $2,458, Includes pledges, non Total Collections pledges, gifts & endowment Total Pledged as of 6/7/16 $1,387, Pledges Collected to Date $1,146, % for Phase 2 campaign Pledges Still Due $ 240, Line of credit balance $360,000 We have one pledge for $200,000 that is expected to be paid with half in 2018 and the other is We are recommending that no payment be made this month toward the line of credit since quarterly interest will be due soon. C. Thrift House For the Month: Total Revenue $7, Total Expense $5, Revenues Exceeded Expenses $1,

17 Year to Date: Total Revenue $63, Total Expense $50, Revenues Exceeded Expenses $13, D. Day School Financial Numbers Cash on hand: $93, Operating $ 5, Money Market $88, $ 20, surplus $ 000 prepaid tuition $68, operating For the month: Revenues $29, Expenses $ 26, Revenues Exceeded Expenses $ 2, Year to Date: Revenues $139, Expenses $ 79, Revenues Exceeded Expenses $ 60, The Day School is recommending the following monthly increases in tuition for the school year: 5day classes to $340 ($15 increase). This equals $20 per day. 4day classes to $280 ($10 increase). This is equals $20 per day. 3day classes to $235 ($5 increase). This equals $23 per day. 2day classes of $180 (no increase). This equals $25 per day We also anticipate increasing the starting pay for teachers in the school year budget to be closer in line with other downtown day school programs. The amount being considered is $9,000 a year in total pay for assistant teachers and $11,000 for lead teachers. (The other schools start their lead teachers at $15,000). This proposed tuition increase will cover the salary increases. The Day School fiscal budget is August 1 to July 31 st. (Teachers and staff are paid on a 12month period). III. Commission Reports 3

18 Stewardship Cornerstone Endowment Treasurer: Bob stated that through Nov. 8 th, 102 pledges totaling $433, have been received. The mean pledge amount is $4, Our goal is 200 pledging units and $750,000 in pledges. Bob Davis reported that an enhanced communication and engagement program for planned giving is being developed with a targeted roll out in the first quarter of As of October 31st, there was $4,989, in the endowment. The 990tax form for 2017 was filed this fall. Members of the endowment include: Shooter Roberts (Vice Chair), Alice McDonald, Phil Bettendorf, Gordon Sligh (Chair), Terrie Seward and Jan Wheeler (Secretary). Funds are with State Street Global Advisors with guidance and support from the Episcopal Church Foundation. The reconciliations for September were completed and journal entries reviewed. All was in order. Betty is almost done with the October reconciliations. In addition, she is working on inventory. She is working with James Jordan on how to upload fixed assets in to the ACS software and use a journal entry to account for the depreciation expenses created when the assets are loaded. Director of Finance: Karen did not have anything to report IV. Next Meeting The next meeting will be determined. Rob Hoyt will be the Chair beginning

19 Emmanuel Episcopal Church Pastoral Care Ministries Report to the Vestry, Anna Alexander, Jan Wheeler November 2018 Below are reports from those ministries who submitted information for this month. Heads of the Pastoral Care Ministries met on Saturday, November 3, to report on activities for the year and discuss ways that the various ministries could cooperate. Each person attending was challenged to recruit two new members by Valentine s Day. Caregivers Support Group A fall presentation for caregivers serving those with long term needs is planned. Emmanuel Connection More than forty people attended a Lunch and Learn program on November 1 at 10:30 a.m. in the Common Room. Robin Johnson reviewed the book The Spectrum of Hope: An Optimistic & New Approach to Alzheimer sdisease and other Dementias. A light lunch was served following Robin s presentation. Eucharistic Ministers Two ministers are currently taking Communion to two parishioners. Health Ministry Yoga began October 10. The Chair Yoga class had no one sign up. In the Gentle Yoga class there are 15 participants. The ministry continues to contact, visit, and send cards to parishioners who are experiencing challenges. Katherine Barrow of Agape Meals and Robin Johnson have met about the "new families" project and are ready to begin except for some details: naming the new program and deciding on a gift to be presented, along with meals following a birth. Stephen Ministry This ministry continues to serve several care receivers. A Christmas potluck dinner is planned for December 13.