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2015 15 FI FINA NANC NCIAL AL RESUL ULTS Budget Actual Income $955,100 $947,489 Expenses $992,893 $978,517 Surplus / Deficit ($37,793) ($31,028) Net Cash Flow Ops ($37,793) ($31,028) PLEDGE INCOME UP 14% FROM 2014. EXPENSES 2.8% LESS THAN BUDGETED. ORIGINAL DEFICIT PREDICTED TO BE $150K. FINAL DEFICIT $31K. 2
2015 15 FI FINA NANC NCIAL AL HI HIGHL HLIGHT HTS • Deficit reduced from prediction • The solar panel and Green Thumb initiatives are yielding reduced utility costs • Preschool contribution strong and steady • Major outreach effort initiated. All funds now under common budget line to be administered by Strategic Outreach Ministry. Thrift Shop and WSB funds contributing steadily • WSB scholarship fund maintained and given added visibility • Much needed infrastructure improvements completed STRONG LEADERSHIP AND SOUND FINANCIAL MANAGEMENT HAS RESULTED IN IMPROVEMENTS IN ALL AREAS 3
TOTAL AL ANN NNUAL AL MINI NISTR TRY Y INV NVESTMENT TMENT $1,200,000 $1,100,000 $1,000,000 $900,000 $800,000 $700,000 $600,000 2012 2013 2014 2015 2016 Budget ST BART’S HAS STEADILY INCREASED INVESTMENT IN GROWING THE PARISH OVER SEVERAL YEARS. GROWTH TRAJECTORY IS BECOMING STEEPER. 4
2016 6 BUDG DGET ET Income $1,129,470 Expenses $1,129,435 Surplus / Deficit $ 35 Net Cash Flow Neutral Budget expenses are a 13.6% increase over 2015. This budget enables implementation of the Strategic Plan. Includes hiring an Assistant Rector and filling the Youth Director’s position Pledge income is forecast to increase 17.2% from 2015. Committed pledges already represent a 12.6% increase. Thank you. Overall income is forecast to increase 19.2% Already received one time gifts of $37,500 towards the operating budget 2016 IS THE YEAR THAT WE BALANCE THE BUDGET, HIRE THE STAFF TO SUPPORT THE GROWTH OF THE PARISH, AND FUND OUR STRATEGIC PLAN 5
2016 6 BUDG DGET ET INC NCOME E SOURCES ES 4% 2% 3% 2% 2% 4% 4% 79% Plate Offering Speical Offering Pledge Contributions One Time Gifts Member Non-Pledge Endowment Other Fund Raising 80% OF OUR INCOME IS DERIVED FROM PLEDGING! EVERY DOLLAR MATTERS! 6
2016 6 BUDGET DGET COMMITME MITMENT NTS 13% 3% 9% 23% 33% 7% 12% Pastoral Worship Music Christian Ed. Administration Maintenance Diocese & Seminary Program THIS IS HOW THE PIE IS CURRENTLY SLICED. NEW STRATEGIC MINISTRIES WILL DETERMINE ADJUSTMENTS REQUIRED 7
FI FINA NANC NCIAL AL RESOUR OURCES CES AND ND OPPORTUNITI PORTUNITIES ES Balance sheets include: Board designated operating reserve of $51,798 Bequest of $36,800 Endowment with net assets of $692,469 Permanent endowment totals only $97,537 Board restricted endowment totals $521,246 Strong balance sheets for both preschool and columbarium No external debt! A strategic plan going forward to guide resource allocations OUTREACH, RESOURCE MANAGEMENT, WORSHIP/MUSIC, CHRISTIAN ED, AND YOUTH ARE STRATEGIC MINISTRIES THAT WILL GUIDE THE PARISH 8
PLE LEDGE DGE GROWTH TH $900,000 Only Onl y $35,000 to go! $35,000 to go! $850,000 $100,000! $100,000! $800,000 $750,000 $700,000 $650,000 $600,000 2015 Pledges 2016 Pledge to Date 2016 PLEGE GOAL St. Bart’s saw tremendous growth in pledges this year – thank you! We are almost to our goal! 9
YOUR FINANCIAL SUPPORT OF ST. BART’S… THANK YOU! THANK YOU! THANK YOU! 10
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