1 2015 15 FI FINA NANC NCIAL AL RESUL ULTS Budget Actual - - PowerPoint PPT Presentation

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1 2015 15 FI FINA NANC NCIAL AL RESUL ULTS Budget Actual - - PowerPoint PPT Presentation

Jun 02, 2023 545 likes •664 views

1 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

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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.

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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

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TOTAL AL ANN NNUAL AL MINI NISTR TRY Y INV NVESTMENT TMENT

$600,000 $700,000 $800,000 $900,000 $1,000,000 $1,100,000 $1,200,000

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.

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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

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2016 6 BUDG DGET ET INC NCOME E SOURCES ES

2% 4% 79% 4% 4% 2% 3% 2%

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!

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2016 6 BUDGET DGET COMMITME MITMENT NTS

33% 12% 7% 23% 13% 9% 3%

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

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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

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PLE LEDGE DGE GROWTH TH

$600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000

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!

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$100,000! $100,000! Onl Only y $35,000 to go! $35,000 to go!

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YOUR FINANCIAL SUPPORT OF ST. BART’S…

THANK YOU! THANK YOU! THANK YOU!

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