GRACE CHURCH FINANCES 2017 OVERVIEW Current (2018) Budget - - PowerPoint PPT Presentation

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Sep 26, 2023 182 likes •499 views

GRACE CHURCH FINANCES 2017 OVERVIEW Current (2018) Budget Projected Year-end Financial Position 2019 Budget Projections Trustees of the Funds (TOF) Accounts Pledge Campaign Statistics Questions, Comments, Budget Input 2018

SLIDE 1

GRACE CHURCH FINANCES

2017

SLIDE 2

OVERVIEW

Current (2018) Budget
Projected Year-end Financial Position
2019 Budget Projections
Trustees of the Funds (TOF) Accounts
Pledge Campaign Statistics
Questions, Comments, Budget Input

SLIDE 3

2018 FINANCIAL STATUS

SLIDE 4

2018 BUDGETED INCOME

INCOME PLEDGES 280,000.00 $ PLATE 35,000.00 $ OTHER GENERAL 53,200.00 $ TOF 47,000.00 $ OTHER DESIGNATED 11,490.00 $ TOTAL 426,690.00 $

SLIDE 5

2018 BUDGETED INCOME

PLEDGES PLATE OTHER GENERAL TOF OTHER DESIGNATED

SLIDE 6

2018 BUDGETED EXPENSES

EXPENSES PERSONNEL 283,910.00 $ MUTUAL MINISTRIES 7,500.00 $ WORSHIP AND MUSIC 35,770.00 $ EPISCOPAL MINISTRIES 18,500.00 $ PROPERTY EXPENSES 77,381.00 $ ADMINISTRATION 28,700.00 $ TOTAL 451,761.00 $

SLIDE 7

2018 BUDGETED EXPENSES

SLIDE 8

2018 BUDGET SUMMARY

INCOME $ 426,690 EXPENSES $ 451,761 BUDGETED DEFICIT $ 25,071

SLIDE 9

PROJECTED 2018 END OF YEAR INCOME

GENERAL SUPPORT $409,147 DESIGNATED SUPPORT $ 80,314 TOTAL PROJ. INCOME $489,461

SLIDE 10

PROJECTED 2018 END OF YEAR EXPENSES

PERSONNEL $289,699 MUTUAL MINISTRIES $ 5,128 WORSHIP & MUSIC $ 36,057 EPISCOPAL MINISTRIES $ 19,363 PROPERTY EXPENSES $ 88,701 ADMIN & PARISH OPERATIONS $ 24,901 TOTAL PROJECTED EXPENSE $463,849

SLIDE 11

PROJECTED 2018 END OF YEAR INCOME/EXPENSES

TOTAL PROJECTED INCOME $489,461 TOTAL PROJECTED EXPENSE $463,849 NET PROJECTED INCOME $ 25,612

SLIDE 12

2019 BUDGET PROJECTIONS

SLIDE 13

2019 PROJECTED INCOME

INCOME Pledges 308,000.00 $ Plate 38,500.00 $ Other GS 48,200.00 $ TOF Payouts 40,000.00 $ Other DS 9,400.00 $ TOTAL 444,100.00 $

SLIDE 14

2019 PROJECTED INCOME

Pledges Plate Other GS TOF Payouts Other DS

SLIDE 15

2019 PROJECTED EXPENSES

EXPENSES Personnel 320,320.00 $ Mutual Ministries 8,900.00 $ Worship and Music 36,530.00 $ Episcopal Ministries 28,500.00 $ Property 80,700.00 $ Operations 31,350.00 $ TOTAL 506,300.00 $

SLIDE 16

2019 PROJECTED EXPENSES

Personnel Mutual Ministries Worship and Music Episcopal Ministries Property Operations

SLIDE 17

2019 PROJECTED BUDGET SUMMARY

INCOME $ 444,100 EXPENSES $ 506,300 NET DEFICIT ($ 62,200)

SLIDE 18

ANTICIPATED NEEDS

RECTOR AND OTHER STAFF

COMPENSATION

RECTOR SABBITICAL RESERVE
EXPANDED STAFF-

SEXTON

OUTREACH
DIOCESAN PLEDGE

SLIDE 19

TRUSTEES OF THE FUNDS

Claiming a heritage dating back to 1754, The Trustees of the

Funds is a related organization of the Diocese of Virginia and may provide its services to Episcopal Church entities in all three of the dioceses within Virginia.

“TOTF” provides investment/endowment management

services for long-term and short-term needs and also offers a Gift Annuity Fund for easily accessible planned giving

programs. Overseen by an elected board of trustees, TOTF

is a distinctly Episcopal investment option which serves nearly 150 churches and organizations with the management of almost $140 million in assets.

SLIDE 20

Trustees of the Funds-Returns

SEPTEMBER 0.4 % YTD 1.2% 12 Month 4.7% 36 Month 8.3% 60 Month 5.1%

SLIDE 21

Trustees of the Funds Accounts

150 Anniversary Fund
Altar Guild Fund
Bowman Grounds Fund
Mars Concert Series Fund
Preservation Fund
Rowe Memorial Fund (For people in need)
Youth Group Fund
Backer Building Maintenance Fund
Munster Mead Music Fund
Investment Fund

SLIDE 22

OUR FUTURE

SLIDE 23

PROJECTING OUR GROWTH

ASSUMING A 10% ANNUAL GROWTH

IN PLEDGE AND PLATE GIVING

ASSUMING A 3% GROWTH IN

SPENDING

PROJECTS A BALANCED BUDGET BY

2022

SLIDE 24

GROWTH PROJECTIONS

2018 2019 2020 2021 2022 PLEDGE AND PLATE 291,000 $ 320,100 $ 352,110 $ 387,321 $ 426,053 $ OTHER INCOME 145,190 $ 145,190 $ 145,190 $ 145,190 $ 145,190 $ TOTAL INCOME 436,190 $ 465,290 $ 497,300 $ 532,511 $ 571,243 $ TOTAL EXPENSES 463,935 $ 477,853 $ 492,189 $ 506,954 $ 522,163 $ DEFICIT (27,745) $ (12,563) $ 5,111 $ 25,557 $ 49,080 $

CUM. DEFICIT

(27,745) $ (40,308) $ (35,197) $ (9,640) $ 39,440 $

SLIDE 25

PROJECTED 2018 END OF YEAR INCOME/EXPENSES

TOTAL PROJECTED INCOME $489,461 TOTAL PROJECTED EXPENSE $451,761 NET PROJECTED INCOME $ 25,612

SLIDE 26

2019 ANNUAL GIVING

SLIDE 27

2019 ANNUAL GIVING OBJECTIVES

INCREASE TOTAL PLEDGED AMOUNT

BY 10%

INCREASE NUMBER OF PLEDGING

UNITS FROM 80 TO 90

2019 KICKOFF-NOVEMBER 18
2019 COMPLETION-JANUARY 20

SLIDE 28

2018 ANNUAL GIVING

Total 2018 Pledges 80 Total $ Pledged $ 297,324 Average Pledge $ 3,716 Range $100-$50,000 Pledges >10K 6 Average, less large pledges $ $2,509

SLIDE 29

ANNUAL GIVING HISTORY

2012 $244,328 2013 $254,179 2014 $212,234 2015 $228,000 2016 $230,505 2017 $264,731 2018 $297,324

SLIDE 30

QUESTIONS / COMMENTS

SLIDE 31

GRACE CHURCH FINANCES

2017

OVERVIEW

2018 FINANCIAL STATUS

2018 BUDGETED INCOME

INCOME PLEDGES 280,000.00 $ PLATE 35,000.00 $ OTHER GENERAL 53,200.00 $ TOF 47,000.00 $ OTHER DESIGNATED 11,490.00 $ TOTAL 426,690.00 $

2018 BUDGETED INCOME

2018 BUDGETED EXPENSES

EXPENSES PERSONNEL 283,910.00 $ MUTUAL MINISTRIES 7,500.00 $ WORSHIP AND MUSIC 35,770.00 $ EPISCOPAL MINISTRIES 18,500.00 $ PROPERTY EXPENSES 77,381.00 $ ADMINISTRATION 28,700.00 $ TOTAL 451,761.00 $

2018 BUDGETED EXPENSES

2018 BUDGET SUMMARY

INCOME $ 426,690 EXPENSES $ 451,761 BUDGETED DEFICIT $ 25,071

PROJECTED 2018 END OF YEAR INCOME

GENERAL SUPPORT $409,147 DESIGNATED SUPPORT $ 80,314 TOTAL PROJ. INCOME $489,461

PROJECTED 2018 END OF YEAR EXPENSES

PERSONNEL $289,699 MUTUAL MINISTRIES $ 5,128 WORSHIP & MUSIC $ 36,057 EPISCOPAL MINISTRIES $ 19,363 PROPERTY EXPENSES $ 88,701 ADMIN & PARISH OPERATIONS $ 24,901 TOTAL PROJECTED EXPENSE $463,849

PROJECTED 2018 END OF YEAR INCOME/EXPENSES

TOTAL PROJECTED INCOME $489,461 TOTAL PROJECTED EXPENSE $463,849 NET PROJECTED INCOME $ 25,612

2019 BUDGET PROJECTIONS

2019 PROJECTED INCOME

INCOME Pledges 308,000.00 $ Plate 38,500.00 $ Other GS 48,200.00 $ TOF Payouts 40,000.00 $ Other DS 9,400.00 $ TOTAL 444,100.00 $

2019 PROJECTED INCOME

2019 PROJECTED EXPENSES

EXPENSES Personnel 320,320.00 $ Mutual Ministries 8,900.00 $ Worship and Music 36,530.00 $ Episcopal Ministries 28,500.00 $ Property 80,700.00 $ Operations 31,350.00 $ TOTAL 506,300.00 $

2019 PROJECTED EXPENSES

2019 PROJECTED BUDGET SUMMARY

INCOME $ 444,100 EXPENSES $ 506,300 NET DEFICIT ($ 62,200)

ANTICIPATED NEEDS

COMPENSATION

SEXTON

TRUSTEES OF THE FUNDS

Funds is a related organization of the Diocese of Virginia and may provide its services to Episcopal Church entities in all three of the dioceses within Virginia.

services for long-term and short-term needs and also offers a Gift Annuity Fund for easily accessible planned giving

is a distinctly Episcopal investment option which serves nearly 150 churches and organizations with the management of almost $140 million in assets.

Trustees of the Funds-Returns

SEPTEMBER 0.4 % YTD 1.2% 12 Month 4.7% 36 Month 8.3% 60 Month 5.1%

Trustees of the Funds Accounts

OUR FUTURE

PROJECTING OUR GROWTH

IN PLEDGE AND PLATE GIVING

SPENDING

2022

GROWTH PROJECTIONS

PROJECTED 2018 END OF YEAR INCOME/EXPENSES

TOTAL PROJECTED INCOME $489,461 TOTAL PROJECTED EXPENSE $451,761 NET PROJECTED INCOME $ 25,612

2019 ANNUAL GIVING

2019 ANNUAL GIVING OBJECTIVES

BY 10%

UNITS FROM 80 TO 90

2018 ANNUAL GIVING

Total 2018 Pledges 80 Total $ Pledged $ 297,324 Average Pledge $ 3,716 Range $100-$50,000 Pledges >10K 6 Average, less large pledges $ $2,509

ANNUAL GIVING HISTORY

2012 $244,328 2013 $254,179 2014 $212,234 2015 $228,000 2016 $230,505 2017 $264,731 2018 $297,324

QUESTIONS / COMMENTS

THANK YOU