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- St. Elizabeth’s Episcopal Church
St. Elizabeths Episcopal Church Annual Meeting February 5, 2012 - - PowerPoint PPT Presentation
St. Elizabeths Episcopal Church Annual Meeting February 5, 2012 - - PowerPoint PPT Presentation
St. Elizabeths Episcopal Church Annual Meeting February 5, 2012 Order of Business Call to order Youth Choir Election of 2012 vestry and delegates Thank you to off-going vestry members Looking back at 2011 Looking ahead
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Nominees for Vestry & Delegates
Office Nominee Term Co-Warden Win Treese 2 years Treasurer Darlene Murphy 1 year Assistant Treasurer 1 year Building & Grounds Rep. Ian Springsteel 1 year Clerk 1 year Vestrypersons at-large Michael Comer 3 years Vestrypersons at-large Michael Comer Andy Sugg 3 years 3 years Delegates to annual convention Nancy Morgan Jim Peters 1 year 1 year Youth vestry Appointed by Rector Bret Perisho Erin Santomenna 1 year 1 year
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Nominees for Deanery Assembly
1 year terms Stuart Hamilton Dave Kartunen
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Looking back at 2011
Stuart Hamilton, Warden
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Looking Ahead to 2012
Nancy Morgan, Warden
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Rector’s Report
The Rev. Barbara Williamson
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Treasurer’s Report
Darlene Murphy, Treasurer
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The Big Picture: St. E’s is Growing
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2010 Highlights
Good Stuff:
Total giving up 6% Good expense control Accounting system improved Loan payments and Diocesan
Areas of Concern
Diocesan assessment increasing Staffing and other resource needs
increasing
Stewardship - participation and Loan payments and Diocesan
Assessment current
Amortization of Diocesan grant
helped
Rectory rented all year Stewardship - participation and
avg pledge almost flat
Budgeting Challenge: end of
Diocesan Grant
High debt service burden remains
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(Revised)
Budget
2009
Actual Budget Variance Actual BUDGET
Pledge Income 4100.01 Pledges - Current Year
318,022 307,500 10,522 248,638 377,000
4100.02 Pledges - Prior Year
675 675 500
4200.01 Unpledged Contributions
18,558 27,000 (8,442) 72,972 24,000
4200.03 Plate
10,501 8,000 2,501 6,094 7,000 Total Pledge Income 347,756 342,500 5,256 327,704 408,500
Fundraising Income Spring Auction, net proceeds
7,993
To: ASP, J2A, City Mission
(7,993)
Fall Fundraiser
53 3,901
Other: Recognition of Diocesan Grant
47,005 49,082 (2,077) 37,918
Rectory rental income
26,963 26,650 313 23,484 26,580
4200.05 Other Misc Income
5,163 750 4,413 1,767 5,000
Investment income
560 400 160 369 250
4200.12 Church School Registrations
4,413 5,000 (587) 5,000
2010 010
20 2011 11
16
TOTAL REVENUES 431,913 424,382 7,531 395,143 445,330
Expenses 5100.00 Utilities
14,890 18,336 (3,446) 16,978 19,500
5200.00 Diocesan Assessment
41,209 38,218 2,991 32,900 43,115
5300.00 Debt Service
10,431 25,405 (14,974) 33,366 9,400
5400.00 Repair & Maintenance
46,549 44,319 2,230 46,374 46,000
5500.00 Office Expenses
18,312 17,970 342 17,475 20,000
5600.00 Payroll, Benefits and related
252,327 256,333 (4,006) 245,116 263,937
5700.00 Christian Education
3,943 1,650 2,293 1,150 1,800
5800.00 Music Program
1,114 1,805 (691) 1,805 2,500
Committee and other expenses
8,376 3,350 5,026 7,066 6,650 Total Expenses 397,151 407,386 (10,235) 402,230 412,902
Sub-total
34,763 16,996 17,767 (7,087) 32,428
Add back principal payments:
n/a 14,974 14,974 28,191 n/a
REVENUE LESS EXPENSES $34,763 $31,970 2,793 21,104 32,428
Transfers and Reserves (capital maint, Rector Sabbatical, Outreach)
(17,000) (17,000) (17,000) (17,000)
Principal Payments on Notes
(16,663) (16,663) (28,191) (16,000)
Fellowship Gift to St. John's Yr 1 of 5
(1,000)
Bottomline
17,763 14,970 (24,087) (1,572)
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SAINT ELIZABETH'S EPISCOPAL CHURCH
Transfers to Beginning Balance Other Funds Ending Balance Fund Increase (Receipts) Disbursements General Fund
(993.00) $ 34,762.00 $ (17,000.00) $ 16,769.00 $
Capital Campaign Fund**
(239,544.00) $
- $
- $
(239,544.00) $
Capital Maintenance Fund
8,882.00 $ 9,000.00 $ 17,882.00 $
Restricted Gift Fund
12,401.00 $ 17,678.00 $ (3,107.00) $ 26,972.00 $
Restricted Gift - Adult Ed
3,069.00 $ 1,652.00 $ (2,623.00) $ 2,098.00 $
Unrestricted Gift Fund
11,139.00 $ (380.00) $ 10,759.00 $
Memorial Churchyard Fund
5,078.00 $ 1,571.00 $ 6,649.00 $
ASP Fund
4,909.00 $ 13,784.00 $ (20,693.00) $ 2,000.00 $
- $
ASP Fund
4,909.00 $ 13,784.00 $ (20,693.00) $ 2,000.00 $
- $
City Mission Fund
- $
1,000.00 $ 1,000.00 $
J2A Pilgrimage Fund
2,821.00 $ 5,680.00 $ (497.00) $ 8,004.00 $
Outreach Fund
416.67 $ 138.00 $ (3,935.00) $ 3,380.00 $ (0.33) $
Fellowship Fund
754.07 $ 1,520.00 $ (1,633.07) $ 641.00 $
Flower Fund
2,982.00 $ 1,076.00 $ (2,453.00) $ 1,605.00 $
Music/Choir Fund
150.02 $ 401.00 $ (551.00) $ 0.02 $
Softball Fund
334.00 $ 1,820.00 $ (2,000.00) $ 154.00 $
Rector Sabattical Fund
10,000.00 $ 3,000.00 $ 13,000.00 $
Fair Trade Coffee Fund
- $
982.00 $ (1,402.00) $ (420.00) $
net intrafund transfers
- $
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The Real Challenge “Watch me pull a rabbit out of my hat!”
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“Rabbits” out of hats
One-time gifts Diocesan Financing Parishioner Loans Grants Grants
What is the solution?
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Long term solutions for financial stability
Improve the average pledge Endowment – once established, can Endowment – once established, can supplement budget annually Long term planning and focus on/control of budget will be critical
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Questions and Answers
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