Download - St. Paul's Episcopal Church

FROM THE TREASURER
Operating Budget 2011/2012
Our operating budget supports everything we do: all ministries,
new programs, and keeping traditions going strong. With
a renewed, emerging vision, we continue to press ahead. Our
giving back to God supports new initiatives and funds lasting
responsibilities.
With this in mind, the finance committee recommended, and
the vestry approved, the following budget. Progress has been
made, yet our budget cries out for significant increases in fundraising.
INCOME AMOUNT % OF TOTAL
Contributions
Pledge income $ 652,150 53%
Non-pledge income 83,300 7%
Other Contributions 28,500 2%
Total Contributions $ 763,950 62%
Endowment Foundation $ 304,800 25%
Trusts for Operations $ 129,400 10%
Rent, honorariums, etc. $ 33,700 3%
Total Income $ 1,231,850 100%
EXPENSES AMOUNT % OF TOTAL
Clergy, Staff & Administration $ 509,300 39%
Property $ 306,700 23%
Diocesan Assessment $ 182,200 14%
Education $ 145,850 11%
Music $ 97,600 8%
Parish Life $ 50,000 4%
Lay Staff Salary Reserve $ 14,000 1%
Total Expenses $ 1,305,650 100%
Projected operating deficit $ (73,800)
clergy. Administration expenditures include: support staff compensation
(executive assistant, financial administrator and
part-time printer, receptionist, and business manager), audit
and appraisal expenses, office supplies, telephone, computer
and website support. Property expenditures include: sexton
compensation, utilities, maintenance and repairs, supplies,
property replacement, grounds and insurance.
Education expenditures include: education and youth staff compensation,
curriculum purchases, youth projects, confirmation
retreats, supplies, food, and transportation.
Music expenditures include:
music staff compensation, funding for
Christmas and Easter brass, and other
music department expenses. Parish
Life expenditures include: postage,
printing, worship supplies, stewardship,
newcomer initiatives, advertising,
parish retreat and fellowship. The
Lay Staff Salary reserve represents an
amount in the budget for staff retention
adjustments.
The Diocesan Assessment supports
Diocesan missions and operations.
This budget projects a deficit of
$73,800, 5.7% of the budget. While
still a deficit, it is smaller in amount
and percent, than last year’s budgeted
deficit. How will we finance
this We can finance this through
(a) parishioners giving above and
beyond their pledges in support of
our mission, (b) continuing to search
out operating efficiencies, (c) using
the remainder of our undesignated
operating funds and (d) obtaining
additional funding from our operating
trusts.
Pledge income continues to be the largest single source of
income, as it is and must be for all congregations. Pledges
provide the lion’s share of the funds for our programming.
Without robust pledging things grind to a halt.
Endowment Foundation income amount includes the church’s
regular quarterly contribution from the Foundation, as well as
a transfer of funds that had been received by the church and
set aside in prior years. Additionally, we received additional
income due to a recalculation of trust income pursuant to a
change in Ohio law.
No one favors deficits. Given our flat
level of expenditures, it is apparent
that, as always, our financial issues are at their center, revenue
issues. Congregations that accept proportional giving as the
goal flourish compared to those that don’t.
If you have questions concerning the church finances, please do
not hesitate to contact me at 330-836-9327 ext 24 or by email at
spetrochuk@stpaulsakron.org.
Clergy expenditures include: clergy compensation, mileage,
discretionary funds, clergy relocation funding, and supply
Page 8 † www.stpaulsakron.org † Nov/Dec 2011