St. Elizabeths Episcopal Church Annual Meeting February 5, 2012 - PowerPoint PPT Presentation

St. Elizabeth’s 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 to 2012 Looking ahead to 2012 � Rector’s report � 2012 Budget and Financial Report � Q&A and Hot Wash

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 Vestrypersons at-large Michael Comer Michael Comer 3 years 3 years Andy Sugg 3 years Delegates to annual Nancy Morgan 1 year convention Jim Peters 1 year Youth vestry Appointed by Rector Bret Perisho 1 year Erin Santomenna 1 year

Nominees for Deanery Assembly 1 year terms Stuart Hamilton Dave Kartunen

Looking back at 2011 Stuart Hamilton, Warden

Looking Ahead to 2012 Nancy Morgan, Warden

Rector’s Report The Rev. Barbara Williamson

Treasurer’s Report Darlene Murphy, Treasurer

The Big Picture: St. E’s is Growing

2010 Highlights Good Stuff: Areas of Concern � Diocesan assessment increasing � Total giving up 6% � Staffing and other resource needs � Good expense control increasing � Accounting system improved � Stewardship - participation and � Stewardship - participation and � Loan payments and Diocesan � Loan payments and Diocesan avg pledge almost flat Assessment current � Budgeting Challenge: end of � Amortization of Diocesan grant Diocesan Grant helped � High debt service burden remains � Rectory rented all year

2010 010 20 2011 11 (Revised) 2009 Budget Actual Budget Variance Actual BUDGET Pledge Income 318,022 307,500 10,522 248,638 377,000 4100.01 Pledges - Current Year 675 675 500 4100.02 Pledges - Prior Year 18,558 27,000 (8,442) 72,972 24,000 4200.01 Unpledged Contributions 10,501 8,000 2,501 6,094 7,000 4200.03 Plate Total Pledge Income 347,756 342,500 5,256 327,704 408,500 Fundraising Income 7,993 Spring Auction, net proceeds To: (7,993) ASP, J2A, City Mission 53 3,901 Fall Fundraiser Other: 47,005 49,082 (2,077) 37,918 0 Recognition of Diocesan Grant Rectory rental income 26,963 26,650 313 23,484 26,580 5,163 750 4,413 1,767 5,000 4200.05 Other Misc Income 560 400 160 369 250 Investment income 4,413 5,000 (587) 0 5,000 4200.12 Church School Registrations TOTAL REVENUES 431,913 424,382 7,531 395,143 445,330 0 Expenses 14,890 18,336 (3,446) 16,978 19,500 5100.00 Utilities 41,209 38,218 2,991 32,900 43,115 5200.00 Diocesan Assessment 10,431 25,405 (14,974) 33,366 9,400 5300.00 Debt Service 46,549 44,319 2,230 46,374 46,000 5400.00 Repair & Maintenance 18,312 17,970 342 17,475 20,000 5500.00 Office Expenses 252,327 256,333 (4,006) 245,116 263,937 5600.00 Payroll, Benefits and related 3,943 1,650 2,293 1,150 1,800 5700.00 Christian Education 1,114 1,805 (691) 1,805 2,500 5800.00 Music Program 8,376 3,350 5,026 7,066 6,650 Committee and other expenses Total Expenses 397,151 407,386 (10,235) 402,230 412,902 34,763 16,996 17,767 (7,087) 32,428 Sub-total n/a 14,974 14,974 28,191 n/a Add back principal payments: 0 REVENUE LESS EXPENSES $34,763 $31,970 2,793 21,104 32,428 Transfers and Reserves (17,000) (17,000) (17,000) (17,000) (capital maint, Rector Sabbatical, Outreach) (16,663) (16,663) (28,191) (16,000) Principal Payments on Notes (1,000) Fellowship Gift to St. John's Yr 1 of 5 16 17,763 14,970 (24,087) (1,572) Bottomline

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 ASP Fund $ $ 4,909.00 4,909.00 $ $ 13,784.00 13,784.00 $ $ (20,693.00) (20,693.00) $ $ 2,000.00 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 $ -

The Real Challenge “ Watch me pull a rabbit out of my hat!”

“Rabbits” out of hats �One-time gifts �Diocesan Financing �Parishioner Loans �Grants �Grants What is the solution?

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

Questions and Answers

“Hot Wash” � What worked well? � What should we be looking at?