ST. MARK’S BUDGET STATUS 2/15/16 2015 Approved Budget 293,437 2015 Actual Expense 281,081 2016 Proposed Budget 307,883 $348,205 2016 Wish List 40,322 1
REALITY 86 PLEDGES FOR 2016 OPERATING - 240,098 PLATE – ESTIMATED - 20,000 OTHER ESTIMATED INCOME - 6,600 TOTAL - $266,698 2016 PROPOSED BUDGET - $307,883 2016 SHORTFALL - $ 41,185 26 PLEDGES FOR BUILDING FUND - $17,490 2016 DEBT SERVICE ON CLC LOAN - $20,364 SHORTFALL - $ 2,874 2
REMEMBER THAT THE BUDGET WE ADOPT CAN BE MODIFIED AS CONDITIONS WARRANT THROUGHOUT THE YEAR. 3
OVERVIEW OF PROPOSED 2016 OPERATING BUDGET Line Item Description 2016 Proposed 2016 Wish 50201-50210 - OUTREACH 39,139 14,000 50301-50311 - WORSHIP 1,608 50343-50360 - EDUCATION & PROGRAMS 5,975 Subtotal $46,722 $14,000 Line Item Description 2016 Proposed 2016 Wish 50401-50408 - PHYSICAL PLANT & EQUIPMENT 57,776 50411-50437 - OFFICE EXPENSES 9,013 Subtotal $66,789 50451-50460 - OTHER ADMINISTRATIVE 3,635 EXPENSES Subtotal All $70,424 $ 0 4
OVERVIEW OF PROPOSED 2016 OPERATING BUDGET (cont.) Line Item Description 2016 Proposed 2016 Wish 50501-50517 - CLERGY 114,849 1,322 50600-50615 - STAFF 68,288 50620-50622 - TEMP SERVICES 1,600 Subtotal $184,737 $ 0 TOTAL MINISTRY $301,883 $15,322 20001 & - CAPITAL FUNDS 6,000 25,000 80028-80024 TOTAL PROPOSED EXPENSE $307,883 $40,322 5
More details 1 OUTREACH 2016 2015 2016 Line Item Description Approved 2015 Actual Proposed 2016 Wish 50201 Community Grants $ 2,000 $ 2,000 $ 6,700 $14,000 50202 Rector's Discret Fund $ 1,000 $ 1,000 $ 1,000 50204 Deacon Discre Fnd $ 750 $ 750 $ 750 50205 Dioc Assessment (C) $32,281 $32,281 $30,439 50206 Theological Educ $ 0 $ 0 $ 0 50208 Passage Homes $ 0 $ 0 $ 0 50210 NC State Chaplaincy $ 250 $ 250 $ 250 Subtotal Outreach $36,281 $36,281 $39,139 $14,000 6
More details 2 2016 WORSHIP Line 2015 2015 2016 2016 Item Description Approved Actual Proposed Wish 50301 Acolytes/Clergy Robes $ 0 $ 0 $ 0 50302 Altar/Sacristy $ 718 $ 193 $718 50303 Banners/Vestments $ 0 $ 0 $ 0 50304 Music/Instrument * $ 130 $ 0 $130 50305 Organ/Piano Maint* $ 384 $ 0 $445 50306 Worship Resources $ 240 $ 54 $240 50307 Flowers $2,000 $ 1,835 $ 0 new Banner storage $ 0 $ 0 $ 0 50308 Lectors $ 75 -$ 21 $ 75 50311 Continuing Ed $ 0 $ 0 $ 0 Subtotal Worship $3,547 $2,061 $1,608 $0 7
More details 3 2016 EDUCATION AND PROGRAMS Line Item Description 2015 Approved 2015 Actual 2016 Proposed 2016 Wish 50343 Educ Blue Book $ 25 $ 0 $ 0 50345 Backgr'd Cks Youth $ 750 $ 0 $ 600 50346 20's/30's group $ 0 $ 0 $ 0 50348 Adult Study Task Gp $ 0 $ 0 $ 0 50351 Children's CE $1,675 $471 $1,275 50352 Adult CE $ 250 $200 $ 600 50353 Youth Ed $2,290 $409 $2,050 50354 Newcomers $ 100 $ 0 $ 200 50355 Covenant Gardens $ 100 $100 $ 150 50358 Stewardship $ 0 $ 0 $ 500 Develop com & 50359 Kitchen $ 500 $242 $ 500 50360 Parish Dinners $ 100 $ 0 $ 100 Subtotal Educ & Pgms $5,790 $1,422 $5,975 $0 8
More details 4 2016 PHYSICAL PLANT & EQUIPMENT 2015 2015 2016 2016 Line Item Description Approved Actual Proposed Wish 50401 Telephone $ 3,528 $ 3,902 $ 3,222 50402 Equip Maint $ 3,500 $ 3,112 $ 6,000 50403 Bldg & Grds $ 7,500 $ 9,569 $ 5,000 50404 Insurance(C) $12,824 $13,308 $14,400 50405 Electricity $10,992 $10,454 $11,100 50406 Gas $ 3,168 $ 2,767 $ 3,204 50407 Water $ 2,625 $ 3,317 $ 2,850 50408 Cleaning(C) $14,720 $14,128 $12,000 Subtotal $58,857 $60,557 $57,776 9
More details 5 2016 OFFICE 2015 2015 2016 2016 Line Item Description Approved Actual Proposed Wish 50411 Computer Maint $ 1,000 $ 97 $1,000 50412 Sound Sys Maint $ 200 $ 0 $ 200 50413 Visual Arts Comm $ 200 $ 0 $ 200 50414 Community Garden $ 0 $ 0 $ 0 50431 Office Supplies $1,344 $ 831 $1,344 50433 Office Equipment $3,396 $3,615 $3,909 50434 Postage $ 800 $1,033 $ 800 50437 ACS $1,488 $1,520 $1,560 Subtotal $8,428 $7,096 $9,013 $0 Subtotal PP&E & Office $67,285 $67,653 $66,789 $0 10
More details 6 2016 OTHER ADMINISTRATIVE 2015 2015 2016 Line Item Description Approved Actual Proposed 2016 Wish 50451 Dioc Convention $1,560 $ 641 $1,560 50452 Vestry Expense $2,000 $1,110 $2,000 50454 Banking Fees $ 144 $ 37 $ 75 50455 Interest Expense(C) $ 0 $ 0 $ 0 50458 CLC Loan Interest BF budget BF BF budget BF budget 50460 Contingency $ 0 $ 0 $ 0 Subtotal Other Admin $3,704 $1,788 $3,635 $0 11
More details 7 2016 CLERGY 2015 2015 2016 2016 Line Item Description Approved Actual Proposed Wish 50501 Rector Salary $52,560 $52,560 $55,188 Adjunct Priest 50502 (MOVE) $ 0 $ 0 $0 50503 Rector Housing $24,000 $ 24,000 $24,000 50505 Rector Pension $14,835 $14,835 $15,344 50507 Rector SE Tax $ 5,857 $ 5,700 $ 6,058 50509 Rector Insur(C) $15,522 $15,391 $16,710 50510 Insur StPl reimb -$ 7,566 -$ 7,856 -$ 8,226 50511 Rector Travel $ 2,000 $ 1,743 $ 2,500 50513 Deacon Travel $ 1,280 $ 314 $ 1,300 $1,322 50514 Rector Bus Expense $ 500 $ 457 $ 550 50516 Deacon Bus Expense $ 325 $ 70 $ 325 50517 Rect Cont Ed $ 1,000 $ 901 $ 1,100 Subtotal Clergy $110,313 $108,435 $114,849 $1,322 12
More details 8 2016 STAFF 2015 2015 2016 2016 Line Item Description Approved Actual Proposed Wish 50600 Ofc Mgr Salary $31,518 $ 31,518 $32,514 50601 Ofc Mgr Mileage $ 70 $ 0 $ 75 50602 Music Dir Salary $12,370 $ 12,370 $12,556 50604 Music for Funerals $ 300 $ 0 $ 600 50605 Nursery Workers $ 4,000 $ 3,116 $ 4,852 50606 Staff Pension/Lay $ 2,836 $ 2,836 $ 2,926 50607 Staff Insur/Lay $ 8,580 $ 8,516 $ 9,317 50608 FICA $ 3,775 $ 3,588 $ 3,870 50609 Worker's Comp(C) $ 600 $ 584 $ 600 50612 Background Cks $ 350 $ 0 $ 350 50613 Pastoral Staff Liason $ 0 $ 0 $ 0 Cont Ed 50615 Org $600 $ 0 $ 628 Subtotal Staff $64,999 $62,528 $68,288 $0 13
More details 9 2016 TEMP Line Item Description 2015 Approved 2015 Actural $2,016 2016 Wish 50620 Supply Organist $ 600 $300 $ 600 50622 Supply Clergy $ 918 $612 $1,000 Subtotal Temp Svc $1,518 $912 $1,600 $0 TOTAL MINISTRY $293,437 $281,082 $301,883 $15,322 14
More details 10 2016 CAPITAL EXPENSE Line Item Description 2015 Approved 2015 Actual $2,016 2016 Wish 20001 Loan Principal(C) $0 $0 $ 0 80028 Cap Eq (AC noise) $ 5,000 80028 Parking Lot $10,000 80028 Drainage $10,000 80028 Cap Eq Telephone 80028 Equip Replace(Rsrv) $0 $0 $6,000 $ 0 80024 Sabbatical Rector $0 $0 $ 0 Subtotal $0 $0 $6,000 $25,000 TOTAL ALL EXPENSE $293,437 $281,081 $307,883 $40,322 15
More details 11 2016 INCOME NEEDED FOR PROPOSED BUDGET Draft 2016 2015 Budget 2015 Actual Needed Wishlist 40001 Plate $ 24,000 $ 17,862 $ 20,000 40002 Pledges $247,700 $249,337 $281,283 (plug number) 40003 Previous Yr Pledge $ 2,000 $ 550 40004 New Pledges $ 0 $ 0 40006 Flowers $ 3,000 $ 4,043 40005 Memorial Gifts $ 0 $ 0 40010 Interest Income $ 600 $ 657 $ 500 40011 Building Usage $ 7,000 $ 7,018 $ 6,100 40007 Misc Inc $ 0 $ 0 40016 BF Plate/Gifts BF Funds BF BF Funds 40017 BF Pledge BF Funds BF BF funds 40018 BF Int inc $ 0 $ 0 $0 TOTAL Income $284,300 $279,467 $307,883 $0 Shortfall/ Overage -$9,136 -$1,614 $0 -$40,322 16
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