The Light of Christ
Treasurer’s Report
2013 Annual Parish Meeting
2012 Fourth Consecutive
Balanced Budget
2012 Budget Highlights
Year-end surplus of $91,000 driven by:
• Miscellaneous pledge income significantly over budget
• Significant special non-recurring Vestry contribution
• Unplanned short-term rental of Hampton Lane
• Salaries below budget due to staff departures
Uses:
• 2012 Staff bonus in lieu of salary 2013 increase
• Youth and Music endowment draws credited to respective
accounts
• Established Sabbatical Reserve
• Modest repayment against $400,000 loan from Rectory Fund
• Seed money for planning 2014 250th Anniversary activities
2012 Major Fund Activity
January 1st Balance
Rectory Fund*
Outreach Fund
General Reserve
$843,500
$ 75,500
$219,100
$100
$600
RECEIPTS
Hampton Lane
Rent
Interest
$16,000
$7,700
Endowment Draw
$3,200
May Fair
Proceeds
$115,000
DISBURSEMENTS
Outreach Grant to
St. Mark’s
$50,000
Outreach Grants
$46,000
Dec. 31st Balance
$867,200
*Rectory Fund excludes $400,000 loan for Church roof
$97,800
$219,700
General Endowment Fund
(As of January 1st)
$2,233,600
$2,557,824
$1,620,700
$424,000
$29,200
2010
$64,800
2011
$77,000
2012
Endowment
Draw
$86,250
2013
It’s Time To Start Over Again
“All things come of thee, and of thine own have we given
thee”
-1 Chronicles 29:14
2013 Projected Income
Pledges &
Pledges Misc
82%
Lancaster
Trust,
Endowment
Draw,
Outreach
Grant
12%
Plate Offering,
Donations,
Rents
6%
Supporting a Church Bursting with
Disciples
Salaries &
Benefits
60%
Diocese
11%
Facilities
16%
Program
4%
Communications
4%
Miscellaneous
3%
Disbursements: $1,716,000
• 4.5% Increase over 2012
• Full-time Staff Assistant
• 5.7% increase in Diocesan
Pledge
• No general salary increase
Music & Liturgy
2%
2012 vs. 2013
Projected 2013 Revenue up $86,000
Driven by:
• Increased Pledge Income
• Full Endowment Draw
• Reduced Pledges Miscellaneous
– Now pledging
– Unpredictable revenue stream
• St
Note: comparisons after use of 2012 surplus
Projected 2013 Expenses up $86,000
Driven by:
• Increased Diocesan Assessment
• Increased Salaries and Benefits
– Full-time Staff Assistant
– Full Year of Director of
Communications
– Part-time Youth Director, Children’s
Director, and Stewardship Assistant
– Increased Medical Premiums
• Increased Audit Cost
• Decreased other expenses
– Computer Equipment
– Stewardship Program
– Miscellaneous Expenses
Stewardship Campaign
Status
2012 Families Pledging in 2013
• St
252
New Pledges To Date
33
Total Pledges To Date
285
2012 Lost Pledges (death, move, etc.)
33
2012 MIA Pledges
35
2013 Average Pledge
2013 Pledge Income Target
2013 Pledges To Date
Current Income Gap
$4,484
$1,367,000
$1,278,000
$89,000
• St
St. Mark’s Needs You!
• St
Who we are, what we are,
and what we possess
are all gifts from God.
What we do with these gifts
is our gift back to God.
Vision
• St A church bursting with disciples
who are so transformed
by the Holy Spirit that
they live to give
for the love of the Lord.