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St. Columba’s Church Charting a New Course A Look at Our Financial Picture April 22, 2008. Membership Trends 1996 – 2007. Membership numbers per the Annual Parochial Report Attendance figures per parish records. Attendance Trends By Service 2003 - 2007. - PowerPoint PPT Presentation
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1
St. Columba’s Church
Charting a New CourseA Look at Our Financial
Picture
April 22, 2008
2
Membership Trends 1996 – 2007
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
1999 2000 2001 2002 2003 2004 2005 2006 2007
Membership
Avg SundayAttendance
Number ofPledges
Membership numbers per the Annual Parochial Report
Attendance figures per parish records
3
Attendance TrendsBy Service
2003 - 2007
0
100
200
300
400
500
2003 2004 2005 2006 2007
8am
9am Nave
9:15am Great Hall
11:15am Nave
11:15am GreatHall5pm Nave
4
Net Income Trends 1996 – 2007, 2008 Budget
($ in 000s)
-125-100-75-50-25
0255075
100125
$
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008Bud
Cumulative Deficit at End of 2007 was $126K
Years with Special Ask
5
2008 Operating BudgetAs Approved by the Vestry on March 31, 2008
($000s)
Act 07 Bud 08 Inc/(Dec)%Variance
Pledges $2,499 $2,280 ($219) (9%)Plate Revenue 133 135 2 2%Other Revenue 215 229 14 (13%) Total Revenue 2,847 2,644 (203) (7%)
Salaries, Wages, Benefits 1,564 1,694 129 8%
Facilities and Utilities 640 417 (223) (35%)General & Administrative 154 142 (12) (8%)
Diocesan Commitment 190 176 (14) (7%)
Outreach Commitment 180 101 (79) (44%)
Program Commitment 201 114 (87) (44%) Total Expenses 2,930 2,644 (286) (10%)
Income from Operations ($83) $0 $83
6
Giving Trends As of April 14: 2004 - 2008
($ in 000s)
0
500
1,000
1,500
2,000
2,500
3,000
$
2004 2005 2006 2007 2008
Pledged as of April 14
Projected Annual
Actual Annual
7
0
50
100
150
200
250
300
350
400
< $1,000 $1,000-$2,499
$2,500-$4,999
$5,000-$9,999
$10,000-$24,999
> $25,000
Pledge Range
Nu
mb
er
of
Ple
dg
es
Giving OverviewNumber of Pledges by Giving
Range2006 - 2008
Total Number of Pledges
2006 (year end)901
2007 (year end)868
2008 (as of April 14) 768
8
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
< $1,000 $1,000-$2,499
$2,500-$4,999
$5,000-$9,999
$10,000-$24,999
> $25,000
Pledge Range
To
tal $ P
led
ged
Giving OverviewTotal $ Pledged by Giving
Range2006 - 2008
Total $ Value of Pledges
2006 (year end) $ 2,219,007
2007 (year end) $ 2,499,237
2008 (as of April 14) $ 2,095,117
9
Operating Expense Trends For the Periods Indicated
($ in 000s)
0
500
1,000
1,500
2,000
2,500
3,000
3,500
$
2002 2003 2004 2005 2006 2007 2008Bud
7.5% Average Annual Expense Growth 2002-2007
10
Operating Expense Trend Details For the Periods Indicated
($ in 000s)
$0$200$400$600$800
$1,000$1,200$1,400$1,600$1,800
Sals &Bens
Facilities Supplies& Admin
Diocese Outreach Program
2002 2003 2004 2005 2006 2007 2008 Bud
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Personnel CostsHow Many People Work Here?
Type Full Time Part Time Total
Clergy 4 1 5
Program 6 4 10
Admin & Operation
s
8 5 13
Total 18 10 28 *
* Represents approximately 23 FTEs
12
Outreach2008 Source of Funds
($ in 000s)
Mission & Ministry
STEP Total
Operations
$54 $47 $101
Grants 35 143 178
Other 69 43 112
Total $158 $233 $391
13
Outreach2008 Uses of Funds
Mission & Ministry $158K
STEP Operations $233K
STEP Scholarships $300K
Total $691K
Note: These figures do not include salary expenses for clergy & staff who support outreach
14
Outreach Expenses in the Operating Budget
For the Periods Indicated($ in 000s)
0
50
100
150
200
250
$
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
15
Outreach Percentages For the Periods Indicated
($ in 000s)
0.0%
5.0%
10.0%
15.0%
$
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
As % of Prior Year Pledge Income As % of Total Operating Expenses
16
Columba Fund
Activity since its inception in 2000:
# $Inreach Grants 19 $387KOutreach Grants 23 367KTotal 43 $754K
Amount remaining as of March 31, 2008 = $206K (includes grant commitments made by the Vestry but not yet disbursed)
17
Cash Flow ConsiderationsNet Income by Month
-300-200-100
0100200300400500600
$ in
000
s
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Total Revenues Total Expenses Cumulative Net Income
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Cash Flow Considerations
• Cash flow is controlled through deferral of paying certain expenditures until December (notably the Diocesan commitment and the funding of outreach)
• To meet cash requirements in late summer and early fall, for many years the Vestry has authorized a resolution to borrow from the Memorial Fund with the stipulation that those funds be repaid by the end of the year.
• The corpus of the Memorial Fund, by restriction, can be borrowed against “when it is necessary to cover emergency operating fund shortages.”
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Questions
Questions, comments, concerns? Please contact:
Janet Vincent [email protected]
Andrew Hullinger [email protected]
Jim Sivon [email protected] Sr. Warden
Kathleen Stanley [email protected]. Warden
Paul Barkett [email protected]
