2015 Diocesan Budget
2015 Diocesan Budget Episcopal Diocese of Southwest Florida The 2015 Diocesan Budget Process and Reporting
This diocesan budget is the product of a thorough, deliberate process of conversations that include the diocesan community through Diocesan Council, committees and other leaders. While truly a year-long process, the budgeting work formally begins in June and continues through final presentation in October.
* * * * *
The Office of the Bishop staff communicated with a variety of diocesan leaders regarding individual line items. The Endowment Fund Board determined the 2015 spending rule per the Endowment Fund Policy. Funds available for distribution are determined by using a total return principal. The approved spending rate for 2015 is 4.5% of the threeyear rolling average market value of the corpus ending in June 2014. This releases a total of $334,919 from restricted and designated invested funds for use in 2015. The Finance Committee reviewed draft budgets in their July and August meetings, and recommend the final draft to Council. Diocesan Council approved the final budget at their August 16, 2014 meeting. The budget was presented to convention delegates and clergy at the Fall Deanery Convocations in September.
Within this budget presentation are the following: A. B. C. D. E. F. G. H.
22
Operating Budget - Summary (one page summary of the operating budget) Operating Budget - Detail (detailed operating budget) Capital Budget (summary of diocesan operating and capital reserve activity) Designated Funds (summary of the activity of the council-designated funds) Restricted Funds (summary of the activity of the individual donor-restricted funds) Apportionment Schedule (detailed schedule of 2015 apportionment amounts which fund the diocesan budget, by church) Apportionment Clarification (detailed definition of the apportionment calculation in our diocese) Parochial Report Analysis (comparison of parochial report totals for 2012 and 2013)
We Have This Treasure ...
Episcopal Diocese of Southwest Florida 2015 Operating Budget Summary 2014-15 Change 2014 Budget
$
2015 Budget
%
INCOME Apportionment
$
3,178,072
$
3,237,861
$
Investment Income
$
6,785
$
6,785
$
-
Income Released from Restricted/Designated Funds-General (a)
$
11,334
$
63,367
$
52,033
$
3,196,191
$
3,308,013
$
111,822
Seminarian Transition
$
25,743
$
9,132
$
(16,611)
Deanery
$
7,000
$
7,000
$
-
Congregation Leadership Development
$
32,000
$
32,000
$
-
Mission and Congregational Development
$
293,349
$
168,031
$
Uncollectable Apportionment Allowance
$
190,684
$
161,893
$
548,775
$
378,056
INCOME
59,789
3%
EXPENSES Congregational Support and Development
Total Congregational Support and Development
-65% 0% 0%
(125,318)
-43%
$
(28,791)
-15%
$
(170,720)
-31%
-12%
Ministry Ministry Development
$
38,814
$
34,086
$
(4,728)
Cultural & Ethnic Ministries
$
115,000
$
115,000
$
-
Recovery Ministries
$
13,800
$
13,800
$
-
DaySpring Program Development
$
63,000
$
55,000
$
(8,000)
-13%
0% 0%
Youth, Young Adult and Families
$
145,000
$
126,000
$
(19,000)
-13%
Beyond Diocese
$
613,956
$
698,630
$
84,674
14%
$
989,570
$
1,042,516
$
52,947
5%
Administration
$
370,732
$
363,011
$
(7,721)
-2%
Cemetery
$
3,800
$
3,739
$
(61)
-2%
DaySpring Episcopal Center
$
110,000
$
100,000
$
(10,000)
-9%
Bishop Discretionary
$
-
$
-
$
-
0%
Investments
$
-
$
-
$
-
Personnel
$
Total Ministry Administration
1,144,976
$
1,395,970
$
0%
250,994
Retired Personnel
$
28,338
$
24,722
$
Total Administration
$
1,657,846
$
1,887,442
$
229,596
14%
$
3,196,191
$
3,308,014
$
111,823
3%
$
0
$
EXPENSES
NET
(0)
$
(3,616)
22% -13%
(0)
Notes a. Income released from restricted or designated accounts that is restricted to a particular expense category is presented with the expense (see detailed budget).
46th Annual Convention
23
Episcopal Diocese of Southwest Florida 2015 Operating Budget Details 2014-15 Change 2014 Budget
Accounts INCOME
$
2015 Budget
%
Apportionment 570000 - Operating Apportionment
$
2,953,100
$
2,953,079
$
570050 - Capital Apportionment
$
224,972
$
284,782
$
59,811
$
3,178,072
$
3,237,861
$
59,789
$
6,785
$
6,785
$
-
$
6,785
$
6,785
$
-
$
11,334
$
63,367
$
52,033
$
11,334
$
63,367
$
52,033
$
3,196,191
$
3,308,013
$
111,822
Total Apportionment
(21) 2%
Investment Income 570200 - Investment Income Total Investment Income Transfers of Released Income (a) 572000 - Released from Restricted Funds-General Total Transfers TOTAL INCOME
3%
EXPENSES Congregational Support and Development Seminarian Transition 572002 - Released from Restricted Funds-Seminarian Transition
$
582180- Seminarian Transition/Deployment
$
38,750
$
22,500
$
(16,250)
$
25,743
$
9,132
$
(16,611)
$
7,000
$
7,000
$
-
$
7,000
$
7,000
$
-
Total Seminarian Transition
(13,007) $
(13,368) $
(361) -65%
Deanery 583350 - Deanery Support Total Deanery
0%
Congregation Leadership Development 580492 - Congregation Education
$
10,000
$
10,000
$
-
580491 - Fresh Start (Transition) Programming
$
6,000
$
6,000
$
-
581400 - Stewardship Programming
$
5,000
$
5,000
$
-
583340 - Meetings
$
11,000
$
11,000
$
-
$
32,000
$
32,000
$
-
Total Congregation Leadership Development
0%
Mission and Congregational Development 572003 - Released from Restricted Funds-Mission
$
(34,335) $
(46,534) $
(12,199)
572001 - Released from Designated Funds-Mission
$
(47,317) $
(55,435) $
(8,118)
580493 - Congregation Expertise Support
$
45,000
$
45,000
$
-
581020 - Congregation Aid
$
150,000
$
130,000
$
(20,000)
581265 - New Mission Investment-Program
$
80,000
$
15,000
$
(65,000)
581266 - New Mission Investment-Personnel
$
100,000
$
80,000
$
(20,000)
$
293,349
$
168,031
$
(125,318)
570100 - Uncollectable Apportionments
$
177,186
$
147,654
$
(29,532)
570101 - Uncollectable Capital Apportionment
$
13,498
$
14,239
$
Total Uncollectable Apportionment Allowance
$
190,684
$
161,893
$
(28,791)
-15%
Total Congregational Support and Development
$
548,775
$
378,056
$
(170,720)
-31%
Total Mission and Congregational Development
-43% (note f)
Uncollectable Apportionment Allowance 741
Ministry Ministry Development 573750 - School for Ministry Development Revenue
$
582121 - School for Ministry Dev Expense*
$
(8,000) $ 8,000
$
2,000
$
(4,000) $ 4,000
$
2,000
$
4,000 (4,000)
582150 - Education for Ministry
$
572004 - Released from Restricted Fund - Seminarian
$
582160 - Seminarian Support
$
52,500
$
50,000
$
580720 - Clergy Spouse Association
$
5,000
$
5,000
$
-
582190 - Commission on Ministry
$
6,000
$
6,000
$
-
$
38,814
$
34,086
$
(4,728)
$
115,000
$
115,000
$
-
$
115,000
$
115,000
$
-
Total Ministry Development
(26,686) $
(28,914) $
(2,228) (2,500)
-12%
Cultural & Ethnic Ministries 582194 - Cultural & Ethnic Ministries Total Cultural & Ethnic Ministries
24
0%
We Have This Treasure ...
Episcopal Diocese of Southwest Florida 2015 Operating Budget Details 2014-15 Change 2014 Budget
Accounts Recovery Ministries
$
2015 Budget
573900 - Recovery Ministries Revenue
$
584030 - Recovery Ministries Expense*
$
31,800
$
31,800
$
-
$
13,800
$
13,800
$
-
$
63,000
$
55,000
$
(8,000)
$
63,000
$
55,000
$
(8,000)
Total Recovery Ministries
(18,000) $
(18,000) $
% 0%
DaySpring Program Development 582400 - Program Development Total DaySpring Program Development
-13%
Youth, Young Adult and Families 573500 - Youth Program Revenues
$
(50,000) $
(50,000) $
580850 - Youth Programs Expense*
$
100,000
$
110,000
582182 - Youth Program Personnel Support
$
24,000
$
582179 - E.Y.E./Prov. Youth and Young Adult Events
$
6,000
$
572007 - Released from Restricted Fund - SCF Chaplaincy
$
(1,136) $
(1,168) $
582195 - USF Chapel Center
$
15,000
$
12,000
-
$
10,000
2,000
$
(22,000)
4,000
$
(2,000) (32)
$
(3,000)
582196 - College Ministry Programming
$
31,136
$
12,168
$
(18,968)
582197 - College Ministry Personnel
$
-
$
22,000
$
22,000
585218 - General Young Adult and Family Ministry Programming
$
20,000
$
15,000
$
(5,000)
$
145,000
$
126,000
$
(19,000)
Total Youth, Young Adult and Families
(note g)
-13%
Beyond Diocese 584010 - Episcopal Networks & Travel
$
5,000
$
5,000
$
-
585010 - Episcopal Church Asking
$
548,083
$
580,474
$
32,391 783
585015 - Millenium Development Goals
$
17,373
$
18,156
$
585080 - Episcopal Relief & Development
$
5,000
$
5,000
$
-
585020 - Province IV - Support
$
8,500
$
10,000
$
1,500
585030 - Sewanee - University of the South
$
5,000
$
5,000
$
-
585050 - General Conv/Synod Expenses
$
10,000
$
60,000
$
50,000
585060 - Dominican Development Group Total Beyond Diocese Total Ministry
$
15,000
$
15,000
$
-
$
613,956
$
698,630
$
84,674
14%
$
989,570
$
1,042,516
$
52,947
5%
Administration Administration 583300 - Office Expenses
$
26,000
$
26,000
$
-
583315 - Maintenance, Housekeeping, Repairs
$
22,256
$
23,574
$
1,318 2,252
583310 - Utilities
$
26,640
$
28,892
$
583302 - Background check expense
$
3,000
$
3,000
$
-
583306 - Depreciation Expense
$
126,336
$
104,545
$
(21,791)
581230 - Church Real Estate Taxes
$
500
$
1,000
$
583330 - Insurance
$
38,000
$
38,000
$
-
583335 - Legal and Auditing
$
30,000
$
30,000
$
-
500
583336 - Banking and Professional Fees
$
4,000
$
4,000
$
-
583360 - Diocesan Convention
$
35,000
$
35,000
$
-
582100 - Diocesan Liturgy Support
$
3,000
$
3,000
$
-
583600 - Publication Costs and Website
$
30,000
$
40,000
$
10,000
583325 - Postage
$
8,000
$
8,000
$
-
583345 - Equipment and Software
$
3,000
$
3,000
$
-
583601 - Bishop Endowment Appeal Total Administration
$
15,000
$
15,000
$
-
$
370,732
$
363,011
$
(7,721)
-2%
Cemetery 572060 - Released from Restricted Fund - St. Barth's Cemetery
$
599040 - St. Bartholomew's Cemetery
$
6,000
$
6,000
$
-
$
3,800
$
3,739
$
(61)
$
110,000
$
100,000
$
(10,000)
$
110,000
$
100,000
$
(10,000)
Total Cemetery
(2,200) $
(2,261) $
(61) -2%
DaySpring Episcopal Center 583410 - DaySpring Capital Support Total DaySpring Episcopal Center
46th Annual Convention
-9%
25
Episcopal Diocese of Southwest Florida 2015 Operating Budget Details 2014-15 Change 2014 Budget
Accounts Bishop Discretionary
$
2015 Budget
%
572005 - Released from Restricted Funds-Bishop Discretionary
$
(17,027) $
(17,285) $
573300 - Donations to Discretionary Fund
$
(10,000) $
(10,000) $
599090 - Bishop Discretionary - Miscellaneous
$
27,027
$
27,285
$
258
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
Total Bishop Discretionary
(258) 0%
Investments 583308 - Unrealized (Gain) Loss on Invest. Total Investments
0%
Personnel The Episcopate 580100 - Bishop - Stipend
$
99,061
$
102,032
$
2,971
580150 - Bishop - Housing
$
68,049
$
70,090
$
2,041
580200 - Bishop - Insurance
$
20,895
$
21,015
$
120
580250 - Bishop - Pension
$
30,080
$
30,982
$
902
580300 - Bishop - Professional Exp.
$
30,000
$
30,000
$
-
580310 - Bishop - Continuing Ed.
$
3,000
$
3,000
$
-
580370 - Office of the Bishop
$
5,500
$
5,500
$
-
580900 - Assisting Bishops - Stipend
$
15,837
$
16,000
$
163
580910 - Assisting Bishops - Prof Exp
$
5,000
$
8,000
$
3,000
$
277,421
$
286,619
$
9,198
Mission and Ministry 580400 - Canon to the Ordinary - Stipend
$
62,529
$
72,645
$
10,116
580410 - Canon to the Ordinary - Housing
$
50,187
$
51,692
$
1,505
580420 - Canon to the Ordinary - Insurance
$
18,720
$
18,840
$
120
580430 - Canon to the Ordinary - Pension
$
20,289
$
22,381
$
2,092
580440 - Canon to the Ordinary - Prof Exp
$
15,000
$
12,000
$
(3,000)
584xxx - Canon for Ministry Dev - Stipend
$
-
$
48,581
$
48,581
584xxx - Canon for Ministry Dev - Housing
$
-
$
20,000
$
20,000
584xxx - Canon for Ministry Dev - Insurance
$
-
$
24,860
$
24,860
584xxx - Canon for Ministry Dev - Pension
$
-
$
12,345
$
12,345
584xxx - Canon for Ministry Dev - Prof Exp
$
-
$
10,000
$
10,000
584400 - Canon for Mission - Stipend
$
57,158
$
59,001
$
1,843
584410 - Canon for Mission - Housing
$
20,269
$
19,200
$
(1,069)
584420 - Canon for Mission - Insurance
$
17,702
$
18,974
$
1,272
584430 - Canon for Mission - Pension
$
13,937
$
13,937
$
-
584440 - Canon for Mission - Prof Exp
$
10,000
$
10,000
$
26,000
582201 - Dio Youth/DS Programming - Stipend
$
-
$
26,000
$
582202 - Dio Youth/DS Programming - Housing
$
-
$
-
$
-
582203? - Dio Youth/DS Programming - Insurance
$
-
$
9,200
$
9,200
582204 - Dio Youth/DS Programming - Pension
$
-
$
9,000
$
9,000
582205 - Dio Youth/DS Programming - Prof Exp
$
-
$
5,000
$
5,000
583201 - Staff - M&M-Compensation
$
125,210
$
128,966
$
3,756
583211 - Staff - M&M-PR Taxes
$
9,579
$
9,866
$
287
583221 - Staff - M&M-Insurance
$
17,932
$
19,888
$
1,956
583231 - Staff - M&M-Pension
$
12,521
$
12,897
$
583241 - Staff - M&M-Prof Exp
$
3,500
$
1,500
$
$
454,533
$
636,772
$
182,239 11,164
376 (2,000)
Finance and Administration 583100 - CFO - Compensation
$
97,463
$
108,627
$
583110 - CFO - PR Taxes
$
7,456
$
8,310
$
854
583120 - CFO - Insurance
$
225
$
24,995
$
24,770
583130 - CFO - Pension
$
9,746
$
10,863
$
1,116
583140 - CFO - Prof. Expenses
$
12,000
$
12,000
$
-
583200 - Staff - Finance&Admin-Compensation
$
164,145
$
194,971
$
30,826
583210 - Staff - Finance&Admin-PR Taxes
$
12,557
$
13,003
$
446
583220 - Staff - Finance&Admin-Insurance
$
37,407
$
40,814
$
3,407 583
583230 - Staff - Finance&Admin-Pension
$
16,415
$
16,997
$
583540 - Staff - Finance&Admin-Prof Exp
$
4,000
$
4,000
$
-
580510 - Pastors to Clergy & Fam - Stipend
$
28,664
$
-
$
(28,664)
580530 - Pastors to Clergy & Fam - Professional Exp
$
3,000
$
5,000
$
2,000
584700 - Dev/Stewardship/Canon Pastor - Stipend
$
14,944
$
28,000
$
13,056
584740 - Dev/Stewardship/Canon Pastor - Prof Exp Total Personnel
26
$
5,000
$
5,000
$
-
$
413,022
$
472,580
$
59,558
$
1,144,976
$
1,395,970
$
250,994
22% (note h)
We Have This Treasure ...
Episcopal Diocese of Southwest Florida 2015 Operating Budget Details 2014-15 Change 2014 Budget
Accounts Retired Personnel 572006 - Released from Restricted Funds-Retirement
$
580700 - Health Insurance Benefit for Retired Clergy
$
580710 - Retirement Benefits Total Retired Personnel Total Administration Total EXPENSES
Net Total
$
2015 Budget
(70,370) $ 92,708
$
(70,370) $ 89,092
$
% (3,616)
$
6,000
$
6,000
$
-
$
28,338
$
24,722
$
(3,616)
$
1,657,846
$
1,887,442
$
229,596
14%
$
3,196,191
$
3,308,014
$
111,823
3%
$
0
$
(0) $
-13%
(0)
Notes a. Total amount released from Restricted/Designated (presented alongside the expense line)
$
(223,413) $
(298,702)
b. Total of income and expense related to capital
$
(24,863) $
65,998
c. Investment in new missions (church planting)
$
d. Funds that go to DaySpring Episcopal Center budget for programming
$
e. Funds that go to church budgets for operations
$
-
$
95,000
233,800
$
230,800
233,750
$
197,500
f. Eric Cooter, Canon for Ministry Development moved to Personnel section g. Diocesan Youth Coordinator moved to Personnel section h. Includes Canon for Ministry Development, Diocesan Youth/DS Programming positions moved from other areas of budget
46th Annual Convention
27
Episcopal Diocese of Southwest Florida 2015 Diocesan Operating and Capital Reserves Operating Reserves
Capital Reserves (1)
Total Reserves
Cash Reserves 6/30/2014
$
1,212,289
$
287,208
$
1,499,498
Projected Cash Inflow through December 2015: Diocesan Depreciation - July-Dec 2014 Diocesan Depreciation in 2015 Budget Apportionment Loans Payments through Dec 2015 Total Projected Cash Inflow
$ $ $ $
123,149 123,149
$ $ $ $
52,788 104,545 157,333
$ $ $ $
52,788 104,545 123,149 280,482
Projected Cash Outflow through December 2015: DaySpring Development (2) Equipment Vehicle Trade In Total Projected Cash Outflow
$ $ $ $
$ $ $ $
(45,000) (3,000) (15,000) (63,000)
$ $ $ $
(45,000) (3,000) (15,000) (63,000)
Net Total at Year End 2015 (3)
$
$
381,542
$
1,335,438
1,716,980
1. Funded by depreciation amount plus any additional gifts to diocesan capital 2. 2015 capital budgeting to be determined after master planning process in 2014 ($45k is cost of master planning) 3. Target is 6 months of operating revenue ($1.6M)
28
We Have This Treasure ...
Episcopal Diocese of Southwest Florida 2015 Budget - Designated Funds These are funds grouped according to designations approved by Diocesan Council.
6/30/2014 Balance Endowments DaySpring Endowment Episcopal Charities Endowment
Mission Fund Mission Fund Revolving Loan Fund Notes Receivable Cash Available
Total Designated Funds
Rate
Budgeted 2015 Distribution
Income Released to:
$ $ $
707,095 682,025 1,389,120
4.5% (d) 4.5% (d)
$ $ $
22,977 22,164 45,142
DaySpring EC Grants
$
1,705,858
4.5% (d)
$
55,435
Operating Budget
$ $ $
2,292,073 1,092,775 3,384,848
3%-4.25% 3.00%
$ $ $
68,762 32,783 101,545
$
6,479,825
$
202,122
$ $ $ $
55,435 101,545 45,142 202,122
Notes a. Total to Operating Budget b. Total to Designated Funds c. Total Out to Third Party
Reinvested into RLF Fund Reinvested into RLF Fund
d. Approved spending rule: 4.5% of the trailing 3 year average balance
46th Annual Convention
29
Episcopal Diocese of Southwest Florida 2015 Budget - Restricted Funds These are funds legally restricted by the donor's wishes.
6/30/2014 Balance
Restriction Category / Fund Name Congregation Loans Flagler (St Mary, Tampa, Available funds) Rev. Cap.Loan (St Mark, Tampa)
28,062 28,062
3.00% 4.5% (c)
$ $ $
12,939 4,346 17,285
Operating Budget
130,444
4.5% (c)
$
4,239
Operating Budget
$ $ $ $ $ $
18,483 12,455 786,014 592,451 22,557 1,431,960
4.5% (c) 4.5% (c) 4.5% (c) 4.5% (c) 4.5% (c)
$ $ $ $ $ $
601 405 25,543 19,253 733 46,534
Operating Budget
$ $ $ $ $ $
501,148 22,557 195,856 123,459 46,728 889,748
4.5% (c) 4.5% (c) 4.5% (c) 4.5% (c) 4.5% (c)
$ $ $ $ $ $
16,286 733 6,365 4,012 1,519 28,914
Operating Budget
$
35,939
4.5% (c)
$
1,168
Operating Budget
$ $ $
1,030,138 1,135,305 2,165,443
4.5% (c) 4.5% (c)
$ $ $
33,476 36,894 70,370
Operating Budget
St Bartholomew Cemetery
$
69,581
4.5% (c)
$
2,261
Operating Budget
Hubbs
$
411,369
4.5% (c)
$
13,368
Johnson (50% goes to Ascension) Blacktop Werk SWFL Endowment-Unrestricted
$ $ $ $
224,009 30,613 1,576,323 17,439
4.5% (c) 4.5% (c) 4.5% (c) 4.5% (c)
$ $ $ $
3,640 995 51,227 567
Dunning
$ $
2,259,752
Fixed
$ $
2,700 72,496
$
8,595,073
$
271,329
Underprivileged Smith Foster Plumley Leach Slemaker Evans 50%
Theological Education Lindsey Evans 50% Greene Mochino Hall
College Chaplaincy Kiely SCF Chaplaincy Fund Benefit of elderly Archambault Ross
Cemetery Other
Total Restricted Funds
$ $ $
111,786 935,396 1,047,182
0.00% 3.00%
$ $ $
431,284 133,738 565,022
$
Income Released to:
$ $ $
Bishop Discretionary Tulane (part A-St Mark Tampa loan) Tulane (part B-Endowment)
Missions
Rate
Budgeted 2015 Distribution
Revolving Loan Fund
Operating Budget
Benefitial Interest in Bishop Gray Retirement Foundation The Bishop Gray Retirement Foundation, Inc. is a not-for-profit Florida corporation, organized to provide retirement support for the aged under the auspices and control of the Central, Southwest and Southeast Florida Diocese of the Protestant Episcopal Church currently through a "scholarship program" which is intended to help eligible elderly Episcopalians from the three dioceses obtain quality housing and healthcare. The Diocese elects four members to the governing board to the Bishop Gray Retirement Foundation, Inc. At 12/31/2013, the total assets of the Foundation were $12,020,052.
Notes a. Total to Operating Budget b. Total to Designated Funds
$ $ $
243,267 28,062 271,329
c. Approved spending rule: 4.5% of the trailing 3 year average balance
30
We Have This Treasure ...
46th Annual Convention
31
City Arcadia Boca Grande Bonita Springs Bradenton Bradenton Bradenton Brooksville Cape Coral Clearwater Clearwater Clearwater Clearwater Dade City Dunedin Englewood Fort Myers Fort Myers Fort Myers Fort Myers Fort Myers Beach Holmes Beach (Anna Maria) Hudson Indian Rocks Bch LaBelle Largo Lehigh Acres Longboat Key Marco Island Naples Naples Naples Naples New Port Richey North Fort Myers North Port Osprey Palm Harbor Palmetto Pinellas Park Plant City Port Charlotte
Church St. Edmund St. Andrew St. Mary Christ Church St. Mary Magdalene St. George St. John Epiphany Ascension Holy Trinity St. John Good Samaritan St. Mary Good Shepherd St. David St. Hilary Iona-Hope St. Luke Lamb of God St. Raphael Annunciation St. Martin Calvary Good Shepherd St. Dunstan St. Anselm All Angels by the Sea St. Mark Trinity-by-the-Cove St. John St. Monica St. Paul St. Stephen All Souls St. Nathaniel Holy Spirit St. Alfred St. Mary St. Giles St. Peter St. James
Episcopal Diocese of Southwest Florida 2015 Apportionment Schedule
Line 8
Capital Additions $ 6,029 $ 108,366 $ 44,367 $ 686 $ 7,691 $ 100 $ 23,304 $ 2,707 $ 49,556 $ 8,300 $ 9,000 $ $ $ 318,552 $ $ 51,187 $ 54,677 $ 14,255 $ 29,702 $ $ $ 10,212 $ 20,104 $ 1,350 $ 3,004 $ 2,824 $ 30,000 $ 62,671 $ $ 174,815 $ 23,795 $ 6,113 $ 1,449 $ 21,747 $ 15,904 $ 2,433 $ $ 11,496 $ 9,685 $ 15,431 $ 700
Normal Operating Income $ 112,238 $ 402,610 $ 755,013 $ 918,006 $ 256,703 $ 184,850 $ 105,862 $ 214,565 $ 1,176,608 $ 506,186 $ 354,347 $ 237,008 $ 294,382 $ 345,415 $ 280,956 $ 552,959 $ 549,108 $ 398,767 $ 265,433 $ 105,831 $ 281,867 $ 173,026 $ 284,465 $ 87,962 $ 101,720 $ 106,151 $ 297,487 $ 496,667 $ 1,698,310 $ 527,427 $ 434,749 $ 359,835 $ 149,401 $ 235,452 $ 152,945 $ 168,195 $ 382,795 $ 176,236 $ 163,445 $ 243,678 $ 333,403
Total Subject to Apportionment $ 118,267 $ 510,976 $ 799,380 $ 918,693 $ 264,394 $ 184,950 $ 129,166 $ 217,272 $ 1,226,164 $ 514,486 $ 363,347 $ 237,008 $ 294,382 $ 663,967 $ 280,956 $ 604,146 $ 603,785 $ 413,022 $ 295,135 $ 105,831 $ 281,867 $ 183,238 $ 304,569 $ 89,312 $ 104,724 $ 108,975 $ 327,487 $ 559,338 $ 1,698,310 $ 702,242 $ 458,544 $ 365,948 $ 150,850 $ 257,199 $ 168,849 $ 170,628 $ 382,795 $ 187,732 $ 173,130 $ 259,109 $ 334,103
2013 Parochial Report
Subtotal A (lines 3+4+5+6)
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
Operating @10% 11,224 40,261 75,501 91,801 25,670 18,485 10,586 21,457 117,661 50,619 35,435 23,701 29,438 34,542 28,096 55,296 54,911 39,877 26,543 10,583 28,187 17,303 28,447 8,796 10,172 10,615 29,749 49,667 169,831 52,743 43,475 35,984 14,940 23,545 15,295 16,820 38,280 17,624 16,345 24,368 33,340 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
603 10,837 4,437 69 769 10 2,330 271 4,956 830 900 31,855 5,119 5,468 1,426 2,970 1,021 2,010 135 300 282 3,000 6,267 17,482 2,380 611 145 2,175 1,590 243 1,150 969 1,543 70
Capital @10%
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
2015 Apportionment
Total 11,827 51,098 79,938 91,869 26,439 18,495 12,917 21,727 122,616 51,449 36,335 23,701 29,438 66,397 28,096 60,415 60,379 41,302 29,514 10,583 28,187 18,324 30,457 8,931 10,472 10,898 32,749 55,934 169,831 70,224 45,854 36,595 15,085 25,720 16,885 17,063 38,280 18,773 17,313 25,911 33,410
32
We Have This Treasure ...
Totals
City Punta Gorda Ruskin Safety Harbor Sanibel Sarasota Sarasota Sarasota Sarasota Sarasota Seminole Spring Hill St. James City (Pine Island) St. Pete Beach St. Petersburg St. Petersburg St. Petersburg St. Petersburg St. Petersburg St. Petersburg St. Petersburg Tampa Tampa Tampa Tampa Tampa Tampa Tampa Tampa Tampa Tarpon Springs Temple Terrace Valrico Venice Venice Zephyrhills
Church Good Shepherd St. John Holy Spirit St. Michael & All Angels Redeemer St. Boniface St. Wilfred Nativity St. Margaret St. Anne of Grace St. Andrew St. John St. Alban St. Peter St. Thomas St. Vincent St. Bartholomew St. Bede St. Matthew St. Augustine St. John St. Andrew St. Mary St. Mark Grace St. Clement St. James House of Prayer St. Chad St. Francis All Saints St. Catherine Holy Innocents St. Mark Good Shepherd St. Elizabeth
Episcopal Diocese of Southwest Florida 2015 Apportionment Schedule
$
29,530,788
$
$ $ $ $ $ $ $ $
2,847,820
7,422 78,946 56,322 19,128 -
Capital Additions $ 70,095 $ $ 2,400 $ $ 1,918 $ 18,983 $ 400 $ 48,904 $ 10,300 $ $ 3,751 $ 5,375 $ $ 1,174,497 $ $ $ $ 2,626 $ 16,960 $ $ 95 $ 50,300 $ 46,190 $ 13,500 $ $ 77,496
Line 8
$
32,378,609
Total Subject to Apportionment $ 400,513 $ 410,698 $ 163,567 $ 756,994 $ 1,991,387 $ 1,133,426 $ 301,722 $ 325,559 $ 248,821 $ 180,654 $ 317,865 $ 99,136 $ 219,750 $ 2,100,309 $ 803,903 $ 335,334 $ 305,341 $ 164,604 $ 131,196 $ 103,715 $ 1,127,559 $ 591,980 $ 412,611 $ 372,716 $ 261,317 $ 287,924 $ 210,266 $ 95,078 $ 28,140 $ 251,797 $ 319,345 $ 546,409 $ 1,022,864 $ 253,656 $ 88,177
2013 Parochial Report
Normal Operating Income $ 330,418 $ 410,698 $ 161,167 $ 756,994 $ 1,989,469 $ 1,114,443 $ 301,322 $ 276,655 $ 238,521 $ 180,654 $ 314,114 $ 93,761 $ 219,750 $ 925,812 $ 803,903 $ 335,334 $ 305,341 $ 161,978 $ 114,236 $ 103,715 $ 1,127,464 $ 541,680 $ 366,421 $ 359,216 $ 261,317 $ 210,428 $ 210,266 $ 95,078 $ 28,140 $ 251,797 $ 311,923 $ 467,463 $ 966,542 $ 234,528 $ 88,177
Subtotal A (lines 3+4+5+6)
$
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2,953,079
Operating @10% 33,042 41,070 16,117 75,699 198,947 111,444 30,132 27,666 23,852 18,065 31,411 9,376 21,975 92,581 80,390 33,533 30,534 16,198 11,424 10,372 112,746 54,168 36,642 35,922 26,132 21,043 21,027 9,508 2,814 25,180 31,192 46,746 96,654 23,453 8,818 $
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
284,782
Capital @10% 7,010 240 192 1,898 40 4,890 1,030 375 538 117,450 263 1,696 10 5,030 4,619 1,350 7,750 742 7,895 5,632 1,913 -
$
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
2015 Apportionment
3,237,861
Total 40,051 41,070 16,357 75,699 199,139 113,343 30,172 32,556 24,882 18,065 31,787 9,914 21,975 210,031 80,390 33,533 30,534 16,460 13,120 10,372 112,756 59,198 41,261 37,272 26,132 28,792 21,027 9,508 2,814 25,180 31,935 54,641 102,286 25,366 8,818
Episcopal Diocese of Southwest Florida Exhibit A - Apportionment Calculation Clarification
The apportionment that each congregation pays to the Diocese of Southwest Florida for the support of the diocese and related activities of the diocese shall be calculated as the sum of two parts: 1) operating apportionment and 2) capital apportionment. The Parochial Report figures used as the basis for these calculations shall be from the report filed two years preceding the year in which the apportionment is due. For example: the 2014 apportionment is calculated using the data filed in the 2012 Parochial Report.
1) Operating Apportionment is calculated as 10% of the congregation's "Normal Operating Income", reported on SubTotal A of the Parochial Report. The 10% rate is the default for every year, however the percentage amount may be adjusted as a part of the annual budgeting process. Any exceptions to the rate for a particular year would be approved through the regular approval process of the diocesan budget for that year. 2) Capital Apportionment is calculated as 10% of the congregation's "Funds Received for Capital Projects", reported on Line 8 of the Parochial Report. These apportionment dollars are directed to the capital needs of the diocese and the support of new missions. The apportionment shall be paid on a regular monthly basis throughout the year unless other arrangements are made with approval of the Diocesan Council in advance.
Please refer to Exhibit B for apportionment calculation definitions as they relate to the Parochial Report
46th Annual Convention
33
Episcopal Diocese of Southwest Florida Exhibit B - Apportionment Definitions and Sources
Operating Income Apportionment
Capital Apportionment
34
We Have This Treasure ...
Episcopal Diocese of Southwest Florida Parochial Report Analysis 2012-2013
2012 13,237
Sunday Attendance
2012-2013 Change
2013 12,952
(285)
% Change -2%
$
9,065 20,100,263
$
9,183 20,415,185
$
118 314,922
1% 2%
$ $
24,890,796 876,211
$ $
24,897,348 811,886
$ $
6,552 (64,325)
0% -7%
$ $ $ $ $
3,337,997 425,997 29,531,001 329,857 29,860,858
$ $ $ $ $
3,208,429 613,125 29,530,788 338,924 29,869,712
$ $ $ $ $
(129,568) 187,128 (213) 9,067 8,854
$ $ $ $ $ $
2,249,715 2,037,383 4,280,562 631,694 9,199,354 39,060,212
$ $ $ $ $ $
2,847,820 3,079,060 3,737,057 726,488 10,390,425 40,260,137
$ $ $ $ $ $
598,105 1,041,677 (543,505) 94,794 1,191,071 1,199,925
27% 51% -13% 15%
$ $ $ $
2,986,429 693,433 26,313,178 29,993,040
$ $ $ $
2,944,517 801,231 26,413,961 30,159,709
$ $ $ $
(41,912) 107,798 100,783 166,669
-1% 16% 0%
1,788,972 3,570,658 69,086 804,376 6,233,092 36,226,132
$ $ $ $ $ $
1,723,015 3,180,938 107,811 981,110 5,992,874 36,152,583
$ $ $ $ $ $
(65,957) (389,720) 38,725 176,734 (240,218) (73,549)
-4% -11% 56% 22%
Subtotal Non-Operating Expenses (Subtotal F) Total Expenses (Total G)
$ $ $ $ $ $
Total Cash in Checking/Savings (Line 19) Total Investments at Market Value (Line 20) Total Debt
$ $ $
10,732,299 27,491,646 18,295,009
$ $ $
11,149,171 35,761,316 15,633,829
$ $ $
416,872 8,269,670 (2,661,180)
4% 30% -15%
(260)
-1%
Number of Signed Pledge Cards Total Dollar Amount Pledged Plate, Pledge and Regular Support (Line 3) Available for Operations From Investments (Line 4) Other Operating Income, Unrestricted/Restricted Gifts for Operations, Contributions from Congregation's Organizations (Line 5) Unrestricted Bequests used for Operations (Line 6) Normal Operating Income (Subtotal A) Assistance From The Diocese (Line 7) Total Operating Revenues (Subtotal B) Capital Funds (Line 8) Additions To Endowment (Line 9) Contributions for Outreach & Mission Programs (Line 10) Funds for Transmittal To Other Organizations (Line 11) Subtotal Non-Operating Revenues (Subtotal C) Total Revenues (Total D) Apportionment Paid To Diocese (Line 12) Outreach From Operating Budget (Line 13) All Other Operating Expenses (Line 14) Subtotal Operating Expenses (Subtotal E) Capital Improvement Expenditures (Line 15) Expenses for Congregation's Outreach and Mission (Line 16) Contribution to Episcopal Seminaries (Line 17) Funds Sent to Other Organization (Line 18)
Members
46th Annual Convention
31,207
30,947
-4% 44% 0% 3% 0%
13% 3%
1%
-4% 0%
35
This diocesan budget is the product of a thorough, deliberate process of conversations that include the diocesan community through Diocesan Council, committees and other leaders. While truly a year-long process, the budgeting work formally begins in June and continues through final presentation in October.
* * * * *
The Office of the Bishop staff communicated with a variety of diocesan leaders regarding individual line items. The Endowment Fund Board determined the 2015 spending rule per the Endowment Fund Policy. Funds available for distribution are determined by using a total return principal. The approved spending rate for 2015 is 4.5% of the threeyear rolling average market value of the corpus ending in June 2014. This releases a total of $334,919 from restricted and designated invested funds for use in 2015. The Finance Committee reviewed draft budgets in their July and August meetings, and recommend the final draft to Council. Diocesan Council approved the final budget at their August 16, 2014 meeting. The budget was presented to convention delegates and clergy at the Fall Deanery Convocations in September.
Within this budget presentation are the following: A. B. C. D. E. F. G. H.
22
Operating Budget - Summary (one page summary of the operating budget) Operating Budget - Detail (detailed operating budget) Capital Budget (summary of diocesan operating and capital reserve activity) Designated Funds (summary of the activity of the council-designated funds) Restricted Funds (summary of the activity of the individual donor-restricted funds) Apportionment Schedule (detailed schedule of 2015 apportionment amounts which fund the diocesan budget, by church) Apportionment Clarification (detailed definition of the apportionment calculation in our diocese) Parochial Report Analysis (comparison of parochial report totals for 2012 and 2013)
We Have This Treasure ...
Episcopal Diocese of Southwest Florida 2015 Operating Budget Summary 2014-15 Change 2014 Budget
$
2015 Budget
%
INCOME Apportionment
$
3,178,072
$
3,237,861
$
Investment Income
$
6,785
$
6,785
$
-
Income Released from Restricted/Designated Funds-General (a)
$
11,334
$
63,367
$
52,033
$
3,196,191
$
3,308,013
$
111,822
Seminarian Transition
$
25,743
$
9,132
$
(16,611)
Deanery
$
7,000
$
7,000
$
-
Congregation Leadership Development
$
32,000
$
32,000
$
-
Mission and Congregational Development
$
293,349
$
168,031
$
Uncollectable Apportionment Allowance
$
190,684
$
161,893
$
548,775
$
378,056
INCOME
59,789
3%
EXPENSES Congregational Support and Development
Total Congregational Support and Development
-65% 0% 0%
(125,318)
-43%
$
(28,791)
-15%
$
(170,720)
-31%
-12%
Ministry Ministry Development
$
38,814
$
34,086
$
(4,728)
Cultural & Ethnic Ministries
$
115,000
$
115,000
$
-
Recovery Ministries
$
13,800
$
13,800
$
-
DaySpring Program Development
$
63,000
$
55,000
$
(8,000)
-13%
0% 0%
Youth, Young Adult and Families
$
145,000
$
126,000
$
(19,000)
-13%
Beyond Diocese
$
613,956
$
698,630
$
84,674
14%
$
989,570
$
1,042,516
$
52,947
5%
Administration
$
370,732
$
363,011
$
(7,721)
-2%
Cemetery
$
3,800
$
3,739
$
(61)
-2%
DaySpring Episcopal Center
$
110,000
$
100,000
$
(10,000)
-9%
Bishop Discretionary
$
-
$
-
$
-
0%
Investments
$
-
$
-
$
-
Personnel
$
Total Ministry Administration
1,144,976
$
1,395,970
$
0%
250,994
Retired Personnel
$
28,338
$
24,722
$
Total Administration
$
1,657,846
$
1,887,442
$
229,596
14%
$
3,196,191
$
3,308,014
$
111,823
3%
$
0
$
EXPENSES
NET
(0)
$
(3,616)
22% -13%
(0)
Notes a. Income released from restricted or designated accounts that is restricted to a particular expense category is presented with the expense (see detailed budget).
46th Annual Convention
23
Episcopal Diocese of Southwest Florida 2015 Operating Budget Details 2014-15 Change 2014 Budget
Accounts INCOME
$
2015 Budget
%
Apportionment 570000 - Operating Apportionment
$
2,953,100
$
2,953,079
$
570050 - Capital Apportionment
$
224,972
$
284,782
$
59,811
$
3,178,072
$
3,237,861
$
59,789
$
6,785
$
6,785
$
-
$
6,785
$
6,785
$
-
$
11,334
$
63,367
$
52,033
$
11,334
$
63,367
$
52,033
$
3,196,191
$
3,308,013
$
111,822
Total Apportionment
(21) 2%
Investment Income 570200 - Investment Income Total Investment Income Transfers of Released Income (a) 572000 - Released from Restricted Funds-General Total Transfers TOTAL INCOME
3%
EXPENSES Congregational Support and Development Seminarian Transition 572002 - Released from Restricted Funds-Seminarian Transition
$
582180- Seminarian Transition/Deployment
$
38,750
$
22,500
$
(16,250)
$
25,743
$
9,132
$
(16,611)
$
7,000
$
7,000
$
-
$
7,000
$
7,000
$
-
Total Seminarian Transition
(13,007) $
(13,368) $
(361) -65%
Deanery 583350 - Deanery Support Total Deanery
0%
Congregation Leadership Development 580492 - Congregation Education
$
10,000
$
10,000
$
-
580491 - Fresh Start (Transition) Programming
$
6,000
$
6,000
$
-
581400 - Stewardship Programming
$
5,000
$
5,000
$
-
583340 - Meetings
$
11,000
$
11,000
$
-
$
32,000
$
32,000
$
-
Total Congregation Leadership Development
0%
Mission and Congregational Development 572003 - Released from Restricted Funds-Mission
$
(34,335) $
(46,534) $
(12,199)
572001 - Released from Designated Funds-Mission
$
(47,317) $
(55,435) $
(8,118)
580493 - Congregation Expertise Support
$
45,000
$
45,000
$
-
581020 - Congregation Aid
$
150,000
$
130,000
$
(20,000)
581265 - New Mission Investment-Program
$
80,000
$
15,000
$
(65,000)
581266 - New Mission Investment-Personnel
$
100,000
$
80,000
$
(20,000)
$
293,349
$
168,031
$
(125,318)
570100 - Uncollectable Apportionments
$
177,186
$
147,654
$
(29,532)
570101 - Uncollectable Capital Apportionment
$
13,498
$
14,239
$
Total Uncollectable Apportionment Allowance
$
190,684
$
161,893
$
(28,791)
-15%
Total Congregational Support and Development
$
548,775
$
378,056
$
(170,720)
-31%
Total Mission and Congregational Development
-43% (note f)
Uncollectable Apportionment Allowance 741
Ministry Ministry Development 573750 - School for Ministry Development Revenue
$
582121 - School for Ministry Dev Expense*
$
(8,000) $ 8,000
$
2,000
$
(4,000) $ 4,000
$
2,000
$
4,000 (4,000)
582150 - Education for Ministry
$
572004 - Released from Restricted Fund - Seminarian
$
582160 - Seminarian Support
$
52,500
$
50,000
$
580720 - Clergy Spouse Association
$
5,000
$
5,000
$
-
582190 - Commission on Ministry
$
6,000
$
6,000
$
-
$
38,814
$
34,086
$
(4,728)
$
115,000
$
115,000
$
-
$
115,000
$
115,000
$
-
Total Ministry Development
(26,686) $
(28,914) $
(2,228) (2,500)
-12%
Cultural & Ethnic Ministries 582194 - Cultural & Ethnic Ministries Total Cultural & Ethnic Ministries
24
0%
We Have This Treasure ...
Episcopal Diocese of Southwest Florida 2015 Operating Budget Details 2014-15 Change 2014 Budget
Accounts Recovery Ministries
$
2015 Budget
573900 - Recovery Ministries Revenue
$
584030 - Recovery Ministries Expense*
$
31,800
$
31,800
$
-
$
13,800
$
13,800
$
-
$
63,000
$
55,000
$
(8,000)
$
63,000
$
55,000
$
(8,000)
Total Recovery Ministries
(18,000) $
(18,000) $
% 0%
DaySpring Program Development 582400 - Program Development Total DaySpring Program Development
-13%
Youth, Young Adult and Families 573500 - Youth Program Revenues
$
(50,000) $
(50,000) $
580850 - Youth Programs Expense*
$
100,000
$
110,000
582182 - Youth Program Personnel Support
$
24,000
$
582179 - E.Y.E./Prov. Youth and Young Adult Events
$
6,000
$
572007 - Released from Restricted Fund - SCF Chaplaincy
$
(1,136) $
(1,168) $
582195 - USF Chapel Center
$
15,000
$
12,000
-
$
10,000
2,000
$
(22,000)
4,000
$
(2,000) (32)
$
(3,000)
582196 - College Ministry Programming
$
31,136
$
12,168
$
(18,968)
582197 - College Ministry Personnel
$
-
$
22,000
$
22,000
585218 - General Young Adult and Family Ministry Programming
$
20,000
$
15,000
$
(5,000)
$
145,000
$
126,000
$
(19,000)
Total Youth, Young Adult and Families
(note g)
-13%
Beyond Diocese 584010 - Episcopal Networks & Travel
$
5,000
$
5,000
$
-
585010 - Episcopal Church Asking
$
548,083
$
580,474
$
32,391 783
585015 - Millenium Development Goals
$
17,373
$
18,156
$
585080 - Episcopal Relief & Development
$
5,000
$
5,000
$
-
585020 - Province IV - Support
$
8,500
$
10,000
$
1,500
585030 - Sewanee - University of the South
$
5,000
$
5,000
$
-
585050 - General Conv/Synod Expenses
$
10,000
$
60,000
$
50,000
585060 - Dominican Development Group Total Beyond Diocese Total Ministry
$
15,000
$
15,000
$
-
$
613,956
$
698,630
$
84,674
14%
$
989,570
$
1,042,516
$
52,947
5%
Administration Administration 583300 - Office Expenses
$
26,000
$
26,000
$
-
583315 - Maintenance, Housekeeping, Repairs
$
22,256
$
23,574
$
1,318 2,252
583310 - Utilities
$
26,640
$
28,892
$
583302 - Background check expense
$
3,000
$
3,000
$
-
583306 - Depreciation Expense
$
126,336
$
104,545
$
(21,791)
581230 - Church Real Estate Taxes
$
500
$
1,000
$
583330 - Insurance
$
38,000
$
38,000
$
-
583335 - Legal and Auditing
$
30,000
$
30,000
$
-
500
583336 - Banking and Professional Fees
$
4,000
$
4,000
$
-
583360 - Diocesan Convention
$
35,000
$
35,000
$
-
582100 - Diocesan Liturgy Support
$
3,000
$
3,000
$
-
583600 - Publication Costs and Website
$
30,000
$
40,000
$
10,000
583325 - Postage
$
8,000
$
8,000
$
-
583345 - Equipment and Software
$
3,000
$
3,000
$
-
583601 - Bishop Endowment Appeal Total Administration
$
15,000
$
15,000
$
-
$
370,732
$
363,011
$
(7,721)
-2%
Cemetery 572060 - Released from Restricted Fund - St. Barth's Cemetery
$
599040 - St. Bartholomew's Cemetery
$
6,000
$
6,000
$
-
$
3,800
$
3,739
$
(61)
$
110,000
$
100,000
$
(10,000)
$
110,000
$
100,000
$
(10,000)
Total Cemetery
(2,200) $
(2,261) $
(61) -2%
DaySpring Episcopal Center 583410 - DaySpring Capital Support Total DaySpring Episcopal Center
46th Annual Convention
-9%
25
Episcopal Diocese of Southwest Florida 2015 Operating Budget Details 2014-15 Change 2014 Budget
Accounts Bishop Discretionary
$
2015 Budget
%
572005 - Released from Restricted Funds-Bishop Discretionary
$
(17,027) $
(17,285) $
573300 - Donations to Discretionary Fund
$
(10,000) $
(10,000) $
599090 - Bishop Discretionary - Miscellaneous
$
27,027
$
27,285
$
258
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
Total Bishop Discretionary
(258) 0%
Investments 583308 - Unrealized (Gain) Loss on Invest. Total Investments
0%
Personnel The Episcopate 580100 - Bishop - Stipend
$
99,061
$
102,032
$
2,971
580150 - Bishop - Housing
$
68,049
$
70,090
$
2,041
580200 - Bishop - Insurance
$
20,895
$
21,015
$
120
580250 - Bishop - Pension
$
30,080
$
30,982
$
902
580300 - Bishop - Professional Exp.
$
30,000
$
30,000
$
-
580310 - Bishop - Continuing Ed.
$
3,000
$
3,000
$
-
580370 - Office of the Bishop
$
5,500
$
5,500
$
-
580900 - Assisting Bishops - Stipend
$
15,837
$
16,000
$
163
580910 - Assisting Bishops - Prof Exp
$
5,000
$
8,000
$
3,000
$
277,421
$
286,619
$
9,198
Mission and Ministry 580400 - Canon to the Ordinary - Stipend
$
62,529
$
72,645
$
10,116
580410 - Canon to the Ordinary - Housing
$
50,187
$
51,692
$
1,505
580420 - Canon to the Ordinary - Insurance
$
18,720
$
18,840
$
120
580430 - Canon to the Ordinary - Pension
$
20,289
$
22,381
$
2,092
580440 - Canon to the Ordinary - Prof Exp
$
15,000
$
12,000
$
(3,000)
584xxx - Canon for Ministry Dev - Stipend
$
-
$
48,581
$
48,581
584xxx - Canon for Ministry Dev - Housing
$
-
$
20,000
$
20,000
584xxx - Canon for Ministry Dev - Insurance
$
-
$
24,860
$
24,860
584xxx - Canon for Ministry Dev - Pension
$
-
$
12,345
$
12,345
584xxx - Canon for Ministry Dev - Prof Exp
$
-
$
10,000
$
10,000
584400 - Canon for Mission - Stipend
$
57,158
$
59,001
$
1,843
584410 - Canon for Mission - Housing
$
20,269
$
19,200
$
(1,069)
584420 - Canon for Mission - Insurance
$
17,702
$
18,974
$
1,272
584430 - Canon for Mission - Pension
$
13,937
$
13,937
$
-
584440 - Canon for Mission - Prof Exp
$
10,000
$
10,000
$
26,000
582201 - Dio Youth/DS Programming - Stipend
$
-
$
26,000
$
582202 - Dio Youth/DS Programming - Housing
$
-
$
-
$
-
582203? - Dio Youth/DS Programming - Insurance
$
-
$
9,200
$
9,200
582204 - Dio Youth/DS Programming - Pension
$
-
$
9,000
$
9,000
582205 - Dio Youth/DS Programming - Prof Exp
$
-
$
5,000
$
5,000
583201 - Staff - M&M-Compensation
$
125,210
$
128,966
$
3,756
583211 - Staff - M&M-PR Taxes
$
9,579
$
9,866
$
287
583221 - Staff - M&M-Insurance
$
17,932
$
19,888
$
1,956
583231 - Staff - M&M-Pension
$
12,521
$
12,897
$
583241 - Staff - M&M-Prof Exp
$
3,500
$
1,500
$
$
454,533
$
636,772
$
182,239 11,164
376 (2,000)
Finance and Administration 583100 - CFO - Compensation
$
97,463
$
108,627
$
583110 - CFO - PR Taxes
$
7,456
$
8,310
$
854
583120 - CFO - Insurance
$
225
$
24,995
$
24,770
583130 - CFO - Pension
$
9,746
$
10,863
$
1,116
583140 - CFO - Prof. Expenses
$
12,000
$
12,000
$
-
583200 - Staff - Finance&Admin-Compensation
$
164,145
$
194,971
$
30,826
583210 - Staff - Finance&Admin-PR Taxes
$
12,557
$
13,003
$
446
583220 - Staff - Finance&Admin-Insurance
$
37,407
$
40,814
$
3,407 583
583230 - Staff - Finance&Admin-Pension
$
16,415
$
16,997
$
583540 - Staff - Finance&Admin-Prof Exp
$
4,000
$
4,000
$
-
580510 - Pastors to Clergy & Fam - Stipend
$
28,664
$
-
$
(28,664)
580530 - Pastors to Clergy & Fam - Professional Exp
$
3,000
$
5,000
$
2,000
584700 - Dev/Stewardship/Canon Pastor - Stipend
$
14,944
$
28,000
$
13,056
584740 - Dev/Stewardship/Canon Pastor - Prof Exp Total Personnel
26
$
5,000
$
5,000
$
-
$
413,022
$
472,580
$
59,558
$
1,144,976
$
1,395,970
$
250,994
22% (note h)
We Have This Treasure ...
Episcopal Diocese of Southwest Florida 2015 Operating Budget Details 2014-15 Change 2014 Budget
Accounts Retired Personnel 572006 - Released from Restricted Funds-Retirement
$
580700 - Health Insurance Benefit for Retired Clergy
$
580710 - Retirement Benefits Total Retired Personnel Total Administration Total EXPENSES
Net Total
$
2015 Budget
(70,370) $ 92,708
$
(70,370) $ 89,092
$
% (3,616)
$
6,000
$
6,000
$
-
$
28,338
$
24,722
$
(3,616)
$
1,657,846
$
1,887,442
$
229,596
14%
$
3,196,191
$
3,308,014
$
111,823
3%
$
0
$
(0) $
-13%
(0)
Notes a. Total amount released from Restricted/Designated (presented alongside the expense line)
$
(223,413) $
(298,702)
b. Total of income and expense related to capital
$
(24,863) $
65,998
c. Investment in new missions (church planting)
$
d. Funds that go to DaySpring Episcopal Center budget for programming
$
e. Funds that go to church budgets for operations
$
-
$
95,000
233,800
$
230,800
233,750
$
197,500
f. Eric Cooter, Canon for Ministry Development moved to Personnel section g. Diocesan Youth Coordinator moved to Personnel section h. Includes Canon for Ministry Development, Diocesan Youth/DS Programming positions moved from other areas of budget
46th Annual Convention
27
Episcopal Diocese of Southwest Florida 2015 Diocesan Operating and Capital Reserves Operating Reserves
Capital Reserves (1)
Total Reserves
Cash Reserves 6/30/2014
$
1,212,289
$
287,208
$
1,499,498
Projected Cash Inflow through December 2015: Diocesan Depreciation - July-Dec 2014 Diocesan Depreciation in 2015 Budget Apportionment Loans Payments through Dec 2015 Total Projected Cash Inflow
$ $ $ $
123,149 123,149
$ $ $ $
52,788 104,545 157,333
$ $ $ $
52,788 104,545 123,149 280,482
Projected Cash Outflow through December 2015: DaySpring Development (2) Equipment Vehicle Trade In Total Projected Cash Outflow
$ $ $ $
$ $ $ $
(45,000) (3,000) (15,000) (63,000)
$ $ $ $
(45,000) (3,000) (15,000) (63,000)
Net Total at Year End 2015 (3)
$
$
381,542
$
1,335,438
1,716,980
1. Funded by depreciation amount plus any additional gifts to diocesan capital 2. 2015 capital budgeting to be determined after master planning process in 2014 ($45k is cost of master planning) 3. Target is 6 months of operating revenue ($1.6M)
28
We Have This Treasure ...
Episcopal Diocese of Southwest Florida 2015 Budget - Designated Funds These are funds grouped according to designations approved by Diocesan Council.
6/30/2014 Balance Endowments DaySpring Endowment Episcopal Charities Endowment
Mission Fund Mission Fund Revolving Loan Fund Notes Receivable Cash Available
Total Designated Funds
Rate
Budgeted 2015 Distribution
Income Released to:
$ $ $
707,095 682,025 1,389,120
4.5% (d) 4.5% (d)
$ $ $
22,977 22,164 45,142
DaySpring EC Grants
$
1,705,858
4.5% (d)
$
55,435
Operating Budget
$ $ $
2,292,073 1,092,775 3,384,848
3%-4.25% 3.00%
$ $ $
68,762 32,783 101,545
$
6,479,825
$
202,122
$ $ $ $
55,435 101,545 45,142 202,122
Notes a. Total to Operating Budget b. Total to Designated Funds c. Total Out to Third Party
Reinvested into RLF Fund Reinvested into RLF Fund
d. Approved spending rule: 4.5% of the trailing 3 year average balance
46th Annual Convention
29
Episcopal Diocese of Southwest Florida 2015 Budget - Restricted Funds These are funds legally restricted by the donor's wishes.
6/30/2014 Balance
Restriction Category / Fund Name Congregation Loans Flagler (St Mary, Tampa, Available funds) Rev. Cap.Loan (St Mark, Tampa)
28,062 28,062
3.00% 4.5% (c)
$ $ $
12,939 4,346 17,285
Operating Budget
130,444
4.5% (c)
$
4,239
Operating Budget
$ $ $ $ $ $
18,483 12,455 786,014 592,451 22,557 1,431,960
4.5% (c) 4.5% (c) 4.5% (c) 4.5% (c) 4.5% (c)
$ $ $ $ $ $
601 405 25,543 19,253 733 46,534
Operating Budget
$ $ $ $ $ $
501,148 22,557 195,856 123,459 46,728 889,748
4.5% (c) 4.5% (c) 4.5% (c) 4.5% (c) 4.5% (c)
$ $ $ $ $ $
16,286 733 6,365 4,012 1,519 28,914
Operating Budget
$
35,939
4.5% (c)
$
1,168
Operating Budget
$ $ $
1,030,138 1,135,305 2,165,443
4.5% (c) 4.5% (c)
$ $ $
33,476 36,894 70,370
Operating Budget
St Bartholomew Cemetery
$
69,581
4.5% (c)
$
2,261
Operating Budget
Hubbs
$
411,369
4.5% (c)
$
13,368
Johnson (50% goes to Ascension) Blacktop Werk SWFL Endowment-Unrestricted
$ $ $ $
224,009 30,613 1,576,323 17,439
4.5% (c) 4.5% (c) 4.5% (c) 4.5% (c)
$ $ $ $
3,640 995 51,227 567
Dunning
$ $
2,259,752
Fixed
$ $
2,700 72,496
$
8,595,073
$
271,329
Underprivileged Smith Foster Plumley Leach Slemaker Evans 50%
Theological Education Lindsey Evans 50% Greene Mochino Hall
College Chaplaincy Kiely SCF Chaplaincy Fund Benefit of elderly Archambault Ross
Cemetery Other
Total Restricted Funds
$ $ $
111,786 935,396 1,047,182
0.00% 3.00%
$ $ $
431,284 133,738 565,022
$
Income Released to:
$ $ $
Bishop Discretionary Tulane (part A-St Mark Tampa loan) Tulane (part B-Endowment)
Missions
Rate
Budgeted 2015 Distribution
Revolving Loan Fund
Operating Budget
Benefitial Interest in Bishop Gray Retirement Foundation The Bishop Gray Retirement Foundation, Inc. is a not-for-profit Florida corporation, organized to provide retirement support for the aged under the auspices and control of the Central, Southwest and Southeast Florida Diocese of the Protestant Episcopal Church currently through a "scholarship program" which is intended to help eligible elderly Episcopalians from the three dioceses obtain quality housing and healthcare. The Diocese elects four members to the governing board to the Bishop Gray Retirement Foundation, Inc. At 12/31/2013, the total assets of the Foundation were $12,020,052.
Notes a. Total to Operating Budget b. Total to Designated Funds
$ $ $
243,267 28,062 271,329
c. Approved spending rule: 4.5% of the trailing 3 year average balance
30
We Have This Treasure ...
46th Annual Convention
31
City Arcadia Boca Grande Bonita Springs Bradenton Bradenton Bradenton Brooksville Cape Coral Clearwater Clearwater Clearwater Clearwater Dade City Dunedin Englewood Fort Myers Fort Myers Fort Myers Fort Myers Fort Myers Beach Holmes Beach (Anna Maria) Hudson Indian Rocks Bch LaBelle Largo Lehigh Acres Longboat Key Marco Island Naples Naples Naples Naples New Port Richey North Fort Myers North Port Osprey Palm Harbor Palmetto Pinellas Park Plant City Port Charlotte
Church St. Edmund St. Andrew St. Mary Christ Church St. Mary Magdalene St. George St. John Epiphany Ascension Holy Trinity St. John Good Samaritan St. Mary Good Shepherd St. David St. Hilary Iona-Hope St. Luke Lamb of God St. Raphael Annunciation St. Martin Calvary Good Shepherd St. Dunstan St. Anselm All Angels by the Sea St. Mark Trinity-by-the-Cove St. John St. Monica St. Paul St. Stephen All Souls St. Nathaniel Holy Spirit St. Alfred St. Mary St. Giles St. Peter St. James
Episcopal Diocese of Southwest Florida 2015 Apportionment Schedule
Line 8
Capital Additions $ 6,029 $ 108,366 $ 44,367 $ 686 $ 7,691 $ 100 $ 23,304 $ 2,707 $ 49,556 $ 8,300 $ 9,000 $ $ $ 318,552 $ $ 51,187 $ 54,677 $ 14,255 $ 29,702 $ $ $ 10,212 $ 20,104 $ 1,350 $ 3,004 $ 2,824 $ 30,000 $ 62,671 $ $ 174,815 $ 23,795 $ 6,113 $ 1,449 $ 21,747 $ 15,904 $ 2,433 $ $ 11,496 $ 9,685 $ 15,431 $ 700
Normal Operating Income $ 112,238 $ 402,610 $ 755,013 $ 918,006 $ 256,703 $ 184,850 $ 105,862 $ 214,565 $ 1,176,608 $ 506,186 $ 354,347 $ 237,008 $ 294,382 $ 345,415 $ 280,956 $ 552,959 $ 549,108 $ 398,767 $ 265,433 $ 105,831 $ 281,867 $ 173,026 $ 284,465 $ 87,962 $ 101,720 $ 106,151 $ 297,487 $ 496,667 $ 1,698,310 $ 527,427 $ 434,749 $ 359,835 $ 149,401 $ 235,452 $ 152,945 $ 168,195 $ 382,795 $ 176,236 $ 163,445 $ 243,678 $ 333,403
Total Subject to Apportionment $ 118,267 $ 510,976 $ 799,380 $ 918,693 $ 264,394 $ 184,950 $ 129,166 $ 217,272 $ 1,226,164 $ 514,486 $ 363,347 $ 237,008 $ 294,382 $ 663,967 $ 280,956 $ 604,146 $ 603,785 $ 413,022 $ 295,135 $ 105,831 $ 281,867 $ 183,238 $ 304,569 $ 89,312 $ 104,724 $ 108,975 $ 327,487 $ 559,338 $ 1,698,310 $ 702,242 $ 458,544 $ 365,948 $ 150,850 $ 257,199 $ 168,849 $ 170,628 $ 382,795 $ 187,732 $ 173,130 $ 259,109 $ 334,103
2013 Parochial Report
Subtotal A (lines 3+4+5+6)
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
Operating @10% 11,224 40,261 75,501 91,801 25,670 18,485 10,586 21,457 117,661 50,619 35,435 23,701 29,438 34,542 28,096 55,296 54,911 39,877 26,543 10,583 28,187 17,303 28,447 8,796 10,172 10,615 29,749 49,667 169,831 52,743 43,475 35,984 14,940 23,545 15,295 16,820 38,280 17,624 16,345 24,368 33,340 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
603 10,837 4,437 69 769 10 2,330 271 4,956 830 900 31,855 5,119 5,468 1,426 2,970 1,021 2,010 135 300 282 3,000 6,267 17,482 2,380 611 145 2,175 1,590 243 1,150 969 1,543 70
Capital @10%
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
2015 Apportionment
Total 11,827 51,098 79,938 91,869 26,439 18,495 12,917 21,727 122,616 51,449 36,335 23,701 29,438 66,397 28,096 60,415 60,379 41,302 29,514 10,583 28,187 18,324 30,457 8,931 10,472 10,898 32,749 55,934 169,831 70,224 45,854 36,595 15,085 25,720 16,885 17,063 38,280 18,773 17,313 25,911 33,410
32
We Have This Treasure ...
Totals
City Punta Gorda Ruskin Safety Harbor Sanibel Sarasota Sarasota Sarasota Sarasota Sarasota Seminole Spring Hill St. James City (Pine Island) St. Pete Beach St. Petersburg St. Petersburg St. Petersburg St. Petersburg St. Petersburg St. Petersburg St. Petersburg Tampa Tampa Tampa Tampa Tampa Tampa Tampa Tampa Tampa Tarpon Springs Temple Terrace Valrico Venice Venice Zephyrhills
Church Good Shepherd St. John Holy Spirit St. Michael & All Angels Redeemer St. Boniface St. Wilfred Nativity St. Margaret St. Anne of Grace St. Andrew St. John St. Alban St. Peter St. Thomas St. Vincent St. Bartholomew St. Bede St. Matthew St. Augustine St. John St. Andrew St. Mary St. Mark Grace St. Clement St. James House of Prayer St. Chad St. Francis All Saints St. Catherine Holy Innocents St. Mark Good Shepherd St. Elizabeth
Episcopal Diocese of Southwest Florida 2015 Apportionment Schedule
$
29,530,788
$
$ $ $ $ $ $ $ $
2,847,820
7,422 78,946 56,322 19,128 -
Capital Additions $ 70,095 $ $ 2,400 $ $ 1,918 $ 18,983 $ 400 $ 48,904 $ 10,300 $ $ 3,751 $ 5,375 $ $ 1,174,497 $ $ $ $ 2,626 $ 16,960 $ $ 95 $ 50,300 $ 46,190 $ 13,500 $ $ 77,496
Line 8
$
32,378,609
Total Subject to Apportionment $ 400,513 $ 410,698 $ 163,567 $ 756,994 $ 1,991,387 $ 1,133,426 $ 301,722 $ 325,559 $ 248,821 $ 180,654 $ 317,865 $ 99,136 $ 219,750 $ 2,100,309 $ 803,903 $ 335,334 $ 305,341 $ 164,604 $ 131,196 $ 103,715 $ 1,127,559 $ 591,980 $ 412,611 $ 372,716 $ 261,317 $ 287,924 $ 210,266 $ 95,078 $ 28,140 $ 251,797 $ 319,345 $ 546,409 $ 1,022,864 $ 253,656 $ 88,177
2013 Parochial Report
Normal Operating Income $ 330,418 $ 410,698 $ 161,167 $ 756,994 $ 1,989,469 $ 1,114,443 $ 301,322 $ 276,655 $ 238,521 $ 180,654 $ 314,114 $ 93,761 $ 219,750 $ 925,812 $ 803,903 $ 335,334 $ 305,341 $ 161,978 $ 114,236 $ 103,715 $ 1,127,464 $ 541,680 $ 366,421 $ 359,216 $ 261,317 $ 210,428 $ 210,266 $ 95,078 $ 28,140 $ 251,797 $ 311,923 $ 467,463 $ 966,542 $ 234,528 $ 88,177
Subtotal A (lines 3+4+5+6)
$
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2,953,079
Operating @10% 33,042 41,070 16,117 75,699 198,947 111,444 30,132 27,666 23,852 18,065 31,411 9,376 21,975 92,581 80,390 33,533 30,534 16,198 11,424 10,372 112,746 54,168 36,642 35,922 26,132 21,043 21,027 9,508 2,814 25,180 31,192 46,746 96,654 23,453 8,818 $
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
284,782
Capital @10% 7,010 240 192 1,898 40 4,890 1,030 375 538 117,450 263 1,696 10 5,030 4,619 1,350 7,750 742 7,895 5,632 1,913 -
$
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
2015 Apportionment
3,237,861
Total 40,051 41,070 16,357 75,699 199,139 113,343 30,172 32,556 24,882 18,065 31,787 9,914 21,975 210,031 80,390 33,533 30,534 16,460 13,120 10,372 112,756 59,198 41,261 37,272 26,132 28,792 21,027 9,508 2,814 25,180 31,935 54,641 102,286 25,366 8,818
Episcopal Diocese of Southwest Florida Exhibit A - Apportionment Calculation Clarification
The apportionment that each congregation pays to the Diocese of Southwest Florida for the support of the diocese and related activities of the diocese shall be calculated as the sum of two parts: 1) operating apportionment and 2) capital apportionment. The Parochial Report figures used as the basis for these calculations shall be from the report filed two years preceding the year in which the apportionment is due. For example: the 2014 apportionment is calculated using the data filed in the 2012 Parochial Report.
1) Operating Apportionment is calculated as 10% of the congregation's "Normal Operating Income", reported on SubTotal A of the Parochial Report. The 10% rate is the default for every year, however the percentage amount may be adjusted as a part of the annual budgeting process. Any exceptions to the rate for a particular year would be approved through the regular approval process of the diocesan budget for that year. 2) Capital Apportionment is calculated as 10% of the congregation's "Funds Received for Capital Projects", reported on Line 8 of the Parochial Report. These apportionment dollars are directed to the capital needs of the diocese and the support of new missions. The apportionment shall be paid on a regular monthly basis throughout the year unless other arrangements are made with approval of the Diocesan Council in advance.
Please refer to Exhibit B for apportionment calculation definitions as they relate to the Parochial Report
46th Annual Convention
33
Episcopal Diocese of Southwest Florida Exhibit B - Apportionment Definitions and Sources
Operating Income Apportionment
Capital Apportionment
34
We Have This Treasure ...
Episcopal Diocese of Southwest Florida Parochial Report Analysis 2012-2013
2012 13,237
Sunday Attendance
2012-2013 Change
2013 12,952
(285)
% Change -2%
$
9,065 20,100,263
$
9,183 20,415,185
$
118 314,922
1% 2%
$ $
24,890,796 876,211
$ $
24,897,348 811,886
$ $
6,552 (64,325)
0% -7%
$ $ $ $ $
3,337,997 425,997 29,531,001 329,857 29,860,858
$ $ $ $ $
3,208,429 613,125 29,530,788 338,924 29,869,712
$ $ $ $ $
(129,568) 187,128 (213) 9,067 8,854
$ $ $ $ $ $
2,249,715 2,037,383 4,280,562 631,694 9,199,354 39,060,212
$ $ $ $ $ $
2,847,820 3,079,060 3,737,057 726,488 10,390,425 40,260,137
$ $ $ $ $ $
598,105 1,041,677 (543,505) 94,794 1,191,071 1,199,925
27% 51% -13% 15%
$ $ $ $
2,986,429 693,433 26,313,178 29,993,040
$ $ $ $
2,944,517 801,231 26,413,961 30,159,709
$ $ $ $
(41,912) 107,798 100,783 166,669
-1% 16% 0%
1,788,972 3,570,658 69,086 804,376 6,233,092 36,226,132
$ $ $ $ $ $
1,723,015 3,180,938 107,811 981,110 5,992,874 36,152,583
$ $ $ $ $ $
(65,957) (389,720) 38,725 176,734 (240,218) (73,549)
-4% -11% 56% 22%
Subtotal Non-Operating Expenses (Subtotal F) Total Expenses (Total G)
$ $ $ $ $ $
Total Cash in Checking/Savings (Line 19) Total Investments at Market Value (Line 20) Total Debt
$ $ $
10,732,299 27,491,646 18,295,009
$ $ $
11,149,171 35,761,316 15,633,829
$ $ $
416,872 8,269,670 (2,661,180)
4% 30% -15%
(260)
-1%
Number of Signed Pledge Cards Total Dollar Amount Pledged Plate, Pledge and Regular Support (Line 3) Available for Operations From Investments (Line 4) Other Operating Income, Unrestricted/Restricted Gifts for Operations, Contributions from Congregation's Organizations (Line 5) Unrestricted Bequests used for Operations (Line 6) Normal Operating Income (Subtotal A) Assistance From The Diocese (Line 7) Total Operating Revenues (Subtotal B) Capital Funds (Line 8) Additions To Endowment (Line 9) Contributions for Outreach & Mission Programs (Line 10) Funds for Transmittal To Other Organizations (Line 11) Subtotal Non-Operating Revenues (Subtotal C) Total Revenues (Total D) Apportionment Paid To Diocese (Line 12) Outreach From Operating Budget (Line 13) All Other Operating Expenses (Line 14) Subtotal Operating Expenses (Subtotal E) Capital Improvement Expenditures (Line 15) Expenses for Congregation's Outreach and Mission (Line 16) Contribution to Episcopal Seminaries (Line 17) Funds Sent to Other Organization (Line 18)
Members
46th Annual Convention
31,207
30,947
-4% 44% 0% 3% 0%
13% 3%
1%
-4% 0%
35
