Thursday, January 19, 2017

---

CHRIST CHURCH 2017 MINISTRY BUDGET

% BUD APPROVED INCR/ BUDGET DECR 2017 2017

Thursday, January 19, 2017

INCOME ============ Parish Giving

($) [A]

Plate Collections Endowment Income 5.00% Draw Expected Gifts and Bequests

[N]

CCEP Transfer Transfer from Restricted Funds

(%)

Green Show, U.T.O., Thanks, Xmas, Easter

BUDGET 2016 ($)

ACTUAL Y-T-D DEC. 2016

$ VAR ACTUAL TO BUDGET

2016

($)

% VAR ACT TO BUD 2016

($)

(%)

PRIOR INCOME INCOME OFFSET YEAR OFFSET GIFTS & BEQ/ ACTUAL ENDOW TEMP RESTR 2015 BUD 2017 BUD 2017 ($)

($)

(3,081)

100.22%

1,377,101

20,557

2,443

89.38%

25,415

402,000

390,000

12,000

97.01%

391,000

75,172

75,332

100.21%

77,611

3.63%

120,000

120,000

100.00%

119,350

24,000 -11.11%

27,000

48,000

(21,000)

177.78%

21,500

129,700 27.53%

101,700

109,274

(7,574)

107.45%

120,768

1,452,129

4.03%

1,395,870

1,398,951

23,000

0.00%

23,000

414,000

2.99%

65,172 -13.30% 124,355

[B]

APPROVED

Approved per Vestry 1/19/17

(160) 0

($)

(414,000) (65,172)

(24,000)

Rental & Miscellaneous Income

[C]

22,800

3.17%

22,100

9,181

12,919

41.54%

47,043

Contingency Fund Draw

[M]

0

0.00%

16,800

11,902

4,898

0.00%

0

2,255,156

3.27%

2,183,642

2,183,197

445

99.98%

2,179,788

306,487 -2.92% 134,700 32.45%

315,696 101,700

304,852 109,274

10,844 (7,574)

96.57% 107.45%

308,337 120,768

441,187

5.70%

417,396

414,126

3,270

99.22%

429,105

0

0

189,344 -8.38%

206,656

202,736

3,920

98.10%

209,668

89,424

17,000

(35,759)

102.70%

1,269,603

179,335

48,172

TOTAL INCOME ============ MISSION ============ A. Outreach 1) To Outreach from Budget 2) Passthroughs to Outreach Sub-total Outreach B. Parish Programs C. Administration D. Buildings and Property TOTAL EXPENSES INCOME LESS EXPENSES

(414,000)

(89,172)

1,385,775

4.52%

1,325,792

1,361,551

238,850

2.20%

233,700

204,784

28,916

87.63%

265,064

145,241

24,000

2,255,156

3.28%

2,183,544

2,183,197

347

99.98%

2,173,440

414,000

89,172

98

0

98

6,348

0

0

0

[A] Projected Pledges adjusted from initial 7% Stewardship ask [B] Needs Vestry approval - [Memorial Gardens = $7,500] & [Endowment Contribution in restricted funds, 4.5% draw = $16,500] [C] Squirrel Run = $22,800 [4 mos. X 1,500 + 8 mos. X 2,100] [M] Excess operating surplus carryover applied to next year [N] Decrease Expected Gifts by $10,000 for Jessie Ball grant non-renewal in 2017

Page 1

CHRIST CHURCH 2017 MINISTRY BUDGET

% BUD APPROVED INCR/ BUDGET DECR 2017 2017 ($) A. OUTREACH =================== Budgeted Parish Giving Outreach Allocations (undesignated)

(%)

APPROVED

BUDGET 2016 ($)

ACTUAL Y-T-D DEC. 2016

$ VAR ACTUAL 2016

% VAR ACT TO BUD 2016

($)

(%)

TO BUDGET

($)

Approved per Vestry 1/19/17

PRIOR INCOME INCOME OFFSET YEAR OFFSET GIFTS & BEQ/ ACTUAL ENDOW TEMP RESTR 2015 BUD 2017 BUD 2017 ($)

83,969 4.95% 0 -100.00% 6,500 -53.44% 10,000 -28.57%

80,010 13,959 13,959 14,000

80,010 13,959 3,115 14,000

0 0 10,844 0

100.00% 100.00% 22.32% 100.00%

80,579 13,357 13,180 4,800

100,469 -17.60%

121,928

111,084

10,844

91.11%

111,916

206,018

6.32%

193,768

193,768

0

100.00%

196,421

Total Outreach from Budget

306,487 -2.92%

315,696

304,852

10,844

96.57%

308,337

Unbudgeted Giving (Passthroughs) Thanksgiving * Green Show * Christmas * Easter * United Thank Offering*

2,500 0.00% 105,000 45.83% 15,000 0.00% 7,200 0.00% 5,000 0.00%

2,500 72,000 15,000 7,200 5,000

2,162 72,000 18,392 10,643 6,077

338 0 (3,392) (3,443) (1,077)

86.48% 100.00% 122.61% 147.82% 121.54%

2,429 88,000 16,177 9,132 5,030

Total Passthroughs

134,700 32.45%

101,700

109,274

(7,574)

107.45%

120,768

441,187

417,396

414,126

3,270

99.22%

429,105

Outreach Allocations (designated for MDG)

Theological Education Clergy Discretionary Fund

(S)

Sub-total: Diocesan Contribution

TOTAL OUTREACH

(E)

5.70%

*Projected Amounts [E] 2017 Budget - Minimum 10.8% = $206,018, Fair Share 14.3% = $272,783; 2016 Budget - Minimum 10.8% = $193,768, Fair Share 14.3% = $256,563 [S] Combined with Parish Giving to Outreach as MDG project concluded

Page 2

($)

0

($)

0

CHRIST CHURCH 2017 MINISTRY BUDGET

% BUD APPROVED INCR/ BUDGET DECR 2017 2017 ($) B. PARISH PROGRAM MINISTRY ============= Adult Christian Enrichment ACE Program Visiting Theologians & Guests Sub-total Adult Christian Enrichment Children and Youth Enrichment Children's Ministry Youth Ministry J2A Pilgrimage Sub-total Children and Youth Enrichm ent

(%)

APPROVED

BUDGET 2016 ($)

ACTUAL Y-T-D DEC. 2016

$ VAR ACTUAL 2016

% VAR ACT TO BUD 2016

($)

(%)

($)

TO BUDGET

($)

Approved per Vestry 1/19/17

PRIOR INCOME INCOME OFFSET YEAR OFFSET GIFTS & BEQ/ ACTUAL ENDOW TEMP RESTR 2015 BUD 2017 BUD 2017 ($)

5,800 -14.71% 4,000 -11.11% 9,800 -13.27%

6,800 4,500 11,300

1,009 7,594 8,603

5,791 (3,094) 2,697

14.84% 168.76% 76.13%

2,327 6,817 9,144

5,800 4,000

7,225 -6.47% 6,450 -7.19% 0 -100.00% 13,675 -9.88%

7,725 6,950 500 15,175

6,805 6,942 0 13,747

920 8 500 1,428

88.09% 99.88% 0.00% 90.59%

7,475 7,744 500 15,719

5,314

-20.41%

9,000 2,500 750 12,250

6,708 986 112 7,806

2,292 1,514 638 4,444

74.53% 39.44% 14.93% 63.72%

11,621 2,227 205 14,053

0.00%

6,700

11,538

(4,838)

172.21%

10,143

95,444 0.54% 0 6,475 0.00% 500 0.00% 4,500 4.65% 4,000 -20.00% 4,250 -19.05% 2,500 0.00% 12,000 0.00% 129,669 -2.86%

94,932 0 6,475 500 4,300 5,000 5,250 5,024 12,000 133,481

95,325 0 6,490 0 2,525 5,275 8,041 4,373 13,550 135,579

(393) 0 (15) 500 1,775 (275) (2,791) 651 (1,550) (2,098)

100.41% 100.23% 0.00% 58.72% 105.50% 153.16% 0.00% 112.92% 101.57%

77,595 14,000 8,605 875 2,600 14,462 10,687 0 10,520 139,344

7,000 -30.00% 2,750 0.00% 0 -100.00% 10,000 0.00% 19,750 -28.83% 189,344 -8.38%

10,000 2,750 5,000 10,000 27,750 206,656

5,635 2,750 7,354 9,724 25,463 202,736

4,365 0 (2,354) 276 2,287 3,920

56.35% 100.00% 0.00% 0.00% 91.76% 98.10%

15,765 5,500 0 0 21,265 209,668

($)

Fellowship & Pastoral Care Parish Community/Receptions Newcomers'/Evangelism Pastoral Ministries Su b -to tal Fello w sh ip an d Pasto ral Care

Worship and Music Worship Supplies & Expenses Music: Choir Salaries Owen - Sabbatical [F] Supplies & Expense Junior Choir Supplies & Expense Tuning, Maint. of Organ Guest Musicians (Liturgy) Concert Series Support (Non-liturgical) Concert Series Support (Choir Concerts) Easter & Christmas Musicians Sub-total Music Other Stewardship Consortium for Endowed Parishes Director of Music - Relocation Expenses Ministry Development [H] Sub-total Other TOTAL PARISH PROGRAM [Q] ===================

8,500 750 500 9,750 6,700

-5.56% -70.00% -33.33%

[F] Owen - Sabbatical - Vestry approved $16,000 expenditure in 2015; $2,000 in staff development, balance from Rector's Woolard Fund [H] Partially funded by Lydia Chichester du Pont Endowment [Q] Rector reductions to Program $8,500 from ACE, C&Y, PL, Music, Stewardship, and Ministry Development

Page 3

5,000 59,946 500 925 4,000 4,250 1,750 12,000

500 2,439 89,424

17,000

CHRIST CHURCH 2017 MINISTRY BUDGET

% BUD APPROVED INCR/ BUDGET DECR 2017 2017 C. ADMINISTRATION =============== Staff ------------------Salaries Clergy Ben. (Pen., Ins., Auto.) Staff Ben.(Hosp/Dis/Life, Etc.) Soc. Sec. Taxes (Clergy/Staff) Staff Development Lay Ministries Development Clergy Professional Expenses

($)

[I] [J]

Defined Benefit Plan Pension Contribution Lay Pension Funds (ER-5%;EE match-4%)

Sub-total Staff

Office ------------------Telephones Computer Expenses Computer Cloud Migration Project Postage Equipment Contracts Operating Supplies & Expenses Merchant & Bank Fees Sub-total Office Risk Management ------------------Accounting & Legal Expenses Insurance Sub-total Risk Management

[R] [O]

[P]

Communications ------------------Website Communications Sub-total Communications TOTAL ADMINISTRATION =====================

[R]

(%)

APPROVED

BUDGET 2016 ($)

ACTUAL Y-T-D DEC. 2016

$ VAR ACTUAL 2016

% VAR ACT TO BUD 2016

($)

(%)

TO BUDGET

($)

Approved per Vestry 1/19/17

PRIOR INCOME INCOME OFFSET YEAR OFFSET GIFTS & BEQ/ ACTUAL ENDOW TEMP RESTR 2015 BUD 2017 BUD 2017 ($)

763,147 112,997 179,929 80,723 8,500 0 6,500 0 39,251 1,191,047

756,827 113,395 181,919 79,983 9,429 0 6,794 26,913 41,061 1,216,321

6,320 (398) (1,990) 740 (929) 0 (294) (26,913) (1,810) (25,274)

99.17% 100.35% 101.11% 99.08% 110.93% 0.00% 104.52% 0.00% 104.61% 102.12%

745,085 77,504 156,353 77,744 9,073 716 6,836 19,962 35,120 1,128,393

12.65%

3,000 14,365 0 6,500 15,000 25,000 11,500 75,365

2,335 12,066 0 9,533 13,099 33,215 13,141 83,389

665 2,299 0 (3,033) 1,901 (8,215) (1,641) (8,024)

77.83% 84.00% 0.00% 146.66% 87.33% 132.86% 114.27% 110.65%

4,345 11,165 0 6,278 15,115 29,235 13,587 79,725

25,000 5.93% 35,269 10.22% 60,269 8.40%

23,600 32,000 55,600

27,710 30,577 58,287

(4,110) 1,423 (2,687)

117.42% 95.55% 104.83%

23,601 34,244 57,845

2,580 0.00% 2,900 141.67% 5,480 44.97%

2,580 1,200 3,780

2,580 974 3,554

100.00% 81.17% 94.02%

2,449 1,191 3,640

1,325,792

1,361,551

102.70%

1,269,603

759,523 134,790 172,119 82,106 9,500 0 6,500 30,000 40,588 1,235,126

-0.47%

2,700 13,500 12,200 8,500 12,000 28,000 8,000 84,900

-10.00%

1,385,775

19.29%

-4.34% 1.71% 11.76%

0.00% 0.00% 0.00% 3.41% 3.70%

-6.02% 0.00%

30.77% -20.00% 12.00% -30.43%

4.52%

0 226 226 (35,759)

[I] A 3% increase, with an effective rate of 2.88% [J] Includes Medicare Supplement Insurance for retirees [O] $6,300 One time costs; CCEP estimate $2,400 not in Cost Allocation [R] Rector reduction $1,000 from Computer Equipment Purchase

($)

179,335

($)

48,172

[P] Includes additional premium each of $750 for 3M Umbrella coverage increase from 1M to 4M and $1,519 for Earthquake coverage

Page 4

CHRIST CHURCH 2017 MINISTRY BUDGET

% BUD APPROVED INCR/ BUDGET DECR 2017 2017 ($)

(%)

APPROVED

BUDGET 2016 ($)

ACTUAL Y-T-D DEC. 2016

$ VAR ACTUAL 2016

% VAR ACT TO BUD 2016

($)

(%)

TO BUDGET

($)

Approved per Vestry 1/19/17

PRIOR INCOME INCOME OFFSET YEAR OFFSET GIFTS & BEQ/ ACTUAL ENDOW TEMP RESTR 2015 BUD 2017 BUD 2017 ($)

($)

($)

D. BUILDINGS AND PROPERTY ==================== Repairs & Maintenance Church Parish House & Chapel Rectory Squirrel Run Sexton's Residence

15,500 22,500 4,000 3,500 2,000

-13.89% -10.00% -33.33% -30.00% -20.00%

18,000 25,000 6,000 5,000 2,500

15,189 33,886 2,003 1,472 2,528

2,811 (8,886) 3,997 3,528 (28)

84.38% 135.54% 33.38% 29.44% 101.12%

18,160 28,340 4,629 3,842 2,225

TOTAL REPAIRS & MAINTENANCE

47,500 -15.93%

56,500

55,078

1,422

97.48%

57,196

22,000 0 1,000 85,000 6,000 500 15,000 1,850 60,000

242.91%

20,000 0 2,000 98,500 12,000 500 18,000 1,500 24,700

25,000 0 2,000 85,067 4,511 1,899 16,571 1,758 12,900

(5,000) 0 0 13,433 7,489 (1,399) 1,429 (258) 11,800

125.00% 0.00% 100.00% 86.36% 37.59% 379.80% 92.06% 117.20% 52.23%

27,273 0 0 96,933 12,511 (9) 19,485 1,675 50,000

238,850

2.20%

233,700

204,784

28,916

87.63%

265,064

145,241

24,000

2,255,156

3.28%

2,183,544

2,183,197

347

99.98%

2,173,440

414,000

89,172

98

0

98

6,348

0

0

Roads & Grounds Cleaning Service Fire Co. Contrib. & Security Gas, Electricity, Water, Oil Truck, Tractors, Etc. Equipment & Improvements Supplies - General Dues: East Buck Road Association Capital Expenditures Fund Transfer

[K]

TOTAL BUILDINGS AND PROPERTY TOTAL EXPENDITURES ================= INCOME LESS EXPENSES

[L]

0

10.00%

0.00%

-50.00% -13.71% -50.00%

0.00%

-16.67% 23.33%

[K] Estimated Capital Expenditures Fund Transfer in 2017 = $60,000; Allocation for future years projected at $80,000 to $100,000 per year [L] Target Goal of 2% Reserve Transfer of Excess Net Income to Contingency Fund

Page 5

15,500 1,000

7,500