The Light of Christ Treasurer’s Report 2016 Annual Parish Meeting

But this I say: He who sows sparingly will also reap sparingly, and he who sows bountifully will also reap bountifully. 2 Corinthians 9:6

2015 Operating Budget Highlights Revenue Exceeded Expenses by over $2,700 Pledge income under budget -$ 189,356 One time insurance dividend $ 21,190 Salaries below budget due to staff departures $ 21,313 Suspended bookstore operations $ 26,517 Sabbatical not taken $ 7,000

Stewardship

So let each one give as he purposes in his heart, not grudgingly or of necessity; for God loves a cheerful giver. 2 Corinthians 9:7

2015 Major Fund Activity Rectory Fund Outreach Fund General Reserve January 1 Balance $ 867,597 $43,000$110,500 Receipts Consolidation of Cape Cod $228,381 Investment Gains/losses -$7,155 Endowment Draw $3,975 May Fair Proceeds $107,268 Disbursements Logan Road Rectory Deposit $165,000 St. Mark’s Allocated Outreach $60,000 Outreach Grants $46,140 December 31 Balance $923,833 $48,103$110,500

General Endowment Growth

And God is able to make all grace abound toward you, that you, always having all sufficiency in all things, may have an abundance for every good work. 2 Corinthians 9:8

2016 Projected Income

2016 Projected Expenses Increase Over 2015 Health Insurance Fill Vacant Clergy Position Full Year Church School Director Salary Increase

As it is written: “He has dispersed abroad, He has given to the poor; His righteousness endures forever.” 2 Corinthians 9:9

Empower the Parish Over $5,000,000+ pledged, $3,000,000+ received – 208 Households contributed

Empower the Parish Architect selected for Center of Ministry – Tai Soo Kim Partners of Hartford, Connecticut – Cost estimates due soon

Now may He who supplies seed to the sower, and bread for food, supply and multiply the seed you have sown and increase the fruits of your righteousness, while you are enriched in everything for all liberality, which causes thanksgiving through us to God. 2 Corinthians 9:10-11

Empower the Parish We bought a rectory! – 89 Logan Road was purchased for $1,650,000 $130,000 improvements made – We are paying down the $1,000,000 five year loan and will likely pay it off early – $1,000,000 Rectory Endowment nearly funded – Rector and family are very happy!

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.