ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA Financial Best Practices October 5th, 2013 Clergy – Laity Conference

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA Overview Challenges - Need for Change Team Commitment Best Practices Recommendations – Next Steps

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA Parish Goals Excellent Attendance and Participation in Sacraments Enthusiastic Participation in Activities and Ministries of the Parish Enthusiastic volunteering of time and talents Number and spiritual growth of the parish

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA Parish Committees Stewardship House and Grounds Finance Food Festival Technology Website Ecclesiastical Book Store Youth Support Greek School Contracts / Legal / Church by Laws

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA Financial Systems Transparency Outsource Financials Basic Accounting Principles YoY/ QoQ /MoM/ Reporting Financial Organization and Roles Financial System – QuickBooks Non Profit Audit Procedures

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA Finance Committee Examine systems for efficiencies/Modifications Solicit expert opinion regarding money market funds Examine cost cutting strategies Establish Financial Guidelines/Protocols Give Guidance for Church Ministry Accounts Establish Checks and Balances Perform Audit Procedures Provide updates to General Assembly

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA 2012 Stewardship

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA 2011 Stewardship Goals

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA Snow Removal Fund

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA Sample Food Festival

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA Profit &Loss 2012 Revenue $550,859 Expenses $592,661 Net Income ($41,792) ______ Stewardship $110, Revenue $488,589 Expenses$477,135 Net Income $11,454 ______ Stewardship $126,180

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA Fundraisers 2010 Revenue $41,616 Expenses $16,265 _____ Profit $25,351 * Excludes Food Festival 2012 Revenue $48,912 Expenses$21,301 ______ Profit $27,611

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA House and Grounds Improvement * Full Time Janitor ** To Date *** Ending 10/31/11

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA House and Grounds

ANNUNCIATION GREEK ORTHODOX CHURCH BROCKTON MA Projected Savings Energy Plan $25,000 value of fixtures, lightings, Motion Sensors (interior and exterior) $6,500 cost to the church – Payable in 24 months interest fee. Annual Savings of $3, Years the program will pay for itself!