1. CHRIST CHURCH GREENWICH 2016 Financial Report
January 22, 2017

2. Discussion Topics 2016 Financial Accomplishments
Review of 2016 Results
Financial Objectives – 2017 and Beyond
Conclusions

3. Key Financial Accomplishments
Operations –
2016 was the 6th consecutive break-even + year
Improved financial management with new finance and operations director
Capital Campaign –
Raised $10 million
Completed $8 million renovation on budget & on time

4. Key Financial Accomplishments Cont’d
Endowment
Formed Endowment Commission (EC)
Engaged Fiduciary Trust to advise EC on investments
Vestry approved EC recommendation to reduce endowment debt and draw
EC implementing UPMIFA best practices

5. Financial Results – Snapshot $ in 000’s
2016
2017 Budget
Income
$ ,347.0
$ ,329.0
Expenses
Programs $ $
Operating
$ ,913.0
$ ,946.0
Total Expenses
$ ,345.0
$ ,328.0
Net Income $ $

6. 2016 Income - $2,347,000

7. 2016 Expenses - $2,345,000

8. Income and Expense Trends

9. What are our priorities?

10. Financial Objectives – 2017 and Beyond
Increase overall parishioner income
Enhance stability and growth of endowment
Develop and implement the next phase of the capital projects plan
Develop capital budget
Develop plan for best use of buildings and property

11. Conclusions We have successfully: Eliminated operating deficits
Restored our campus
Going forward, we want to:
Generate more income to fund programs and operations
Develop a stable funding source for capital projects

12. Thank you for your support