1. St. Peter’s by-the-Sea Annual Meeting January 29, 2017

2. During 2017
A finance committee of 4 persons was formed by Roxanne and Fr. Craig to meet monthly to discuss financial issues.
The finance committee makes recommendations to the vestry.
Bank and investment accounts have been consolidated where appropriate for ease of tracking monies.

3. Actual 2016:
Total income was
$424,468
Total Expenses were
$409,383

4. Yielding a surplus of
$15,449

5. What makes up St. Peter’s finances?
Community Market
$50,000
Pre –School
$90,000
Operating Budget
$424,468

6. Annual Meeting 2017 The Community Market’s budget includes;
The cost of food
½ the Director of Ministries’ Salary and Benefits

7. Annual Meeting 2017 The Community Market is funded by:
Donations by the community
Donations by St. Peter’s above and beyond our pledges
Community grants

8. Annual Meeting 2017 The Pre-School Budget of $90,000 Includes:
Salary and Benefits for the Director
Salaries for the teachers.
$4500 to defray the costs of the building

9. Annual Meeting 2017 The Pre-School’s budget of $90,000 is paid for by:
Tuition payments
Fund raising performed by the Pre-School parents

10. The Operating Budget Covers:
Rector’s Salary and Benefits
Parish Administrator’s Salary and Benefits
Sexton’s Salary
½ the Director of Ministries’ Salary and Benefits
Musician’s Salary and Benefits

11. The Operating Budget Covers:
All costs to maintain the buildings and grounds
Lawn care
Plowing
Upkeep (i.e. painting, minor repairs, etc.)

12. The Operating Budget Covers:
Utilities
Electricity
Gas
Oil
Water
Internet
Phone

13. The Operating Budget Covers:
Office supplies
Paper
Staples
Copier
Cleaning supplies
Etc.

14. The Operating Budget Covers:
Copyright permissions for music
Costs for musicians at Christmas and Easter
Supply Clergy
Website upkeep
- Altar Supplies

15. The 2017 Budget PLEDGE INCOME $285,303 Projected income total $392,883
Investment income $ 63,000
Non-pledged windfall 3,000
Plate offering ,080
“Other income” 3,500
PLEDGE INCOME $285,303

16. $432,538 $39,655 The 2017 Budget Which is a projected deficit of
Total Expenses are projected to be
$432,538
Which is a projected deficit of
$39,655

17. The 2017 Budget vs 2016 Actual Income is projected to decrease $31,585
Expenses are projected to increase $23,519
BUT
Income is projected to decrease $31,585
**We know that $15,000 is a result of a pledge from one person who has since fell ill

18. There are roughly 150 pledging units to St. Peter’s
The 2017 Budget
There are roughly 150 pledging units to St. Peter’s

19. The 2017 Budget
Our deficit of $39,655 can be solved by increasing your pledge by $5.09
BUT
We can solve our deficit and begin to build a building and grounds endowment by increasing your pledge by $9.13

20. $9.13 A cup of coffee and muffin A glass of wine A martini
A beer with a friend

21. The 2017 Budget
Why the increase in expenses, and what about next year?
Payroll: all staff wages are up to Federal guidelines for salaried employees, and we are proud of our wages
Apportionment: an increase that we cannot change: 16.5% to the diocese

22. The 2017 Budget Why the decrease in income?
Loss of one large annual pledge (due to illness)
Many parishioners did not maintain the increase in their pledge an average to cover last year’s budget gap.
Many parishioners who do not pledge (we cannot guess how much you will give)

24. $9.13