1. REPORT OF THE TREASURER OF THE DIOCESAN TRUSTEES
136TH Council of the Diocese of the Northeast & Mid-Atlantic of the Reformed Episcopal Church
November 3 & 4, 2016
St. Stephen’s, Eldersburg, MD

2. NEMA Financial Review 2013 through September 30, 2016
Financial Position
Statement of Ordinary Activities
Operating Budget & Account
2017 Proposed Operating Budget

3. NEMA Financial Position – Assets

4. NEMA Financial Position – Assets

5. NEMA Financial Review Current Asset Allocation The Strategic Solution
Too heavy in mortgages, a source of fixed income
Current investment account focus is on interest & dividends at “low risk”
The Strategic Solution
Convert mortgages to other asset classes for investment
Implement a growth-oriented investment strategy
Short-term actions possible while strategy is in development
Jesus the Good Shepherd – Sale in process for December 1, 2016 after 3 delays
Asset reallocation in Fidelity investment accounts – On hold until JGS sale closes, NEMA Strategic Investment Plan is developed & NEMA is able to assume mortgage administration

6. NEMA Financial Position – Assets

7. NEMA Financial Position – Assets

8. NEMA Activities – Revenue

9. NEMA Activities – Expenditures

10. NEMA Activities – Net Change in Assets

11. NEMA Activities – Net Change in Assets

12. NEMA Operating Budget Account Receipts

13. NEMA Operating Budget Account Expenditures

14. NEMA Operating Budget Account Receipts

15. NEMA Operating Budget Account Receipts in Excess of Expenditures

16. NEMA Operating Budget Account Expenditures

17. 2017 Recommended Budget Diocesan Operation - Receipts

18. 2016 Recommended Budget Diocesan Operation – Disbursements

19. 2016 Recommended Budget Diocesan Operation – Disbursements