FINANCES

 

 

2016 Actual

INCOME

 

Pledge Income

130,872.00

Income from Investments

22,104.00

Income from Fundraising

1,526.00

Other Income

26,304.00

 

 

Total Income

180,806.00

 

 

 

 

 

 

EXPENSES

 

Staff Salaries and Benefits

76,743.00

Building expenses and utilities

33,085.00

Outreach Mission

2,251.00

Education and Worship

1,361.00

Other

57,071.00

 

 

Total Expenses

170,511.00

 

 

 

 

 

 

 

 

 

 

FINANCES

 

 

2017 Actual

INCOME

 

Pledge Income

129,706.00

Income from Investments

25,500.00

Income from Fundraising

5,492.00

Other Income

24,393.00

 

 

Total Income

185,091.00

 

 

 

 

 

 

EXPENSES

 

Staff Salaries and Benefits

49,365.00

Building expenses and utilities

37,902.00

Outreach Mission

1,154.00

Education and Worship

563.00

Other

69,863.00

 

 

Total Expenses

158,847.00

 

 

 

 

 

 

 

 

 

 

                                                                                                            St. Philip's Episcopal Church                                                                                             Page 1

      Prepared by Josie Jackson, Treasurer

 

 

2018 APPROVED BUDGET

 

 

LN

INCOME

2018 BUDGET

A

Fundraising

5,000.00

B

Plate Offering

1,000.00

C

Pledge Payments

113,450.00

D

ORGANIZATIONS

 

E

   Choir

500.00

F

   Men's Club

1,000.00

G

   Endowment

26,000.00

H

   UBE

500.00

I

Church School

10.00

J

Initial

150.00

K

Altar Flowers/Candles

150.00

L

Easter/Ash Wed

1,500.00

M

Thanksgiving

150.00

N

Christmas

1,500.00

0

Use of Building

1,000.00

P

Special Offerings & MDG (Restricted)

3,000.00

Q

Miscellaneous/Other

3,000.00

R

Transfers (Restricted)

20,000.00

S

Funeral (Restricted)

3,000.00

 

 

 

 

TOTAL INCOME

180,910.00

 

 

 

              Approved by Vestry November 13, 2017 Meeting

 

 

 

 

                                                     

                                                                                                                                                                                                                                      Page 2

 

 

 

                                                                                                                                                                                                                                         

                                                                                                    

LN

EXPENSES

2018 BUDGET

26

Fundraising

1,500.00

27

Diocesan Pledge

17,235.00

28

Church School

200.00

29

Special Offerings & MDG (Restricted)

3,000.00

29a

Deacon (Education)

800.00

29b

Deacon (Discretionary)

250.00

29c

Deacon (Mileage)

750.00

 

PRIEST'S PACKAGE

 

30

Cash Salary

26,897.00

31

Self Employment Tax

1,877.00

32

Mileage Reimbursement

4,600.00

33

Insurance

1,675.00

34

Pension

0.00

35

Continuing Education

1,000.00

35

Retirement Pay-Out

2,000.00

36

Rectory Renovations

5,000.00

37

Search Committee

7,500.00

38

Secretarial Services

8,600.00

39a

Organist Services

7,200.00

39b

Gospel Organist

0.00

40

Sexton Services

11,000.00

41

Supply & Visiting Clergy

1,200.00

 

MAINTENANCE

 

42

Church

5,000.00

43

Rectory

1,000.00

 

UTILITIES

 

44

Church

14,500.00

45

Rectory

3,000.00

 

TELEPHONE - INTERNET

 

46

Church

4,600.00

47

Rectory

200.00

48

Contracts - Building & Grounds

4,100.00

49

Altar - Candles

4,000.00

 

 

 

 

 

 

 

 

 

                                       Page 3

 

 

 

LN

EXPENSES Continued

2018 BUDGET

50

Audit/Paychecks

3,500.00

 

Office Machines

5,000.00

 

Postage/Paper/Copy Supply

2,000.00

51

INSURANCE

4,000.00

 

REPAIRS

 

52

Church

10,750.00

53

Rectory

500.00

54

 

 

 

PAYROLL TAX

 

55

Payroll Tax Withholding Expense

3,000.00

 

 

 

 

CAPITAL IMPROVEMENTS

 

56

Church

0.00

57

Rectory

0.00

58

Graduate Mass

200.00

59

Picnic

600.00

60

Funeral Expense

3,000.00

61

Diocesan Convention

1,000.00

62

Receptions/Meetings

500.00

63

Special Church Services

400.00

64

Acolytes

250.00

65

Stewardship

450.00

66

Youth Ministries (Incl.EYC)

150.00

67

Religious/Christian Education Supplies

1,000.00

68

Inspections, Licenses & Fees

150.00

69

Transfer to RESTRICTED & SPECIAL

0.00

70

Other Miscellaneous ****

3,000.00

71

Growth & Development [1.3%]

2,351.00

 

CHURCH EQUIPMENT

 

72

XXXXX

 

 

ORGANIZATIONAL MEMBERSHIP

 

73

Network of Religious Communities

425.00

74

XXXXX

 

 

 

 

 

TOTAL EXPENSE

180,910.00