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St. George's Episcopal
Church |
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Historical Summary of
Income & Expense |
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(000's) |
2004 |
2005 |
2006 |
2007 |
08 Budget |
Projected |
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Income |
554.1 |
613.7 |
594.0 |
605.2 |
581.3 |
561.3 |
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Funded Overspend to
balance budget |
4.0 |
0.0 |
20.0 |
29.7 |
0.0 |
0.0 |
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Total Income |
558.1 |
613.7 |
614.0 |
634.9 |
581.3 |
561.3 |
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Parish |
142.2 |
178.9 |
165.8 |
177.3 |
192.8 |
189.5 |
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Personnel |
352.3 |
369.6 |
380.2 |
378.6 |
304.3 |
272.9 |
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Building & Maintenance |
59.3 |
64.7 |
66.7 |
79.0 |
121.6 |
126.9 |
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Misc. |
0.3 |
0.3 |
0.6 |
0.0 |
0.0 |
0.1 |
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Total Expenses |
554.1 |
613.5 |
613.3 |
634.9 |
618.7 |
589.4 |
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Excess Income/Expense |
4.0 |
0.3 |
0.7 |
0.0 |
(37.4) |
(28.1) |
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Without Transfer |
(0.0) |
0.3 |
(19.3) |
(29.7) |
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Memo: Pledges |
455.0 |
449.9 |
469.0 |
477.0 |
470.0 |
446.9 |
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Spending as % of Income |
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Parish |
Personnel |
Building/Maint |
Total |
Income |
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2004 |
25% |
63% |
11% |
99% |
558.1 |
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2005 |
29% |
60% |
11% |
100% |
613.7 |
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2006 |
27% |
62% |
11% |
100% |
614.0 |
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2007 |
28% |
60% |
12% |
100% |
634.9 |
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2008 |
33% |
52% |
21% |
106% |
581.3 |
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Projected 2008 |
34% |
49% |
23% |
105% |
561.3 |
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Key Messages: |
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Over the past five
years, St. Georges has
seen giving-pledges
relatively flat to
declining while expenses
continue to trend higher |
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Costs are fairly fixed -
approximately 70% is
Personnel + Building &
Maintenance |
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Building & Maintenance
reflect increase in
2008, but actually is a
savings: |
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In 2007 Maintenance
staff was eliminated
while Alpha/Omega was
brought online. Netting
a savings of approx
$5,000 annually |
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In 2008 there has been
solid progress to
improve financial health
with emphasis on savings
and creative use of
resources |
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Key Savings Realized
this year are roughly
$12,000 stated on an
annualized basis,
$31,000 |
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Savings realized are
from: Cheaper bulletins
& lectionaries,
Elimination of
Alpha/Omega overtime,
Lower insurance,
Personnel savings,
closed on Fridays |
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Other Ideas for
potential savings or
ways to generate more
income? We welcome your
thoughts and
suggestions. |
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