2014 End of Year Report

Series: Minutes

St. Paul's 2014 Year-End Report
  Budget Actual YTD Budget:Actual Notes
REVENUES        
Loose Plate Offering 14,000 11,489 (2,511)  
Pledge Receipts  51,000 56,883 5,883  
Non Pledging Contributors 11,000 17,316 6,316  
Parish Gatherings 400 192 (208)  
Wedding Income 1,500 425 (1,075)  
Events Contributions 5,500 2,827 (2,673)  
Flower Collections 1,000 241 (759)  
Emergency and Disaster Relief 0 0 0  
Unrestricted Memorials/Donations 0 0 0  
Restricted Memorials/Donations 0 0 0  
Other Income <$200 0 1,639 1,639  
Other Income >$200 0 1,127 1,127  
One-time Withdrawal from Wells Fargo 6,917 6,917 0  
Total Operating Revenues  $91,317 $99,056 $7,739  
         
Bank Balances as of December 31, 2014
All Operating Funds Accounts    $35,270
Reserve Account   $1,482,303
                                              YTD Gross Earnings: $89,026  
                                                    YTD Withdrawal: $75,000  
                                                   YTD Net Earnings: $14,026  
  Budget Actual YTD Budget:Actual
Grand Total Expenses $192,423 $172,567 ($19,856)
Grand Total Income $91,317 $99,056 $7,739
Unsupported Net Revenues  (Shortfall) ($101,106) ($73,511) $27,595
Support from Endowment $100,000 $75,000 ($25,000)
Net Revenues (Shortfall) ($1,106) $1,489 $2,595
EXPENSES  Budget Actual YTD Budget:Actual Notes
Rector:         
Rector's Salary (Stipend)  39,375 38,994 (381) Beginning April 1, 2014
Rector's Housing Allowance 9,000 9,206 206  
Rector's Utilities 1,125 1,125 0  
Health Insurance  6,000 180 (5,820)  
Rector's SECA (self-employment tax) 3,800 3,789 (11)  
Rector Contingency 6,850 1,570 (5,280)  
Rector's Search Expenses  2,500 3,178 678  
Rector's Moving Expenses 7,500 14,590 7,090  
Total Rector  $76,150 $72,632 ($3,518)  
 
Interim Rector:       
Interim Rector's Salary (Stipend)  2,481 2,481 0 one month
Interim Rector's Housing Allowance  1,400 1,400 0  
Interim Rector's Pension  882 882 0  
Interim Rector's Health Insurance  667 667 0  
Interim Rector's Social Security  348 348 0  
Interim Rector's Travel Expenses  220 220 0  
Total Interim Rector  $5,998 $5,998 $0  
 
Lay Employee Salaries & Benefits:         
Church Secretary Salary  8,500 6,791 (1,709)  
Sexton's Salary  6,650 4,652 (1,998)  
House Keeper  3,500 3,074 (426)  
IMSS (Social Security)  4,000 3,849 (151)  
Payroll Taxes  2,000 1,279 (721)  
Employee Benefits & Severance  1,376 0 (1,376)  
Retired Employee Benefit  1,250 1,124 (126)  
Total Lay Employee Salaries & Benefits  $27,276 $20,769 ($6,507)  
 
Church and Buildings:         
Gardening  75 0 (75)  
Maintenance  1,500 1,023 (477)  
Unbudgeted Building Improvements 0 2,974 2,974 sound, recorder, router,wifi,projector
Church Utilities  4,100 2,801 (1,299)  
Kitchen and Supplies  1,250 1,020 (230)  
Electrical Work  75 59 (16)  
Total Church and Buildings  $7,000 $7,877 $877  
  Budget Actual YTD Budget:Actual Notes
Professional Services:        
Legal 3,500 1,225 (2,275)  
Accounting 750 278 (472)  
External Audit 820 788 (32)  
Total Professional Services $5,070 $2,291 ($2,779)  
General & Administrative:         
Website Renewals 870 671 (199)  
Church Windows Support 330 330 0  
Office Supplies  750 744 (6)  
Postage and Shipping  350 163 (187)  
Bank Charges  1,000 1,328 328  
Copier Rental 2,700 3,489 789 rental + purchase of copier
Church Telephones & Internet Service  2,500 2,024 (476)  
Rector's Phones & Internet 975 102 (873)  
Travel 1,000 500 (500) Sinodo
Rector's Business & Travel 1,500 585 (915)  
Publications 200 0 (200)  
Miscellaneous Administrative  0 0 0  
Total General & Administrative $12,175 $9,936 ($2,239)  
Christian Formation:        
Sunday School 300 0 (300)  
Youth 500 0 (500)  
Adult  0 92 92  
Total Christian Formation $800 $92 ($708)  
Internal Programs:         
Choir Expenses  50 0 (50)  
Choir Director  2,912 2,575 (337)  
Organist  2,592 2,337 (255)  
Altar Guild  800 536 (264)  
Flowers  500 189 (311)  
Receptions & Special Events 800 247 (553)  
Communication & Publicity  2,600 2,672 72 Atencion full year
Stewardship  200 178 (22)  
Retreats  0 0 0  
Newsletter  0 0 0  
Total Internal Programs  $10,454 $8,734 ($1,720)  
  Budget Actual YTD Budget:Actual Notes
Outreach:         
Discretionary Funds Spending  3,600 2,624 (976)  
Centro Infantil Support  11,250 11,248 (2)  
Feed the Hungry Support 11,250 11,248 (2)  
Support for new SMA Ministry TBD 2,000 0 (2,000)  
Diocesan Assessment 17,500 17,500 0  
Special Offerings to Diocese  0 0 0  
Medical Aid and Closet Expenditures  200 84 (116)  
Care Committee  200 0 (200)  
Prayer Shawl Ministry  200 194 (6)  
Mattress Project  200 162 (38)  
Emergency Relief Expenditures  1,100 550 (550)  
Other Outreach  0 628 628  
Scholarships 0 0 0  
Total Outreach  $47,500 $44,238 ($3,262)