Eunice Key
The financial documentation for St. Peter’s was converted to an automated accounting software program (ChurchTrac) on January 1, 2017.
Below is a recap of financial assets and page 2 includes the 2017 annual operating budget.
| FUND DESCRIPTION | END OF YEAR BALANCE | SPECIAL NOTATIONS | ||
|---|---|---|---|---|
| General Checking Account/Fund | 59,353.13 | Used for daily income and expenses | ||
| RESTRICTED/DESIGNATED FUNDS: | ||||
| Cemetery Fund-Cash | 600 | Two plots purchased during the year | ||
| Concert Fund | 2,238.15 | |||
| Endowment Fund-Ck’ing | 1,150.00 | $3,750. Rec’d during 2017, funds periodically transferred to TOTF -Endowment Fund (below) | ||
| Flower Fund | 594.8 | |||
| Laura Hayes Scholarship Fund | 1,065.22 | No activity in 2017 | ||
| Maintenance Fund-Church Painting | 11,100.00 | This total is in thanks to 6 contributors in 2017 | ||
| Maintenance Fund-Parish House Fund | 1,414.83 | No activity in 2017 | ||
| Memorials Fund | 2,069.00 | $225 rec’d in 2017 (from 3 donations) | ||
| Miscellaneous Funds | 770.91 | Includes many receipts/expenses (wash) to multiple charities | ||
| Outreach: Discretionary Fund | 87 checks were written for a total of $6,955.27 during 2017, donated funds are transferred periodically to the priest’s discretionary fund checking acct. | |||
| Discretionary Fund Checking Acct balance as of 12-31-17 (not included in total assets below) | 1.011.58 | |||
| Outreach: ECM | 902.72 | Transactions for Episcopal Church Men | ||
| Outreach: ECW | 3,134.20 | Transactions for Episcopal Church Women | ||
| Outreach: Mustard Seed | 193.96 | No activity in 2017 | ||
| Outreach: Village Harvest | 2,759.66 | In 2017 $2,195 in donations were received and $1,802.73 was spent at the Northern Neck Food Bank | ||
| RESTRICTED FUNDS-MANAGED BY DIOCESE: | ToTF = Trustee of the Funds | |||
| ToTF-Cemetery Maintenance Fund | 5,400.07 | $9,700 withdrawn in 2017 for 3 sidewalks, bell tower foundation and restoration and fence repair | ||
| ToTF-Endowment Fund | 53,905.78 | |||
| ToTF-Investment Fund | 121,717.59 | |||
| TOTAL ASSETS | 268,370.01 |
Annual Operating Budget, Page 2
| Category | YTD | Annual | YTD |
|---|---|---|---|
| INCOME CATEGORIES | Actual | Budget | Difference |
| Loose and Other Offerings | 2,880 | – | 2,880 |
| Pledges | 88,443 | 81,784 | 6,659 |
| Non Pledge – ID’ed Offerings | 23,683 | 21,000 | 2,683 |
| Interest Earned | 26 | – | 26 |
| Total: Income Categories | 115,032 | 102,784 | 12,248 |
| EXPENSE CATEGORIES | |||
| Church Properties | |||
| Building Repairs | 653 | 4,000 | (3,347) |
| Insurance | 12,159 | 4,198 | 7,961 |
| Reg Maintenance Bldgs | 5,219 | 4,400 | 819 |
| Utilities | 4,009 | 6,000 | (1,991) |
| Total: Church Properties | 22,041 | 18,598 | 3,442 |
| Salaries – Priest | |||
| Base Salary | 31,717 | 31,717 | – |
| Clergy Telephone and Travel | 72 | 100 | (28) |
| Continuing Education | – | 500 | (500) |
| Health Insurance | 8,782 | 8,724 | 58 |
| Pension | 5,709 | 5,709 | – |
| Professional Allowance | – | 1,100 | (1,100) |
| Total: Salaries – Priest | 46,280 | 47,850 | (1,570) |
| Salaries – Other | |||
| Children’s Ministry Coordinator | 3,665 | 4,521 | (856) |
| Organist | 12,200 | 12,000 | 200 |
| Supply Clergy | 100 | 1,000 | (900) |
| Supply Organist | – | 420 | (420) |
| Total: Salaries – Other | 15,965 | 17,941 | (1,976) |
| Administrative | |||
| Admin. Expenses, & Gen. Supplies | 1,115 | 1,500 | (385) |
| Christian Education | 43 | 1,000 | (957) |
| Cleaning Duty | 1,836 | 2,000 | (164) |
| Diocesan Council and Clergy Conf | 718 | 800 | (82) |
| Liturgy Supplies | 563 | 650 | (87) |
| Misc Expenses | 2,560 | 500 | 2,060 |
| Music | 108 | 150 | (42) |
| Nursery Duty | 1,830 | 2,080 | (250) |
| Pledge to Diocese of Virginia | 5,000 | 5,000 | – |
| Pledge to Region 1 | 500 | 500 | – |
| Total: Administrative | 14,273 | 14,180 | 93 |
| Charities and Community Outreach | 2,998 | 3,000 | (2) |
| Total: Expense Categories | 101,557 | 101,569 | (13) |
| Operating Surplus/Deficit | 13,475 | 1,215 | 12,261 |