Eunice Key
Below is a recap of financial assets (Balance Sheet) and then the 2018 annual operating budget (Budget Report).
Balance Sheet
| FUND DESCRIPTION | END OF YEAR BALANCE | SPECIAL NOTATIONS |
| General Checking Account/Fund | 61,337.47 | Used for daily budgeted income and expenses |
| RESTRICTED/DESIGNATED FUNDS: | ||
| Cemetery Fund-Cash | 840.61 | ToTF dividends are deposited here annually |
| Concert Fund | 652.64 | |
| Endowment Fund-Ck'ing | 125 | $475.00 rec’d during 2018 and $1500.00 were moved to ToTF |
| Flower Fund | 457.16 | |
| Laura Hayes Scholarship Fund | 565.22 | $500.00 was awarded for college books |
| Maintenance Fund-Church Painting | 0 | All funds depleted in 2018 for painting |
| Maintenance Fund-Parish House Fund | 0 | All funds depleted in 2018 for painting |
| Memorials Fund | 1,270.00 | $600.00 rec’d in 2018; $1,400.00 used to purchase AED |
| Miscellaneous Funds | 272.27 | Includes many receipts/expenses (wash) to multiple charities |
| Outreach: Discretionary Fund | 0 | |
| Discretionary Fund Checking Acct balance as of 12-31-17 (not included in total assets below) | 1,796.72 | 97 checks were written for a total of $7,525.86 during 2018, donated funds are transferred periodically to the priest’s discretionary fund checking acct. |
| Outreach: ECM | 471.57 | Transactions for Episcopal Church Men |
| Outreach: ECW | 971.21 | Transactions for Episcopal Church Women |
| Outreach: Mustard Seed | 78.96 | Provided pizza for PR Xmas tree lighting |
| Outreach: Village Harvest | 4,450.80 | In 2018 $3860.15 in donations were received and $2,108.92 was spent at the Northern Neck Food Bank |
| RESTRICTED FUNDS-MANAGED BY DIOCESE: | ToTF = Trustee of the Funds | |
| ToTF-Cemetery Maintenance Fund | 4,903.01 | $9,700 withdrawn in 2017 for 3 sidewalks, bell tower foundation and restoration and fence repair |
| ToTF-Endowment Fund | 54,641.93 | |
| ToTF-Investment Fund | 120,082.34 | |
| TOTAL ASSETS | 251,120.19 |
Budget Report
| Category | YTD Actual | Annual Budget | YTD Budget Difference |
| INCOME CATEGORIES | |||
| Non Pledge - ID'ed Offerings | 23,206 | 20,000 | 3,206 |
| Loose and Other Offerings | 2,585 | - | 2,585 |
| Pledges | 91,346 | 96,388 | (5,042) |
| Interest Earned | 28 | - | 28 |
| Total: Income Categories | 117,165 | 116,388 | 777 |
| EXPENSE CATEGORIES | |||
| Church Properties | |||
| Building Repairs | 6,981 | 4,000 | 2,981 |
| Insurance | 5,506 | 8,000 | (2,494) |
| Reg Maintenance Bldgs | 8,294 | 4,600 | 3,694 |
| Utilities | 5,039 | 5,000 | 39 |
| Total: Church Properties | 25,820 | 21,600 | 4,220 |
| Salaries - Priest | |||
| Base Salary | 34,815 | 34,816 | (1) |
| Clergy Telephone and Travel | 66 | 100 | (34) |
| Continuing Education | 425 | 500 | 75 |
| Health Insurance | 9,450 | 9,420 | 30 |
| Pension | 6,267 | 6,267 | - |
| Professional Allowance | 2,000 | 2,000 | - |
| Total: Salaries - Priest | 53,023 | 53,103 | (80) |
| Salaries - Other | |||
| Children's Ministry Coordinator | 2,768 | 4,521 | (1,753) |
| Organist | 14,530 | 12,000 | 2,530 |
| Supply Clergy | 855 | 2,250 | (1,395) |
| Supply Musician | 400 | 420 | (20) |
| Total: Salaries - Other | 18,553 | 19,191 | (638) |
| Administrative | |||
| Admin. Expenses, & Gen. Supplies | 542 | 1,500 | (958) |
| Christian Education | 166 | 1,000 | (834) |
| Cleaning Duty | 1,646 | 2,000 | (354) |
| Diocesan Council and Clergy Conf | 1,380 | 800 | 580 |
| Liturgy Supplies | 591 | 650 | (59) |
| Misc Expenses | 2,798 | 4,000 | (1,202) |
| Music | 199 | 150 | 49 |
| Nursery Duty | 1,760 | 2,080 | (320) |
| Pledge to Diocese of Virginia | 6,000 | 6,000 | - |
| Pledge to Fredericksburg Region | 750 | 750 | - |
| Total: Administrative | 15,832 | 18,930 | (3,098) |
| Charities and Community Outreach | 1,950 | 3,000 | (1,050) |
| Total: Expense Categories | 115,178 | 115,824 | (646) |
| Operating Surplus/Deficit | 1,987 | 564 | 1,423 |