Basic HTML Version
9
Treasurer’s, Annual Report, 2015
Clarence Kunstmann
The Cash & Investment Summary shows the accounts for the monetary assets of St. Peters.
Sections I and II identify the locations of the monetary assets.
Section III, the Restricted Funds (designated funds) section, identifies those amounts that
have been donated or set aside from the funds available for the general operation of the
church, the Non-Restricted Funds.
Section IV shows the Operating Fund Total. The sum of this total plus the total of the
Restricted Funds equals the Cash & Investments Grand Total.
Under section ll, Investments, is the Trustees of The Funds Account which has had an
improvement in spite the market’s ups & downs. Monies invested there are from the Cemetery
Fund and the EC Davis Memorial Fund for Building & Development.
The Fund Activity chart at the bottom of page 1 displays those restricted funds having activity
during 2015 as well as the subaccount balances for the Maintenance, Outreach and
Miscellaneous Funds.
The Vestry decided to close out the STAMP Account and roll it over into the Trustees of The
Funds Account.
The Operating Income Statement has been placed on the same page with the FY2016 budget in
order to facilitate comparing the FY2016 Budget with the FY2015 budget and expenditures.
A comparison between the 2015 disbursements and the 2015 Budget would show that overall
the totals are close except for the categories under the Church Properties. While it would
appear that insurance had a significant increase it was a result of the payment for 2016 being
made in December 2015 while the payment for 2015 was made in January 2015. Of course
what building repairs may occur during any one year is a guess.
The painting of the exterior of the buildings has been deleted from the budget and a reserve
fund similar to the altar and kitchen funds is to be established. There is a need to maintain our
buildings but to avoid, every few years, an extremely large impact on the budget to pay for
painting some funds should be set aside each year. The long term planning committee
determined that raising $8,000 per year would meet the estimated requirement.
As usual there have been a lot of “hidden” contributions in the form of time and material,
including the little things such as providing food or flowers.
I will be pleased, any time, to answer any questions you may have