| To contact us: frbobg@comcast.net Calvary Episcopal Church 667 Mount Road Aston, PA 19014 610-459-2013 OFFICE 610-358-3571 RECTORY |
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| PARISH PROFILE - Financial Status |
| 667 Mount Road, Aston, PA 19014 610-459-2013 |
| Small Parish - Big Heart - Inclusive Come and worship with us! All are welcome! |
| Our Mission: To worship the Lord To serve the community To grow the church |
FINANCIAL STATUS
Our annual pledges and actual receipts for the past three years are as follows:
2005 2006 2007
PLEDGES $113,352 $129,674 $118,280
PLEDGE RECEIPTS $112,136 $116,407 NA
PLEDGING UNITS 64 60 63
The increase in pledges for 2006 versus 2005 was 14.4%, while our actual pledge receipts
increased 3.8% for that year. In 2007 pledges actually declined by 8.8%. Our history
indicates we are not likely to match actual pledge receipts to pledges for the year.
However, if we were to come close it would indicate fairly flat receipts year-to-year.
In 2005 the Church had a surplus of $4,506. Actual income of $163,925 was 2.5% under
plan, while actual expense of $159,419 was 5.1% under budget. During the year 360 shares
of Microsoft were sold in order to meet operating needs. We were unable to meet our
initial Diocesan Pledge for the year. In 2006 the Church had a surplus of $6,563. Actual
income of $178,109 exceeded budgeted income by 1.9%. Operating expenses during the
year totaled $171,546, 1.8% below the budget. An additional 200 shares of Microsoft were
sold in 2006 in order for the Church to meet operating needs.
Our 2007 budget is balanced in the amount of $171,271. However, through June 30 our
pledge receipts are running approximately $8,000 behind budget and we are running with
an operating deficit of $1,946. We still have major expenses for the year including $4900
for our Diocesan Pledge. We are very lean and without pledge income meeting
expectations, it is very difficult to meet our monthly operating expenses.
As we have sold our shares of Microsoft stock over the past few years to fund our
operating budget, we no longer have this cushion for future needs. We do on occasion
receive bequests that can be used for operating purposes. However, we cannot count on
these as a means of operating support.
On a positive note, we have made numerous capital improvements over the past few
years that have been paid for from funds obtained during our capital campaign and our
Window Fund campaign. The improvements are very visible and include the large stained
glass window, repairs to the Rectory, Sexton’s house, undercroft, Church, Office, and
Sunday School. Total spending for these repairs over the past three years are in excess
of $102,000. We currently have approximately $29,000 in remaining capital funds to use for
capital repair needs.
Our annual pledges and actual receipts for the past three years are as follows:
2005 2006 2007
PLEDGES $113,352 $129,674 $118,280
PLEDGE RECEIPTS $112,136 $116,407 NA
PLEDGING UNITS 64 60 63
The increase in pledges for 2006 versus 2005 was 14.4%, while our actual pledge receipts
increased 3.8% for that year. In 2007 pledges actually declined by 8.8%. Our history
indicates we are not likely to match actual pledge receipts to pledges for the year.
However, if we were to come close it would indicate fairly flat receipts year-to-year.
In 2005 the Church had a surplus of $4,506. Actual income of $163,925 was 2.5% under
plan, while actual expense of $159,419 was 5.1% under budget. During the year 360 shares
of Microsoft were sold in order to meet operating needs. We were unable to meet our
initial Diocesan Pledge for the year. In 2006 the Church had a surplus of $6,563. Actual
income of $178,109 exceeded budgeted income by 1.9%. Operating expenses during the
year totaled $171,546, 1.8% below the budget. An additional 200 shares of Microsoft were
sold in 2006 in order for the Church to meet operating needs.
Our 2007 budget is balanced in the amount of $171,271. However, through June 30 our
pledge receipts are running approximately $8,000 behind budget and we are running with
an operating deficit of $1,946. We still have major expenses for the year including $4900
for our Diocesan Pledge. We are very lean and without pledge income meeting
expectations, it is very difficult to meet our monthly operating expenses.
As we have sold our shares of Microsoft stock over the past few years to fund our
operating budget, we no longer have this cushion for future needs. We do on occasion
receive bequests that can be used for operating purposes. However, we cannot count on
these as a means of operating support.
On a positive note, we have made numerous capital improvements over the past few
years that have been paid for from funds obtained during our capital campaign and our
Window Fund campaign. The improvements are very visible and include the large stained
glass window, repairs to the Rectory, Sexton’s house, undercroft, Church, Office, and
Sunday School. Total spending for these repairs over the past three years are in excess
of $102,000. We currently have approximately $29,000 in remaining capital funds to use for
capital repair needs.
