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| PARISH PROFILE - Financial Status |
| 667 Mount Road, Aston, PA 19014 610-459-2013 |
| 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:
2006 2007 2008
PLEDGES $129,674 $118,280 $122,279
PLEDGE RECEIPTS $116,407 $109,075 NA
PLEDGING UNITS 60 63 64
In 2007 we had a deficit of ($4,985.97). Actual income of $169,805.48 fell approximately 1%
below budget. Total expenses of $174,791.45 exceeded budget by 2%. Despite the
deficit, we did complete our pledge to the Diocese of $5,900.
Our 2008 budget of $184,812.44 represents a 7.9% increase versus the 2007 budget.
Pledge income of $122,279 represents 66% of the total. The pledge income if paid in total
would represent an increase of 12.1% over actual pledge income received in 2007. The
Rector’s salary is the largest expense item, at 27.7% of total budgeted expenses. Pension
and Health/Disability Insurance together account for another 17.7% of the $184,812.44.
Fuel expenses are also significant at 7.3%.
Through August, actual pledges received are $75,225, which trails the budgeted amount
by $6,294, or 7.7%. Pledge income does tend to lag during the summer months. Expenses
are running below budget by more than $12,000, resulting in a current surplus of $1,011.
Part of this surplus is tied to salary savings due to the Rector’s retirement. Also, we have
just started to pay our pledge to the Diocese in September. The pledge totals $5,900 and
must be paid over the next three months.
We continue to do improvements to the Physical Plant, including painting, cleaning, and
refurbishment of the Rectory. These improvements have been paid out of our Building
Fund, which has a little over $15,000 remaining for future needs.
Our Trust Fund Assets, held at T. Rowe Price and The Church Foundation, total in excess
of $121,000. Interest income from these funds are used for general operating purposes.
Our annual pledges and actual receipts for the past three years are as follows:
2006 2007 2008
PLEDGES $129,674 $118,280 $122,279
PLEDGE RECEIPTS $116,407 $109,075 NA
PLEDGING UNITS 60 63 64
In 2007 we had a deficit of ($4,985.97). Actual income of $169,805.48 fell approximately 1%
below budget. Total expenses of $174,791.45 exceeded budget by 2%. Despite the
deficit, we did complete our pledge to the Diocese of $5,900.
Our 2008 budget of $184,812.44 represents a 7.9% increase versus the 2007 budget.
Pledge income of $122,279 represents 66% of the total. The pledge income if paid in total
would represent an increase of 12.1% over actual pledge income received in 2007. The
Rector’s salary is the largest expense item, at 27.7% of total budgeted expenses. Pension
and Health/Disability Insurance together account for another 17.7% of the $184,812.44.
Fuel expenses are also significant at 7.3%.
Through August, actual pledges received are $75,225, which trails the budgeted amount
by $6,294, or 7.7%. Pledge income does tend to lag during the summer months. Expenses
are running below budget by more than $12,000, resulting in a current surplus of $1,011.
Part of this surplus is tied to salary savings due to the Rector’s retirement. Also, we have
just started to pay our pledge to the Diocese in September. The pledge totals $5,900 and
must be paid over the next three months.
We continue to do improvements to the Physical Plant, including painting, cleaning, and
refurbishment of the Rectory. These improvements have been paid out of our Building
Fund, which has a little over $15,000 remaining for future needs.
Our Trust Fund Assets, held at T. Rowe Price and The Church Foundation, total in excess
of $121,000. Interest income from these funds are used for general operating purposes.
| click here to return to the Parish Profile Main Menu click here to go to the next section FUTURE STATUS |
| Small Parish - Big Heart - Inclusive The little church you've been looking for! All are welcome! |
| To Contact Us: Calvary Episcopal Church 667 Mount Road Aston, PA 19014 610-459-2013 OFFICE mail@calvaryepiscopalrockdale.org |
