St.Peter’s&St.Paul’s2016Budget&ScenarioViews
PreparedbyEileenMurphyDiscoveryTeamMember
June20th 2016
ST.PETER’S&ST.PAUL’S2016BUDGET VIEWS
$Valuesinthefollowingslidesarebasedontheapproved2016Budget
2St.Peter's&St.Paul's2016Budget&ScenarioViews
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SundayCollections,$113.4
Christmas, $6.4 Easter, $3.9Papers,Vigils,Stoles,
$1.5
2016RevenueForecast($000s)OrdinaryRevenue($125.2k)
St.Peter's&St.Paul's2016Budget&ScenarioViews
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GlebeRent,$14.4
Fundraising-gross,$15.8
Donations/Bequests,$10.0
Cemeteries-KH,$5.0
Cemeteries-HC,$5.0
Interest,$4.8
HallRent-KH,$4.5HallRent-HC,$3.3
AppealRebate,$0.6
2016RevenueForecast($000s)Extraordinary&MiscellaneousRevenue($63.3k)
St.Peter's&St.Paul's2016Budget&ScenarioViews
5St.Peter's&St.Paul's2016Budget&ScenarioViews
HCChurch,$26.8
Priest'sSal&Ben,$23.3
DiocesanAssessment,$20.8
BookkeepingSalary,$15.3
KHChurch,$14.0Priest'sRoom&Board,
$12.5
HCHall,$11.2
SecretarialSalary,$10.2
HCResidence,$9.0
ChurchSupplies,$8.7
KHHall,$8.1
Outreach, $5.0
OfficeSupplies, $4.5KHCemeteries,$4.5
FundraisingExp, $4.0 MiscOther, $2.4 HCCemeteries,$2.3
Ministry, $1.6,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0
2016ExpenseBudget($000s)ByExpenseCategory- HighesttoLowest($184.2k)
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HCChurch,$26.8
HCHall,$11.2
HCResidence,$9.0
KHChurch,$14.0
KHHall,$8.1
ChurchSupplies, $8.7
DiocesanAssessment,$20.8
Priest'sSal&Ben,$23.3
Priest'sRoom&Board,$12.5
BookkeepingSalary,$15.3
SecretarialSalary, $10.2
Outreach,$5.0
OfficeSupplies, $4.5
KHCemeteries,$4.5
FundraisingExp, $4.0MiscOther, $2.4 HCCemeteries,$2.3
Ministry, $1.6
2016ExpenseBudget ($000s)ByPropertyExpenseCategory- HighesttoLowest($184.2k)
St.Peter's&St.Paul's2016Budget&ScenarioViews
Maintenance, $2,200
Plowing/salt/sand,$1,000
Grasscutting, $1,000
HeatandLights,$7,650
Insurance,$2,105
2016ExpenseBudget– St.Peter’sChurch($14.0k)
7St.Peter's&St.Paul's2016Budget&ScenarioViews
Maintenance, $500 Plowing/salt/sand,$5,200
Grasscutting, $812
Cleaning-2.5hrs/week,$1,620
HeatandLights,$14,025
Insurance, $4,635
2016ExpenseBudget– St.Paul’sChurch($26.8k)
8St.Peter's&St.Paul's2016Budget&ScenarioViews
St.Peter's&St.Paul's2016Budget&ScenarioViews
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Maintenance, $500
Cleaning, $700
HeatandLights, $6,170
Insurance&Propertytax,$765
2016ExpenseBudget– StPeter’sHall($8.1k)
St.Peter's&St.Paul's2016Budget&ScenarioViews
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Maintenance, $600Cleaning-2.5hrs/week,
$1,500
Heat,lights&water,$7,525
Insuranceandtaxes,$1,032
Supplies, $500
2016ExpenseBudget– StPaul’sHall($11.2k)
St.Peter’s&St.Paul’s2016Scenario Views
• $Valuesinthefollowingslidesarebasedontheapproved2016Budget
• Keyassumptionsapplytoallscenarioslides:
• EstimatedORDINARYRevenuewasheldconstanttobudget;thisassumesallparishionerswillcontinueto
contributethesameamountregardlessofwhichorwhetherindividualchurchpropertiesremainopenorare
closed.
• EstimatedEXTRAORDINARYRevenuewasreducedacrossscenariostoaccountforHallRentalRevenue
reductions,andfurtherreducedinthefinalscenariotoaccountforclosureofallproperties.
• Furtherrefinementofkeyassumptions(e.g.,probableimpactofanydecisiononnumberofparishioners
contributing)isrequiredonanyindividualscenariotoaccountforanticipateddeclinesinOrdinaryand
ExtraordinaryRevenue.
• OtherthantheStatusQuoscenario,allothersassumethatPROPERTYOPERATINGexpensescease
immediatelyuponclosure.Inreality,someoftheseestimatedexpenseswillcontinuetooccuronareduced
basis,untilthepropertiesaresold.Heat,electricity,insurance,andpropertytaxesareexamplesofsuch
expenses.
11St.Peter's&St.Paul's2016Budget&ScenarioViews
StatusQuo($000s)- BudgetNetIncome$4.3k
St.Peter's&St.Paul's2016Budget&ScenarioViews
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OrdinaryRevenue,$125.2
ExtraordinaryRevenue,$53.3
CemeteryRevenue,$10.0
OperatingProperty,$84.5
OperatingCemetery,$6.8
ChurchSupplies,$8.7
Misc,Office,Fundraising,$17.6
DiocesanAssessment,$20.8
PriestSalary&Board,$35.8
Bookkeeping&Secretarial,$25.5
BudgetNetIncome,$4.3
CloseSt.Paul’s;KeepResidenceOpen($000s)BudgetNetIncome$28.1k
St.Peter's&St.Paul's2016Budget&ScenarioViews
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ThisscenarioassumesallparishionersmovetoSt.Peter’s;St.Peter’swillrequireinfrastructureupgrades
OrdinaryRevenue,$125.2
ExtraordinaryRevenue,$50.0
CemeteryRevenue,10.0
OperatingProperty,$42.0
OperatingCemetery,$6.8
ChurchSupplies,$8.7
Misc,Office,Fundraising,$17.6
DiocesanAssessment,$20.8
PriestSalary&Board,$35.8
Bookkeeping&Secretarial,$25.5
BudgetNetIncome,$28.1
CloseSt.Peter’s($000s)- BudgetNetIncome$21.9k
St.Peter's&St.Paul's2016Budget&ScenarioViews
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ThisscenarioassumesallparishionersmovetoSt.Paul’s;noinfrastructureupgradesarerequired
OrdinaryRevenue,$125.2
ExtraordinaryRevenue,$48.8
CemeteryRevenue,10.0
OperatingProperty,$46.9
OperatingCemertery,$6.8
ChurchSupplies,$8.7
Misc,Office,Fundraising,$17.6
DiocesanAssessment,$20.8
PriestSalary&Board,$35.8
Bookkeeping&Secretarial,$25.5
BudgetNetIncome,$21.9
CloseAllProperties- BudgetNetIncome $122.4k
St.Peter's&St.Paul's2016Budget&ScenarioViews
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Thisscenarioassumesallparishionersmovetoanotherparish
OrdinaryRevenue,$125.2
ExtraordinaryRevenue,$14.8
CemeteryRevenue,10.0OperatingCemetery,$6.8
DiocesanAssessment,$20.8
BudgetNetIncome,$122.4