Episcopal Church of St. John the Baptist - York, PA

   Parish Finances:

What makes up the  Church Budget?

 Have you taken a look at our church budget?   For those of us who are not accountants, the numbers can be a bit confusing.   Let’s take a quick look at what makes up the budget.

In total, our budget for 2010 is $560,000.  That is down from $633,000 in 2009 and $621,000 in 2008.

Salaries and Benefits make up about 62% of the budget,  nearly $350,000.   Part of this goes to support for people that help behind the scenes, our sexton and our financial administrator.  It also includes support for our church office and our organist.   With Marty’s resignation there is about half a year in the budget for her salary.  

The second highest expense item is the fee we pay to        diocese.  As a parish of the Episcopal Church we pay a Fair Share to support the ministry of our Diocese.   This Fair Share is determined each year at Diocesan Convention based on a parish’s net disposable income.   Our Fair Share is $81,000.

 
   
   

Historical look at our Income and Expenses

 The goal of the Vestry in building the church budget is to allocate funds to  support the parish based on projections for income.    Historically, we have been  running operational deficits for the past five years.   Our income has been in the $500,000 range, while our expenses have averaged $550,000. 

In the chart to the right, you can see that the gap between income and expense was widening until last year.    Last year the vestry made a decision to reduce  dramatically our expenses.     This included reductions in staff, and reductions in    programs.

 Income though has also been declining since 2007.    A significant portion of this reduction is due to lower church   membership.  The shortfall that we show is offset by funds that are withdrawn from our  investment accounts.