Financial Information

St. Anne’s Financial Information

For most of its history, like many small Episcopal Parishes,  St. Anne’s has struggled financially.  The current church building was originally envisioned as a parish hall, with a plan to build a separate sanctuary at some point in time.  In 2000, this dream was reconsidered, and St. Anne’s  sold a portion of our land and  the Deaf Senior Center was built adjacent to our property (not a part of St. Anne’s though)..).  The proceeds from that sale have been invested in a money market account and are used to help us meet operating expenses each year.  It is our dream to finish each year “in the black” but our reality has been that we need to spend a small portion of our savings every year to meet operating expenses.

Statement of Income and Expenses

2016 Actual 2017 Actual 2018 Actual (1/2018 – 6/2018)
Income:
Pledge Payments $146,081 $164,805 $100,008
Plate Offerings $4,234 $1,988 $2,998
Targeted Offerings $8,237 $2,469 $1,247
Space Use Donations $4,746 $7,440 $4,400
Scrip $16 $366 $78
TOTAL INCOME $173,314 $177,068 $108,731
Expenses:
Congregational Life $7,145 $7,134 $3,492
Outreach $4,410 $3,915 $45
Diocese/Deanery $25,147 $20,757 $11,854
Personnel Expenses $122,116 $117,649 $59,867
Facilities/Grounds $53,603 $35,593 $17,058
Office Supplies $2,629 $3,107 $2,077
Financial Fees and Audit $15 $365 $0
TOTAL EXPENSES $215,065 $188,520 $94,393
Income – Expenses ($41,751) ($11,452) $14,338

Other Financial Data – As of June 30, 2018:

Wells Fargo Checking Balance $19,618
Smith Barney Total Value $151,974
TOTAL CASH BALANCE $171,592