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St. James'
Episcopal Church--Eureka Springs, Arkansas |
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2008 Budget
Proposal |
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January 4, 2008 |
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INCOME AND
EXPENSE |
2006 |
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2007 |
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2007 |
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2008 |
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(Actual) |
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(Budgeted) |
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(Proposed) |
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Beginning checkbook balance |
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$23,023 |
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$19,747 |
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$19,747 |
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$17,351 |
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OPERATING INCOME |
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These are the funds that “pay the bills” and support regular planned operations of St. James. |
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6 |
Plate Offering: |
$13,567 |
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$14,000 |
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$16,404 |
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$17,000 |
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7 |
Pledges: |
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$93,012 |
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$104,522 |
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$96,979 |
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$107,288 |
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52 pledges for $104,052 - anticipated giving of $7458 (pledges not yet signed, but based on last year's giving.) 2008 proposed is what is pledged plus $3236 of that anticipated. |
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9 |
Investment Income for Operations: |
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$57 |
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$60 |
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$55 |
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$48 |
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Interest earned from money in the operating account. 2008 balance in operating account willprobably be lower so perhaps $4/mo instead of $4.50 |
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10 |
Other Operating Income: |
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$710 |
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$500 |
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$1,680 |
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$700 |
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Misc income, special Christmas & Easter offerings listed here. 2007 includes one gift of $1300. |
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12 |
Unrestricted Legacies and Bequests |
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$383 |
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$300 |
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$383 |
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$383 |
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FE Thomas account is only current fund sending bequest money. |
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13 |
Grants from Diocese: |
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$19,000 |
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$7,000 |
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$7,000 |
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$0 |
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No grants will be requested in 2008 |
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(Line B) TOTAL OPERATING
INCOME |
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$126,729 |
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$126,382 |
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$122,500 |
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$125,419 |
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Diocesan assessment for 2008 is 10% of anticipated 2008 income plus pledges to any designated dicesan projects beyond that. Vestry pledged $500 to Camp Mitchell in 2008. |
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NON-OPERATING INCOME |
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These are typically designated funds for improving and maintaining our facility, developing new programs that may eventually become part of the regular operation, and funds held in reserve. If reserve funds are converted to operating use, they are then shown as operating income and assessed by the diocese |
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15 |
Gifts to Building & Capital Fund: |
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$600 |
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$600 |
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$500 |
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$450 |
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One member consistently gives the budgeted amount. |
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Gifts to Organ Fu |
$3,932 |
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$4,000 |
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$236 |
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$0 |
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$1450 in Nov/Dec 2006, just $235 in 2007. If concerts given in 2008, will we continue an organ fund? If so, for what use? Or should these funds go to outreach or ??? |
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17 |
Investment Income Bldg &Cap Fnds: |
returned to fund account |
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$46 |
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$64 |
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$92 |
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$80 |
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This is the designated fund 949115. Expect 20/quarter int- due to 2008 lower balance |
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19 |
Designated – Non-operating Gifts: |
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$2,020 |
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$2,000 |
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$1,951 |
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$1,000 |
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2007 gifts to memorial fund $310 & Christmas designated for ABC & needy family |
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Investment Inc from Non-operating Funds |
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$3,442 |
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$4,600 |
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$4,714 |
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$3,250 |
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2007 includes 3 mo CD ($758) & 12 mo CD ($3913) & mem fund int ($43). 2008 will have one 9 mo CD, $73,916 invested at 5.25%. CD & mem fund interest reinvested in each account |
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21 |
Outreach Grants & Fund Raiser: |
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$5,869 |
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$6,350 |
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$13,724 |
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$4,100 |
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In 2007 received $458 for parking lot, $3052 for poinsettia, $65 for t-shirt, yard sale 2674. In addition, $7475 was transferred in from the des fund to cover the op acct for these expenditures. 2008 estimate based on poinsettia (3800) and 300 parking lot. 2008 - 1/2 of poin will go to habitat for humanity |
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Funds to Transmit to other Organizations: |
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$25,542 |
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$6,000 |
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$33,373 |
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$1,000 |
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2007 = $850 to uganda, $818 to PDF, $90 to ECW, Bishops purse $25, prepaid pledges in & out. Plus CD proceeds of $24,374.60 deposited into op acct on 8/10/07, used mainly for organ rebuild. |
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(Line C)TOTAL
NON-OPERATING INCOME |
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$41,451 |
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$19,614 |
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$54,591 |
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$9,880 |
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(Line D) TOTAL INC |
$168,180 |
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$149,996 |
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$177,091 |
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$135,299 |
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OPERATING EXPENSES |
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Program Expenses: |
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Funding for what we DO – worship, outreach, service, and education |
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Commitment to Diocese: |
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$17,245 |
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$18,759 |
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$18,759 |
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$13,042 |
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2008 commitment $500 camp mitchell plus 10 % expected income of $125,419 (1,086.83/month) |
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28 |
MDG |
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$555 |
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$1,425 |
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$1,425 |
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$878 |
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2007 figure includes gift to Pueblo of $1225 and rent for needy family: MDG=.7% x 2008 anticipated income @125,419 = 878 |
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28a |
Priest Discretionary Fund |
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$1,200.00 |
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$1,583 |
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$1,200 |
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In '07- $383 rent |
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29 |
Congregational Development: |
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Day by Day, tracts |
$454 |
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$700 |
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$107 |
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$0 |
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include in Christian formation - adult in 2008 |
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Communications: |
$902 |
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$1,000 |
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$833 |
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$1,100 |
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Newsletters, mailings, ads, printing, website registration fee |
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32 |
Christian Formation: Children: |
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Mat. for children’s ed. |
$219 |
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$400 |
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$1,271 |
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$100 |
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33 |
Christian Formation: Adults: |
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Materials for adult ed. |
$369 |
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$400 |
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$55 |
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$1,000 |
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includes Anglica Digest & books |
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34 |
Music & Choir: |
$54 |
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$400 |
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$410 |
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$400 |
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Purchase sheet music and choir supplies |
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35 |
Youth Work |
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$237 |
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$700 |
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$0 |
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$100 |
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SHIFT has been self-sufficient |
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36 |
Altar Supplies and Flowers: |
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$678 |
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$680 |
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$511 |
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$800 |
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flowers, wine, wicks, hosts, wafers, lites, cloths |
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Liturgical Supplies: |
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$327 |
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$750 |
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$720 |
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$650 |
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Insert costs, printing |
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Diocesan Convention: |
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$1,001 |
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$1,200 |
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$696 |
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$900 |
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Potential increased diocesan activity in 2006 with election of bishop and General Convention |
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Stewardship: |
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$1,304 |
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$1,700 |
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$540 |
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$600 |
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includes offering envelopes for 2 years, $98 |
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