St. Paul’s Episcopal Church
80 Pleasant Street
Brockton, MA
Treasurer’s Report of Financial Condition
as of December 31, 2007
| INCOME |
|
Operating |
Non-Operating |
|
|
|
|
|
|
|
|
Pledges, Plate, Memorials |
$24,171.85 |
|
|
|
Investments |
20,581.10 |
|
|
|
Diocesan Grants |
60,000.00 |
$850.00 |
|
|
Rental Income |
1,500.00 |
|
|
|
Grant for building repairs |
|
13,695.28 |
|
|
Endowment Redemptions |
|
|
|
|
|
UBS |
|
20,000.00 |
|
|
|
DIT |
|
70,000.00 |
|
|
|
|
|
|
|
| TOTAL INCOME |
$106,252.95 |
$104,545.28 |
$210,798.23 |
|
|
|
|
|
|
|
|
|
|
|
|
| EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
Pastoral Program |
|
|
|
|
|
Clergy |
$92,339.97 |
|
|
|
|
Music |
8,332.00 |
|
|
|
|
Education |
361.21 |
|
|
|
Total Pastoral Program |
$101,033.18 |
|
|
|
|
|
|
|
|
|
Outreach |
|
|
|
|
|
|
Diocesan Assessment |
3,160.92 |
|
|
|
|
Advertising |
1,734.13 |
|
|
|
|
Website |
|
350 |
|
|
Total Outreach |
4,895.05 |
350 |
5,245.05 |
|
|
|
|
|
|
|
Support and Maintenance |
|
|
|
|
|
Office Secretary |
6,047.00 |
|
|
|
|
Sexton |
6,937.50 |
|
|
|
|
Payroll Service |
452.65 |
|
|
|
|
Mileage Reimbursement |
221.43 |
|
|
|
|
|
|
|
|
|
Total Support |
$13,658.58 |
|
|
|
|
|
|
|
|
|
Office and Communication Expenses |
2,478.65 |
807 |
|
|
Utilities |
|
|
|
|
|
|
Church |
8,971.20 |
|
|
|
|
Vicarage |
242.79 |
|
|
|
Property Maintenance |
2,546.18 |
108,221.32 |
|
|
Insurance |
|
7,849.00 |
|
|
|
|
|
|
|
|
|
Total Maintenance |
22,087.82 |
109,028.32 |
|
|
|
|
|
|
|
|
TOTAL SUPPORT & MAINTENANCE |
$35,746.40 |
$109,028.32 |
$144,774.72 |
|
|
|
|
|
|
|
Special Interim Expenses |
|
3,798.86 |
|
|
|
|
|
|
|
|
Vicarage Deposit and Appliances |
|
25,179.77 |
|
|
|
|
|
|
|
| TOTAL EXPENSES |
$141,674.63 |
$138,356.95 |
$280,031.58 |
|
|
|
|
|
|
| Net Operating Deficit |
($35,421.68) |
|
|
Statement of financial assets as of Dec. 31, 2007
| Diocesan Investment Trust |
|
$ 429,299.26* |
|
|
|
|
|
| UBS Brokerage |
|
|
$298,213.00 |
|
|
|
|
|
| Less Line of credit for purchase |
|
| Of Court Street Condo (Vicarage) |
-156,576.10 |
|
|
|
|
|
| Checking Accounts |
|
12,392.64 |
|
|
|
|
|
| TOTAL CASH & INVESTMENTS |
$ 583,328.80* |
*The Diocesan Investment Trust balance is actually the September 30, 2007, balance. The December 31, 2007, balance was not yet available at the time of the Annual Meeting.
|
