1. St. Columba’s Church Charting a New Course A Look at Our Financial Picture April 22, 2008

2. Membership Trends – 2007
Membership numbers per the Annual Parochial Report
Attendance figures per parish records

3. Attendance Trends By Service 2003 - 2007

4. Net Income Trends 1996 – 2007, 2008 Budget ($ in 000s)
Years with Special Ask
Cumulative Deficit at End of 2007 was $126K

5. 2008 Operating Budget As Approved by the Vestry on March 31, 2008 ($000s)
Act 07 Bud 08 Inc/(Dec) %Variance
Pledges $2,499 $2,280 ($219) (9%)
Plate Revenue %
Other Revenue (13%)
Total Revenue 2, , (203) (7%)
Salaries, Wages, Benefits 1, , %
Facilities and Utilities (223) (35%)
General & Administrative (12) (8%)
Diocesan Commitment (14) (7%)
Outreach Commitment (79) (44%)
Program Commitment (87) (44%)
Total Expenses 2, , (286) (10%)
Income from Operations ($83) $ $83

6. Giving Trends As of April 14: 2004 - 2008 ($ in 000s)

7. Giving Overview Number of Pledges by Giving Range 2006 - 2008
Total Number of Pledges
2006 (year end) 901
2007 (year end) 868
2008 (as of April 14) 768

8. Giving Overview Total $ Pledged by Giving Range 2006 - 2008
Total $ Value of Pledges
2006 (year end) $ 2,219,007
2007 (year end) $ 2,499,237
2008 (as of April 14) $ 2,095,117

9. Operating Expense Trends For the Periods Indicated ($ in 000s)
7.5% Average Annual Expense Growth

10. Operating Expense Trend Details For the Periods Indicated ($ in 000s)

11. Personnel Costs How Many People Work Here?
Type
Full Time
Part Time
Total
Clergy 4 1 5
Program 6 10
Admin & Operations 8 13 18
28 *
* Represents approximately 23 FTEs

12. Outreach 2008 Source of Funds ($ in 000s)
Mission & Ministry
STEP
Total
Operations
$54
$47
$101
Grants 35
143
178
Other 69 43
112
$158
$233
$391

13. Outreach 2008 Uses of Funds Mission & Ministry $158K
STEP Operations $233K
STEP Scholarships $300K
Total $691K
Note: These figures do not include salary expenses for clergy & staff who support outreach

14. Outreach Expenses in the Operating Budget For the Periods Indicated ($ in 000s)

15. Outreach Percentages For the Periods Indicated ($ in 000s)

16. Columba Fund Activity since its inception in 2000: # $
# $
Inreach Grants 19 $387K
Outreach Grants K
Total $754K
Amount remaining as of March 31, 2008 = $206K (includes grant commitments made by the Vestry but not yet disbursed)

17. Cash Flow Considerations Net Income by Month

18. Cash Flow Considerations
Cash flow is controlled through deferral of paying certain expenditures until December (notably the Diocesan commitment and the funding of outreach)
To meet cash requirements in late summer and early fall, for many years the Vestry has authorized a resolution to borrow from the Memorial Fund with the stipulation that those funds be repaid by the end of the year.
The corpus of the Memorial Fund, by restriction, can be borrowed against “when it is necessary to cover emergency operating fund shortages.”

19. Questions Questions, comments, concerns? Please contact:
Janet Vincent
Rector
Andrew Hullinger
Treasurer
Jim Sivon
Sr. Warden
Kathleen Stanley
Jr. Warden
Paul Barkett
COO