Parish Finances
Updated February 20, 2012
Each February an annual report is prepared that has a full disclosure of the parish finances, and it is available for pick-up.
In 2011, the budgeted expenses are $79,045. Income is by donations and fund-raising.
To help you better understand how your donations benefit St. Stephen’s, here is a breakdown of the dollar amount used by a $20.00 donation: Community Development $4.80; Worship $4.40; Outreach $4.20; Pastoral care $3.60, Administration 1.80; and Christian Education $1.20.
The Property Fund is used for minor repairs and modifications. The 2012 budget is:
BALANCE at January 1 $1,895.87 REVENUE Offerings/Fund-raising $ 2,674.13 EXPENDITURES - listed in priority order Contingencies $ 500.00 Sound System $ 200.00 Tree $ 100.00 Bench for patio $ 200.00 Refinish front doors - material $ 70.00 Replace sign beside front steps $ 300.00 2 carts for chairs in shed $ 200.00 cart for kitchen $ 300.00 Parish Hall floor stripping & waxing $ 1,000.00 Parging $ 400.00 Parking Lot: 2 loads of gravel, grading $ 1,000.00 Re-key front door lock $ 300.00 TOTAL EXPENDITURES $ 4,570.00 BALANCE AT END OF YEAR $ -
This fund was established in 2009 and is intended to raise funds for upgrading the church building. The agreed upon goals are to raise:
$7,150 to replace furnace
$15,300 to construct handicapped washroom on main floor and renovate basement washrooms into one handicapped accessible washroom
On
the offering envelop, there is a line marked other with a space to write
something in. This is used for designated donations where you write in what the
donation is for. It could be the Food Cupboard, or a special fund-raiser.
The Memorial Board is mounted on the north wall (gospel side) of the nave of the church. Its purpose is to acknowledge a donation made to St. Stephen’s in memory of individuals who have died. A plate will be mounted on the board that has the name of person who died, and his/her years of birth and death. The Incumbent and Wardens are responsible for the ensuring that a plate is put up; the envelope secretary will ensure that they are made aware of donations that qualify for a plate. The Incumbent and Wardens have discretion in making exceptions to this policy.
The Friends of St. Stephen’s Board is mounted on the south wall (epistle side) of the nave. Its purposes are to acknowledge donations made by individuals to St. Stephen’s for $100 or more for special projects as designated by the Parish Council or listed on the Projects List approved by Vestry, and to give people the opportunity to record their name in the church. With respect to a Special Project, the Parish Council can designate paying back debt to the diocese as a Special Project. A donor plate will have the name specified by the donor, for example: John Smith, John, Sarah, Albert and Hannah Smith, or the Smith Family, and the year of donation. The name will be put up once on a given Board; once the present board is filled, a new one will be made. The Incumbent and Wardens are responsible for the ensuring that plates are put up; the envelope secretary will ensure that they are made aware of donations that qualify for a plate. The Incumbent and Wardens have discretion in making exceptions to this policy.