ST. PAUL

ECONOMICS 2013

ECONOMIC REALITY

• OUR CHURCH HAS A REALISTIC 2013 BUDGET WITH AN UNREALSITIC COLLECTION / DONATION BUDGET.

• WE ARE TAKING IN LESS THAN WE DID IN 2006 BUT WE HAVE A PRESENT DAY BUDGET.

GOOD NEWS / BAD NEWS

• THE GOOD NEWS IS WE HAVE NO MORTGAGE……..

• THE BAD NEWS IS WE HAVE NO MORTGAGE……..

MONTHLY EXPENSES / COLLECTIONS

• WE SPEND 15-16 K / MONTH• WE COLLECT 8K FROM PLEDGES, $300 FROM

CANDLES AND $2K FROM PLATE CONTRIBUTIONS.

EXPENSES

• BOTH THE FINANCE COMMITTEE AND THE COUNCIL HAVE LOOKED AT WAYS TO DECREASE EXPENSES.

• OUR EXPENSES ARE FIXED AND REALLY THERE IS NO WAY TO REDUCE THEM

LONG TERM / SHORT TERM

• LONG TERM WE NEED TO INCREASE OUR MEMBERSHIP

• SHORT TERM WE NEED MORE GIVING FROM OUR MEMBERS

THE RESERVES

• DUE TO THE BUILD OF THE PAVILION WE HAVE SEEN OUR RESERVES GO BELOW $200,000 TO $180,000 AND WITH THE RECENT NEED TO PUT MONEY IN THE CHECKING FOR BILLS WE ARE PRESENTLY AT $160,000.

THE $160,000

• WE NEED $60,000 OF THAT FOR THE DEDUCTIBLE SHOULD THERE EVER BE A HURRICANE OR WHATEVER THAT CAUSES MAJOR DAMAGE TO THE CHURCH.

• THAT LEAVES $100,000 IN RESERVES

RESERVES

• WE PUT PER OUR BUDGET $10,000 IN A ROOF /AIR CONDITIONER FUND AND WILL DO THAT EVERY YEAR TO PAY FOR THESE MAJOR EXPENSES WHEN THEY REACH THE END OF THEIR USABLE LIFE….WHILE THE MONEY IS STILL THERE THAT IS $20,000 FOR THIS AND NEXT YEAR.

RESERVES

• WE PUT MONEY IN OUR FUTURE DEVELOPMENT FUND FOR A NEW BUILDING WHENEVER THAT COMES IN OUR FUTURE….

• THE MONEY IS STILL THERE BUT WE NEED TO START SAVING FOR THE FUTURE OF OUR CHURCH AND THE NEXT GENERATIONS NEEDS

GIVING

• WE NEED THOSE WHO CAN GIVE TO INCREASE THEIR PLEDGING SO THE CHURCH CAN MAINTAIN ITSELF.

PRESENT GIVING

• PRESENTLY THE AVERAGE PARISHIONER GIVES $632 PER YEAR OR $12.15 A WEEK TO ST.

PAUL.

HOW MUCH MORE DO WE NEED?

• WITH THE MONEY THAT COMES IN FROM FOUNDERS DAY, CANDLES, WEEKLY PLATE CONTRIBUTIONS AND VARIOUS OUR FUND RAISING EVENTS WE NEED AN AVERAGE OF $303 A YEAR MORE PER GIVING MEMBER.

• THERE ARE SOME WHO CAN GIVE MORE THAN THAT AND THERE ARE THOSE WHO CAN GIVE LESS…IF IT AVERAGES TO $303 WE WILL BE OK

$303.00

• $5.82 A WEEK MORE THAN YOU ALREADY GIVE.

143 PAYING MEMBERS

• THERE ARE SOME WHO GIVE $200 A YEAR AND THERE ARE SOME WHO GIVE $5,000 A

YEAR!

WHAT WE NEED

• $632 + $303 = $935

• THAT TOTAL EQUALS $17.98 A WEEK PER GIVING MEMBER

IS THAT A LOT TO ASK FOR??

• WE DON’T KNOW THAT ANSWER…….

PRESENT GIVING OF THE 143

• $200-1 $250-1 $300-1• $400-2 $500-10 $520-1• $600-2 $730-1 $750-1

PRESENT GIVING OF THE 143

• $1000-26 $1100-1 $1200-3• $1300-1 $1400-2 $1500-3• $1600-1 $2000-6 $2400-1• 2500-3 $3600-1 $4000-1• $5,000-1

RIGHT NOW

• BASICALLY WE HAVE THE MONEY TO WORK THE SHORTFALL WE HAVE BEEN SEEING EVERY YEAR BUT FOR HOW LONG….

• IN 4 SHORT YEARS WITHOUT A NATURAL DISASTER….. OUR DEFICIT DISASTER WILL DEPLETE OUR RESERVES AT OUR CURRENT RATE OF INCOME AND EXPENSES

GOAL

• FOR THE REMAINDER OF 2012 WE SHOULD BE OK. YES, WE WILL BE IN THE RED, BUT IT IS WHAT IT IS, WE WILL WORK TO MAKE 2013 AND

BEYOND BETTER.

2013 GOAL

• $935 PER INDIVIDUAL AS AN AVERAGE.• WE KNOW SOME WILL GIVE MORE AND SOME

LESS BASED ON EACH INDIVIDUAL SITUATION BUT THIS IS WHAT IS NEEDED TO KEEP ST. PAUL HEALTHY NOW BASED ON REALISTIC

2013 ECONOMIC CONDITIONS WITH THE COST OF GOODS AND SERVICES BEING AS THEY ARE

QUESTIONS

• YOUR COUNCIL AND THE FINANCE COMMITTEE ALONG WITH FATHER JOE ARE

AVAILABLE ANYTIME TO REVIEW ANY AND ALL QUESTIONS YOU MAY HAVE

THANK YOU AND GOD BLESS!