ANNUAL MEETINGMay 1, 2016

ANNUAL MEETINGMay 1, 2016

Treasurer’s Report

o Exceeded goal to reduce reliance on the Endowment – 4.68% draw including capital.

o Explored financially & mission generative models for use of our Unique Sacred Space

o Exceptional programming - worship and interfaith experiences, education & formation, congregational life, and civic & community service.

2015 Highlights

Inspire. Imagine. Ignite

o 2016 – A Year to Invest o Bicentennial – Events, Marketing, Bannerso Model for our unique sacred spaceo Discernment, Feasibility, and Potential Capital Campaigno Brighten our Sacred Architecture (tower lights, door

restoration) and ongoing maintenanceo Mather Hall – Negotiate a possible Land Leaseo Staff & Benefits – Basic increases jobs well done, health

insurance, trainingo IT Upgrades – per joint Diocesan assessment done in 2015

Strong– Congregational Support

$679,954

$700,827

$723,404$716,819 $718,100

$670,000

$680,000

$690,000

$700,000

$710,000

$720,000

$730,000

$740,000

2012 2013 2014 2015 2016

AMO

UN

T IN

DO

LLAR

S

YEAR

CONTINUED CONGREGATIONAL SUPPORT

Improvements – Commons Earned Income

2015 Budget: $336,401

Improvements – Commons Subsidy

2015 Budget: $279,693

Improvements – Endowment Draw

Year Endowment Draw (Percent)

Additional Draw

Additional Draw Operations (Percent)

Additional Draw Capital or Extraordinary (Percent)

2011 5.95% $201,228 76% 24%

2012 6.37% $274,410 82% 18%

2013 6.46% $265,500 95% 5%*

2014 5.31% $53,948 0% 100%**

2015 4.68% $18,770 0% 100%

Efforts to reach 5% endowment draw by 2016

*In addition $83,000 net was drawn from LOC for major steam and building automation system** With additional draw on LOC of $ 2,200 net

Improvements - Endowment

Year Reliance on Endowment to Support Operations

2000 80%

2013 50%

2014 42%

2015 39%

2016 Budget 47%

2015 Performance – Income

Trinity Cathedral Consolidated Operating Activities 2015 Actuals 2015 Budget

INCOME

Congregational Pledges, Contributions, Offerings, Gifts $716,819 $735,140

Grants* $173,160 $162,820

Earned Income $305,314 $313,717

Friends Support $55,916 $40,300

Investment Transfers (5% Portion)+ Other $850,477 $926,588

Additional Draw from Invested Funds for Operations $0 $120,841

$2,101,685 $2,299,406

2015 Performance – Expenses and Net

EXPENSE 2015 Actuals 2015 Budget

Salaries & Benefits $1,065,972 $1,141,662

Contract/Professional $262,401 $331,159

Food/Equipment/Supplies $68,646 $84,461

Rent/Utilities $135,318 $149,135

General Office $59,176 $72,161

Marketing & Communications $61,457 $99,592

Maintenance $139,197 $105,934

Other Programming $3,405 $5,550

Travel, Mileage $27,451 $18,668

Dues, Memberships and Contributions $19,962 $20,600

Interest & Bank Fees $13,029 $13,277

Assessment, Portions, Taxes, Adjustments $245,517 $257,207

$2,101,541 $2,299,406

Net Operating Activities $143 $0

2016 Budget by Program Area

2016 Budget by Program Area

THANK YOU FOR YOUR SUPPORT.