The Episcopal Diocese of Southwestern Virginia 100th Annual Convention

The Diocese of Southwestern Virginia 2019 DETAIL SUMMARY BUDGET

2018 Approved Budget

2019 Mission Asking

2019 Proposed Budget

2018 Actual

INCOME Total Current Year VPG Pledges Total Other Operating Income

970,361) 155,392)

963,363) 190,232)

1,062,289)

976,843) 152,820)

141,320)

TOTAL INCOME

1,125,753)

1,153,595)

1,203,609)

1,129,663)

EXPENSES Total Mission Initiatives

135,280)

133,430)

115,630)

105,600)

INSTITUTIONAL: Institutional - Evans House

50,300) 893,304) 145,450) 210,771)

52,238) 898,944) 116,629) 207,527)

51,600) 926,220) 147,750) 239,780)

48,600) 915,266) 130,530) 234,041)

Institutional - Staff

Institutional - Canonical Institutional-Organization TOTAL INSTITUTIONAL

1,299,825)

1,275,338)

1,365,350)

1,328,437)

Total Institutions

13,500)

19,187)

17,400)

14,300)

TOTAL EXPENSES

1,448,605) (322,852)

1,427,955) (274,360)

1,498,380) (294,771)

1,448,337) (318,674)

NET OPERATING INCOME/LOSS NET OTHER INCOME/EXPENSES

323,070)

269,026)

323,700) 28,929)

318,700)

NET INCOME/LOSS

218)

(5,334)

26)

Glossary: Summary Budget: The budget approved by conventioning summarizing all income and expenses. Detail Budget: Budget that shows more specifics about income and expenses. Mission Asking Budget: Budget based on all parishes pledging the full VPG ASK, and expenses budgeted at desired levels. Proposed Budget: Budget proposed by the Executive Board based on actual pledges and adjusted expenses. Mission Initiatives : Expenses related to diocesan mission and ministry activities. Evans House Expenses : Overhead expenses connected to the diocesan office including utilities and maintenance. Staff Expense: Staff compensation including benefits, business expenses, travel, and continuing education. Canonical Expenses: Expenses required by Canon law including Annual Convention, diocesan audit, and trainings. Organizational Expenses: Expenses not required by Canon but related to organizational gatherings that support mission. Other Income: Operating support from investments, designated funds, trusts, and insurance proceeds. Other Expenses : Funds set aside annually for expenses that do not transpire every year; investments and casualty fees.

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