Archdiocese of Washington Treasurer's Report Summary

The Archdiocese of Washington Treasurer's Report for September 30, 2023, highlights a positive financial year in 2022. The income exceeded expenses, resulting in a net income of $4,414. With most parishes meeting their giving obligations and efficient cash flow management, the Archdiocese maintained a healthy financial position. The report includes details on the 2022 budget, income sources, expenses breakdown, and asset summary for the year.

• Archdiocese of Washington
• Financial Report
• Treasurers Report
• 2022 Overview
• Income Analysis

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1. Archdiocese of Washington Treasurer s Report Matthew Matyuf September 30, 2023 Archdiocese of Washington 1

2. Executive Summary 2022 Executive Summary 2022 2022 Budget = $ 106,519 Parishes paid their full 2022 First Fruits giving obligations, except 4 Parishes which were received early 2023 Additional $5,756 received via past unpaid invoices Income ($99K) exceeded Expenses ($94.6K) Net Income = $4,414 Compared to 2021, the ADOW went from a -$12K net income to a positive $4K Thanks to the funding of the Operating account of $24K, cash flow throughout the year was not an issue AND the steady & timely receipt of First Fruits income prevented us from having to draw down from the OPS Reserve account Archdiocese of Washington 2

3. Calendar Year 2022 Back Calendar Year 2022 Back- -up up Approved 2022 Budget: $106,519 First Fruit Splits (ADOW / OCA): 62% / 38% ADOW EOY Overview: Total Income: Outstanding Liabilities Total Expenses: (did not pay $4K for Background & $2K for DVP) Net Income: Ending Balance (does not include DDB): $99,014 $5,800 $94,599 $4,414 $92,435 Archdiocese of Washington 3

4. Archdiocese of Washington Finance Committee Presentation September 30, 2023 Archdiocese of Washington 4

5. 2022 Management 2022 Management Reports & Comments Reports & Comments Archdiocese of Washington 5

6. PROFIT and LOSS SUMMARY January 1 - December 31, 2022 INCOME Total First Fruits Income Current Year $92,480.05 Total First Fruits Income (Previous Year Catchups) $5,755.95 Total Other Income $777.00 Total Income $99,013.00 EXPENSES Total Administrative Expenses $7,079.00 Total Charitable Contributions $1,800.00 Total ADOW Travel $2,254.00 Total Episcopal Expenses $34,585.00 Total Mission Support Expenses (includes OCF) $15,300.00 Total Outreach $150.00 Total OCA First Fruits Contribution Expenses $33,431.00 Total Expenses NET Income/Expense $94,599.00 $4,414.00 Archdiocese of Washington 6

7. BALANCE SHEET SUMMARY January 1 - December 31, 2022 ASSETS Bank of America- Operating (checking) $25,238.23 OPS Reserve (savings) $40,134.59 Bank of America- Savings $1,641.54 AAC (Assessment) - escrowed funds $1,944.57 AAC Travel - escrowed funds ($404.92) Background Checks - escrowed funds $2,666.56 Emergency - Savings $24,000.00 Total ADOW Assets $95,220.57 Total DDB Assets (RESTRICTED FUNDS) $24,389.97 Total ADOW + DDB Assets $119,610.54 Total Liabilities $0.00 Total Equity NET Assets/Liabilities/Equity $0.00 $119,610.54 Archdiocese of Washington 7

8. First Fruits First Fruits The underlying premise of First Fruits is that we should give back to God a portion of those blessings He has given us Our Archdiocese will benefit from the prosperity of the individual Parish & as all of our Parishes prosper the Archdiocese will have additional funds to work with We have made a strong commitment to operate within the First Fruits income and to not ask for more money from the Parishes just to cover expenses Which is why we present a Zero-Based budget & as we bring more money in we can spend more for the benefit of all Archdiocese of Washington 8

9. 2023 YTD 2023 YTD Summary Summary Archdiocese of Washington 9

10. PROFIT and LOSS SUMMARY January 1 - August 31, 2023 INCOME Total First Fruits Income Current Year $72,207.63 (Employee Giving Programs, Incurance Rebate, & Interest) Total Other Income $3,723.48 Total Income $75,931.11 EXPENSES Total Administrative Expenses $5,358.43 Total Charitable Contributions $0.00 Total ADOW Travel $0.00 Total Episcopal Expenses $26,065.60 Total Mission Support Expenses (includes OCF) $10,066.64 Total Outreach $0.00 Total OCA First Fruits Contribution Expenses $29,266.45 Total Other $0.00 Total Expenses $70,757.12 NET Income/Expense $5,173.99 Archdiocese of Washington 10

11. BALANCE SHEET SUMMARY January 1 - August 31, 2023 ASSETS Bank of America- Operating (checking) $26,596.42 OPS Reserve (savings) $40,134.59 Bank of America- Savings $2,202.32 AAC (Assessment) - escrowed funds $4,277.93 AAC Travel - escrowed funds $595.08 Background Checks - escrowed funds $2,833.22 Emergency - Savings $24,000.00 Total ADOW Assets $100,639.56 Total DDB Assets (RESTRICTED FUNDS) $32,493.78 Total ADOW + DDB Assets $133,133.34 Total Liabilities $0.00 Total Equity NET Assets/Liabilities/Equity $0.00 $133,133.34 Archdiocese of Washington 11

12. Extra Payments for 2023 Extra Payments for 2023 The Finance Committee & the Chancellor have proposed distributing monies in December, 2023 contingent on funds being available $500: Archdiocesan Assembly paid to St. Nicholas $2700: Organizational Donation - Seminaries $500: Stewards of the OCA $1000: Archdiocesan - Other (Episcopal & Chancellor Discretionary) Archdiocese of Washington 12

13. 2024 ADOW 2024 ADOW Proposed Budget Proposed Budget Archdiocese of Washington 13

14. 2023 FINAL Budget 2024 Stretch Budget Line # ADOW Budget Projected First Fruits Income $104,446 $107,325 1 Transferred from OPS Reserve $0 $0 2 Transferred from DDB $0 $0 3 Transferred from Background Check Escrow $0 $2,833 4 Transferred from All American Council Escrow $0 $0 5 Other Income $1,000 $1,000 6 TOTAL INCOME $105,446 $111,158 7 Archdiocese of Washington 14

15. 2023 FINAL Budget 2024 Stretch Budget Line # ADOW Budget EXPENSES $39,398 $41,272 Episcopal Support 8 $39,689 $38,637 OCA First Fruits Contribution 9 Insurance-liability $3,500 $3,800 10 Background Check Fees $0 $3,000 11 Banking Fee(s) $200 $200 12 ADOW Computer Subscription $100 $250 13 Diaconate Vocational Program (DVP): Evaluations $0 $0 14 Diaconate Vocational Program (DVP): Vocational Training $0 $1,000 15 TOTAL PRIORITY #1 $82,887 $88,159 16 Remaining Income $ $22,559 $22,999 Archdiocese of Washington 15

16. 2023 FINAL Budget 2024 Stretch Budget Line # ADOW Budget EXPENSES $10,600 $8,900 Mission Board and Mission Support 17 All American Council Annual Set-Aside $3,500 $3,800 18 All American Council Travel & Lodging Annual Set-Aside $1,500 $1,500 19 Clergy Continuing Education $0 $0 20 $1,000 Archdiocesan Travel (Metropolitan Council, Chancellor-Treasurer's meeting) $0 21 OCF (St Johns, USNA) $3,000 $3,000 22 $2,700 Organizational Donation - Seminary (Tikhon, Vladimir, Herman) $0 23 TOTAL PRIORITY #1 & 2 $101,487 $109,059 Remaining Income $ $3,959 $2,099 Archdiocese of Washington 16

17. 2023 FINAL Budget 2024 Stretch Budget Line # ADOW Budget $500 Archdiocesan Assembly $0 24 Archdiocesan Youth Activities $0 $0 25 Outreach $0 $0 26 OCF (TBD) $0 $0 27 $1,000 Archdiocesan - Other (Episcopal & Chancellor Discretionary) $0 28 Communications $0 $0 29 Office Miscellaneous (mail, print, supplies, stamps) $0 $0 30 $500 Organizational Donation - Stewards of OCA $0 31 Organizational Donation - Assy of Canonical Bishops $0 $0 32 Organizational Donation - OCA Youth Program $0 $0 33 TOTAL ALL PRIORITIES $101,487 $111,059 Remaining Income $ $3,959 $99 17

18. Mission Board and Mission Status For 2024 Mission Board and Mission Status For 2024 Mission Board $0 No extra $ till income increases Mission Funding First 10 Years: $7K per year Holy Archangels $1,900 3 year past 10 years (3 of 3) St John the Theologian $7,000 start 10 years (3 of 10) Transition Plan after Year 10: Year 11 ($5300) Year 12 ($3600) Year 13 ($1900) TOTAL $8,900 Mission Parish First Fruits: (Years 1-5 1%, Years 6-10 1% increase until 5%) Archdiocese of Washington 18

19. Motion(s) Motion(s) 1. Accept the 2024 budget as presented Archdiocese of Washington 19

20. Financial Review Committee Financial Review Committee We are still looking for volunteers for our Financial Review Committee Please let Father John know if anyone from your Parish would be interested in assisting The Committee has completed their review of CY 2021 & 2022 The Committee will complete their review of CY 2023 before the February 2024 Archdiocese Council meeting Archdiocese of Washington 20

21. QUESTIONS? ARCHDIOCESE OF WASHINGTON FINANCE COMMITTEE SEPTEMBER 30, 2023 Thank You! 21

22. Archdiocese of Washington Distinguished Diocesan Benefactors Thank You! ! We Rejoice in your Generosity! ! As benefactors, we identify, bring awareness to and support spiritually, physically and financially- those activities, projects and ministries requiring substantial and significant need within our Archdiocese Becoming Vessels of Grace 22

23. 2022 Activity Distinguished Diocesan Benefactor Fund Program Gifts Vocations Deacon Eval s Vocations - Choir Program Gift 20th AAC Youth Program $ 1,850 Alaskan Outreach Initiative $ 18,150 $ 4,000 $ 2,000 Beginning Balance: $ 13,778 Total Income: $ 39,138 Gift Totals: $ 26,000 Mkt Expense/Pass-thru $ 2,527 Ending Balance: $ 24,389 As of December 31, 2022 23

24. Ending Balances Distinguished Diocesan Benefactor Fund General Fund Alaskan Initiative Vocations Vocations Music $ 14,317.06 $ 4,673.83 $ 2,709.54 $ 2,689.54 Total $ 24,389.97 As of December 31, 2022 24

25. Distinguished DiocesanBenefactors 2022 Highlights 2022 Highlights Thank You Donations totaling $39,138, more than any previous year DVP students, serving as DDB Ambassadors to each of our parish and missions Leaders: Juliana & Alex Woodill, Popadija Kitty & Fr John Vitko, Dn John Jubinski Funding Several Important Causes Transportation support for Alaskan delegates to the 20th AAC in Baltimore Creation of Our new Archdiocesan Choir Psychological evaluations for our diaconal candidates Support of youth programs at the 20thAAC, plus Alaskan Fellowship breakfast Exciting 2023 Program Additions Return of our annual Archdiocesan Day Celebration, Choir & Fellowship Events Vocations, Preparing Others, Sub-Deacons, Altar Servers, Readers, Finance, Music Alaskan Outreach Initiative, focus on Clergy Endowment Fund Archdiocese of Washington 25

26. QUESTIONS? DDBCommittee Ambassadors HIS BEATITUDE, METROPOLITAN TIKHON SUBDN MICHAEL MIHAILOV VERY REVEREND JOHN VITKO POPADIJA KITTY VITKO THOMAS JENKINS DEACON MATTHEW PRENTICE MATTHEW MATYUF, TREASURER LISA MIKHALEVSKY JOHN MINAHAN GREGORY HONSHUL, CHAIRMAN GARY CHILDS SUBDN. ALEXANDER WOODILL GEORGEKALOROUMAKIS SUBDN. CONOR TWEEDELL DN. JAMES MAGRUDER DN.STEFAN GLOMAZIC DN. IGOR PANYUTIN SEPTEMBER 30, 2023 Thank You 26