Diocesan Financial Overview for 2022-2023
The Episcopal Diocese of Southwest Florida presented its 2023 budget, detailing revenue sources, expenses, program allocations, and operational highlights. Key points include a surplus in operating funds, breakdown of expenditure areas, and financial impacts on programs like DaySpring. Losses and costs related to claims were also outlined, emphasizing financial challenges and management strategies.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
2023 Budget Presentation October 15, 2022 www.episcopalswfl.org
Program Revenue & Other $194,000 Released from Endowment $454,000 Diocesan Operating Budget Total Income Total Expense $3,970,000 Net Operating Surplus $ 69,000 $4,039,000 Apportionment $3,391,000
12.00% 10.00% 8.00% 6.56% 6.00% 4.25% 4.00% 2.00% 0.00% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 -2.00% Net Average 3 Year Return Approved Spending Rate Cummulative Cushion
Congregations Support & Development 18% Administration 55% Ministry & Programming 27%
$2,500,000 $2,011,000 $1,891,000 $2,000,000 $1,500,000 $977,000 $934,000 $1,000,000 $602,000 $509,000 $500,000 $- Congregational Support & Development Ministry and Programming Administration 2022 2023
$2,500,000 $2,011,000 $1,891,000 $2,000,000 $1,842,000 $1,814,000 $1,774,000 $1,500,000 $977,000 $934,000 $931,000 $914,000 $905,000 $1,000,000 $665,000 $602,000 $509,000 $492,000 $438,000 $500,000 $- 2019 2020 2021 2022 2023 Congregational Support & Development Ministry & Programming Administration
Operating Revenue From Diocese $375,000 Operating Revenue From Other Sources $1,360,000 DaySpring Operating Budget Youth Programs $120,000 Adult Programs $95,000 Total Income - Total Expenses $1,735,000 Net Operating Total $1,735,000 $0
Description Amount AC Replacements Showers (Dorms and Cabins) Flooring Foundation/Structural Other Total $46,400 $120,000 $55,000 $23,000 $5,600 $250,000
Losses estimated at $15.2 million Claims paid to-date $5.6 million Estimated OOP costs $1.6 million
Relief Proposal Approved by Diocesan Council in October Three-tiered approach 1. Suspend and forgive apportionments for impacted churches for remainder of 2022 2. Identify operational savings in 2022 to provide immediate relief 3. Actively seek donations and grants
Results to-date: Donations/grants received Internal funds made available Assessment relief $501,000 371,000 198,000 $1,070,000
Results to-date: Raised to-date Payments issued to churches Assessment relief Available $1,070,000 (294,000) (198,000) $578,000
Diocese contracted with DCMC to facilitate FEMA grant on behalf of all impacted congregations SBA loan applied FEMA application submitted Site visits complete with DCMC
