Approved Convention Budget Forecast THE NUMBERS October 24,
TABLE OF CONTENTS TOTAL INCOME 3 TOTAL EXPENDITURES 4 MINISTRY AND MISSION 5 DIOCESAN ORGANIZATION 7 Page 2
1 TOTAL INCOME (in $) Income 1 a Assessments 1,660,090 1,775,278 1,702,062 1,690,000 1,723,000 Rate 20% 20% 19% 18.5% 18% 1 b Investment Income Portfolio (Restricted) 275,476 272,000 274,100 277,500 284,000 Portfolio (Unrestricted) 2,102 2,200 2,200 2,200 2,300 Von Holt Fund (Unrestricted) 140,286 187,300 198,900 202,900 207,000 Helen Hagemeyer End Fd (Restricted) - - 25,000 50,000 51,000 Ing Fund (Unrestricted) 65,550 88,700 92,800 94,700 96,600 Catton Fund (Restricted) 22,108 22,800 23,300 23,700 24,200 Parke Trust (Unrestricted) 45,068 45,200 47,700 48,700 49,700 Prisanlee Fund (Unrestricted) 19,001 19,300 20,400 20,800 21,200 Valvon Fund (Unrestricted) 22,800 20,000 22,440 22,900 23,300 Total Investments 592,391 657,500 706,840 743,400 759,300 Rentals 1 c Apartments 87,963 90,800 97,800 99,300 101,800 1 d Parking 94,233 95,800 96,700 98,200 99,600 Total Rentals 182,196 186,600 194,500 197,500 201,400 1 e Interest 14 500 500 500 500 1 f Miscellaneous 15,791 6,000 6,000 6,000 6,000 GRAND TOTAL INCOME 2,450,482 2,625,878 2,609,902 2,637,400 2,690,200 Page 3
TOTAL EXPENDITURES (in $) Expenses Ministry and Mission 726,311 968,528 832,352 841,750 858,600 Diocesan Organization 1,703,076 1,657,350 1,777,550 1,795,650 1,831,600 GRAND TOTAL EXPENSES 2,429,387 2,625,878 2,609,902 2,637,400 2,690,200 SURPLUS 21,095 - - - - Page 4
MINISTRY AND MISSION (IN $) DIOCESAN INITIATIVES 2 a Korean Missioners 75,000 75,000 12,000-2 b Native Hawaiian Ministry Committee 4,262 22,000 5,000 5,000 2 c Pacific Islander Ministry Committee 1,498 5,000 5,000 5,200 2 d Pacific Islander Missioner 73,548 79,800 60,500 61,700 Subtotal 154,308 181,800 82,500 71,900 73,300 CONGREGATIONAL SUPPORT 3 a Audit Expenses - Missions 39,911 37,500 41,500 42,400 3 b Calvary/St. Johns By the Sea - 24,000 12,000 12,000 3 c Cathedral Wahi Kapu - 10,000 - - 3 d Grace, Molokai 70,000 65,000 75,000 75,000 3 e St. James/ St. Columba's - 20,000 18,000 15,000 3 f St. Jude's, Ocean View 4,500 4,200 4,200 4,000 3 g West Kauai 30,000 - - - 3 h West Oahu 195,295 200,000 170,000 165,000 3 i Windward Shared Ministry 37,750 - - - Subtotal 377,456 360,700 320,700 313,400 319,700 DISCIPLESHIP 4 a Camp Mokuleia - - 25,000 25,000 4 b Christian Formation 23,625 55,000 50,000 51,000 4 c Diversity Training - 4,000 2,000 2,000 4 d EYE Reserve - 10,000 10,000 10,000 4 e Planned Giving 1,317 10,000 10,000 10,000 4 f Safe Church Training 6,154 8,150 8,000 8,200 4 g Stewardship 8,465 14,000 12,000 12,000 4 h Summer Camp 10,535 5,000 - - 4 i Summer Camp - Scholarship - - 5,000 5,000 4 j Youth and Young Adult Ministry 25,407 20,000 15,000 15,000 Subtotal 75,503 126,150 137,000 138,200 141,000 Page 5
MINISTRY AND MISSION (IN $) - Continued OUTREACH AND JUSTICE 5 a A Cup of Cold Water - 5,000 5,000 5,000 5 b Ecumenical/Interfaith Relationships 500 500 1,200 1,200 Subtotal 500 5,500 6,200 6,200 6,300 MINISTRY DEVELOPMENT 6 a Church Administration Development - - 8,000 8,000 6 b Clergy Conference 8,096 28,150 20,000 20,000 6 c Curacy Support - 42,100 120,000 150,000 6 d Licensed Ministries/Ministry Resources 1,102 2,000 1,000 1,000 6 e Other 7,190 7,800 10,000 10,000 6 f Seminarian Support 4,375 5,000 6,000 6,000 6 g Vibrant Ministry Programs 6,144 20,000 - - 6 h Local Ordination Formation Program 46,398 62,600 64,000 64,000 Subtotal 73,305 167,650 229,000 259,000 264,200 OTHER 7 a Diocesan Council Grants 17,200 88,800 45,552 41,650 7 b Bishop's Emergency Reserve 28,039 36,528 10,000 10,000 7 c Treasurers' Consultations - 1,400 1,400 1,400 Subtotal 45,239 126,728 56,952 53,050 54,100 TOTAL MINISTRY AND MISSION 726,311 968,528 832,352 841,750 858,600 Page 6
DIOCESAN ORGANIZATION (IN $) EPISCOPATE 8 a Bishop 225,814 220,800 223,700 226,800 8 b Bishop's General Convention Travel 2,600 2,600 3,000 3,000 8 c Executive Assistant 82,973 84,400 85,500 86,400 8 d Hospitality 13,577 19,300 18,000 18,000 8 e Keyman Insurance 534 550 550 550 8 f Travel & Continuing Education 31,852 26,800 26,800 27,000 Subtotal 357,350 354,450 357,550 361,750 369,000 OFFICE OF BISHOP STAFF 9 a Academic Dean - 24,000 30,000 30,500 9 b Bookkeeper 52,286 72,700 72,700 73,400 9 c Admin. General 19,105 24,300 23,900 24,100 9 d Administrative Program Support 12,180-30,000 30,300 9 e Canon for Mission and Leadership - - 155,000 157,000 9 f Canon to the Ordinary 102,194 - - - 9 g Office Manager 25,496 78,500 79,500 80,300 9 h Treasurer 184,148 189,200 193,400 195,300 9 i Youth Director 49,391 50,000 - - Subtotal 444,800 438,700 584,500 590,900 602,700 ADMINISTRATION Diocesan Expense 10 a Advertising 4,254 2,500 2,600 2,600 10 b Archives 328 3,600 6,000 4,000 10 c Audit Expenses - Diocese 28,468 29,500 29,700 30,300 10 d Chancellor's Expenses 250 4,300 5,000 5,000 10 e Contract Communications Coordinator 13,464 14,800 18,000 18,000 10 f Diocesan Convention 3,352 8,500 6,700 6,700 10 g Directors & Officers Insurance 6,460 6,900 7,100 7,200 10 h General Convention Deputy Support 14,000 14,000 15,000 15,000 10 i Grant Writer - - 10,000 10,000 10 j Internet/Website Support 3,425 3,000 2,000 2,000 10 k Legal & Related Expenses 15,935 15,000 15,000 15,300 10 l Meeting Costs: Other 898 1,500 1,500 1,500 10 m Mutual Ministry Review (MMR) - - 5,000-10 n Office Expenses 111,695 60,500 61,600 62,400 10 o Property - Cluett 70,424 45,800 57,000 57,000 10 p Property - Diocese 7,981 11,500 11,500 11,700 10 q Property - MacCray House 12,799 15,500 15,800 16,100 10 r Property Taxes 15,704 14,200 16,400 16,700 10 s Province VIII Quota 10,000 10,000 12,000 12,000 10 t Social Media - - 4,500 4,500 10 u Staff Continuing Education 9,542 10,700 15,000 15,000 10 v Staff Support costs 14,648 10,000 10,000 10,200 10 w Storage 3,400 3,500 7,400 7,600 10 x Technology Suppport 33,254 40,000 40,000 40,000 10 y The Episcopal Church Quota 313,700 312,000 304,800 314,100 Subtotal 693,981 637,300 679,600 684,900 698,600 Page 7
DIOCESAN ORGANIZATION (IN $) - Continued Ault Memorial Office Building Expense 11 a Cathedral Capital Reserve - 34,000 34,000 34,000 11 b Diocesan Office Cleaning Expense 7,217 8,800 9,000 9,200 11 c Security Shared with the Cathedral 7,300 7,600 7,800 8,000 11 d Shared Cathedral Expenses 91,098 24,000 24,500 25,000 Subtotal 105,615 74,400 75,300 76,200 77,700 Travel 12 a Governance Groups 32,211 30,800 30,000 30,000 12 b Staff Travel 8,519 9,000 7,000 7,000 Subtotal 40,730 39,800 37,000 37,000 37,800 Other 13 a Kapolei land 17,792 18,000 18,400 18,400 13 b Medigap Program 22,108 24,000 25,200 26,500 13 c Pearl Harbor land lease rent 20,700 20,700 - - 13 d Property Consulting - 50,000 - - Subtotal 60,600 112,700 43,600 44,900 45,800 TOTAL DIOCESAN ORGANIZATION 1,703,076 1,657,350 1,777,550 1,795,650 1,831,600 Page 8