17
Financial Management The church has a long history of disciplined management of the financial resources afforded by the parish’s generosity and God’s blessings. The church has maintained a balanced annual budget for the last four years. A stable income stream from annual pledging to make renewed investments in staffing, community outreach, and essential ministries. The financial condition of Nativity for the past four years is reflected in the following summarized statements of assets, liabilities, and fund balance and statements of income. Balance Sheets Assets Cash Investments Property Total Assets Liabilities Fund Balance
2017 $185,676 $477,164 $5,702,810 $6,365,651 $67,160 $6,298,492
2018 $206,560 $504,404 $5,702,810 $6,413,774 $48,476 $6,365,298
2019 $226,607 $575,670 $5,702,810 $6,505,087 $22,037 $6,483,050
2020 $325,435 $578,121 $5,702,810 $6,606,366 $11,880 $6,594,486
Statements of Income Revenues Pledge Plate Offerings Other Income Total Revenue Expenses Missions Rector and Staff Programs Building and Grounds Administrative Total Expenses Net Income (Loss)
2017 $443,997 $13,347 $9,012 $466,355
2018 $435,634 $15,659 $9,983 $461,276
2019 $456,852 $13,589 $1,211 $471,653
2020 $410,058 $4,872 $39,920 $454,850
$57,499 $246,218 $25,537 $106,529 $27,962 $463,745 $2,610
$58,786 $277,465 $35,491 $107,869 $30,785 $460,395 $881
$66,881 $217,179 $35,040 $105,969 $34,422 $454,491 $17,162
$65,217 $185,813 $16,828 $84,605 $32,986 $385,449 $69,401
“worship, love, belong, grow and serve.”
