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

2017 2018 2019 2020

Cash $185,676 $206,560 $226,607 $325,435 Investments $477,164 $504,404 $575,670 $578,121 Property $5,702,810 $5,702,810 $5,702,810 $5,702,810 Total Assets $6,365,651 $6,413,774 $6,505,087 $6,606,366 Liabilities $67,160 $48,476 $22,037 $11,880 Fund Balance $6,298,492 $6,365,298 $6,483,050 $6,594,486

Statements of Income

Revenues 2017 2018 2019 2020

Pledge Plate Offerings Other Income Total Revenue $443,997 $435,634 $456,852 $410,058 $13,347 $15,659 $13,589 $4,872 $9,012 $9,983 $1,211 $39,920 $466,355 $461,276 $471,653 $454,850

Expenses

Missions Rector and Staff

$57,499 $58,786 $66,881 $65,217 $246,218 $277,465 $217,179 $185,813 Programs $25,537 $35,491 $35,040 $16,828 Building and Grounds $106,529 $107,869 $105,969 $84,605 Administrative $27,962 $30,785 $34,422 $32,986 Total Expenses $463,745 $460,395 $454,491 $385,449 Net Income (Loss) $2,610 $881 $17,162 $69,401