The Future of the Presbytery of Prospect Hill

Three Options

FINANCIAL IMPLICATIONS Analysis Deficit budget will result in running out of

money eventually Major spend: Salaries, Synod/GA per capita,

Mission obligations Time to insolvency estimated with

mission constant, per capita or equivalent held constant,

2008 membership numbers 3% increase in cost per year, and loss of 250 members per year

Major Expense Summary Total major sub

Administrative and Connectional Support 210,015 GA meeting 3,200 1%Finance Working Group 11,980 3%

Audit Expense 4,550 1%Accounting Services (Synod) 4,800 1%

Staff 111,407 31%EP Salary and expenses 53,710 27%Support Staff FICA 3,529 1%Insurance, Workers' Comp 6,900 2%

Records 25,210 7%Stated Clerk Salary and expenses 14,216 4%Clerk Asst Salary (1/3 time) 10,594 3%

Facilities and operations 16,240 4%Meeting and Council support 4,000 1%Communications 37,978 10%

Communications/ AA Salary and expense 33,378 9%

Congregational Development and Care 14,600 Leadership Working Group 14,250 4%

Committee on Ministry 9,000 2%Committee on Prep for Ministry 3,000 1%Lay Academy 2,000 1%

Mission 139,444 38%

Synod Per Capita 40,095 11%GA Per Capita 49,499 14%Presbyterian Camp At Okoboji 32,000 9%South East Asia NCD 12,000 3%Buena Vista Chaplain 2,500 1%

Total Expenses 364,059 100%

Presbytery of Prospect Hill2008 Budget with updated estimates

FINANCIAL IMPLICATIONS Expense Summary

Major Expense Summary Total major sub

Administrative and Connectional Support 210,015 GA meeting 3,200 1%Finance Working Group 11,980 3%

Audit Expense 4,550 1%

Accounting Services (Synod) 4,800 1%

Staff 111,407 31%

EP Salary and expenses 53,710 27%

Support Staff FICA 3,529 1%

Insurance, Workers' Comp 6,900 2%Records 25,210 7%

Stated Clerk Salary and expenses 14,216 4%

Clerk Asst Salary (1/3 time) 10,594 3%Facilities and operations 16,240 4%Meeting and Council support 4,000 1%Communications 37,978 10%

Communications/ AA Salary and expense 33,378 9%

Congregational Development and Care 14,600 Leadership Working Group 14,250 4%

Committee on Ministry 9,000 2%

Committee on Prep for Ministry 3,000 1%Lay Academy 2,000 1%

Mission 139,444 38%

Synod Per Capita 40,095 11%

GA Per Capita 49,499 14%

Presbyterian Camp At Okoboji 32,000 9%

South East Asia NCD 12,000 3%

Buena Vista Chaplain 2,500 1%

Total Expenses 364,059 100%

Total Revenues 336,268 92%

Net Income (27,791) -8%

Presbytery of Prospect Hill2008 Budget with updated estimates

FINANCIAL IMPLICATIONS Current Structure

Presbytery of Prospect Hill Budget Worksheet 2008 Approved Budget  

2008 Budget with updated estimates

               

  Total Revenues   336,268   336,268

  Total Expenses   362,759   364,059

  Net Income   (26,491)   (27,791)

               

 Presbytery membership

Reported 8,549   8,549

  Estimated 8,224   8,224

               

Metrics Administrative and Connectional Support   57%     58%

  Congregational Development and Care   4%     4%

  Mission     39%     38%

               

Reserves Total   536,134   536,134

  Amount over 1x budget   173,375   172,075

FINANCIAL IMPLICATIONSThree Proposals Budget Impact Current Structure

No budget change Share staff with neighboring presbytery

1/2 office cost, full Com Coord/AA, 1/2 of 1/4 time stated clerk, 1/2 EP, 1/2 Associate Presbyter, same meeting/ Mission cost

Missional Presbytery Model Option A: 80% office cost, full Com Coord/AA, 1/4 stated

clerk, 1/2 EP equivalent, RCG funding, same Mission cost Option B: 80% office cost, full Com Coord/AA, 1/4 stated

clerk, 1/2 EP equivalent, RCG funding, full Transition Associate, same Mission cost

Option C: 80% office cost, full Communications/AA, 1/4 stated clerk, 1/2 EP equivalent, RCG funding, full Transition Associate, same Mission cost, increased per capita

FINANCIAL IMPLICATIONS

Maintain

Current

Structure

Shared

Staff w/

NCIP

Missional

Structure

Opt A

1/2 time EP

Missional

Structure

Opt B Transition

staff

Missional Structure

Opt C$15.75 to $28 Presb per capita

Estimated Time to 1 yr reserve

5 9 9 2 8

Estimated time to insolvency

9 12 13 6 11