2021 NARRATIVE BUDGET - The Episcopal Diocese of Olympia - C.1 Fall Recommended
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
2021 NARRATIVE
BUDGET
C.1 Fall Recommended
The Episcopal Diocese of Olympia
The Episcopal Church in Western Washington
The Episcopal Branch of the Jesus Movement in Western Washington
In union with our Bishop, the Episcopal Diocese of Olympia, part of the Jesus
Movement, bears witness to God’s redemptive reign and acts out God’s inclusive love,
peace, and justice, uniquely living out this call within our specific local communities.
• Instead of operating from a “top-down” model that prizes centralized leadership, we
believe that each congregation must be free to live out this vision in a way that best
meets the unique needs of their specific community.
• We believe that our more than 100 worshiping communities are stronger when there
are connections that allow our congregations to share stories, resources, challenges,
and triumphs with one another.
• We are committed to equipping and empowering a community who is learning, grow-
ing, and gathering regularly to proclaim the good news of God as revealed in the life,
ministry, and witness of Jesus Christ.
• We are a liturgical community that is rooted in our common prayer and our celebra-
tion of Holy Eucharist, which forms us and prepares us to step beyond our church
walls and serve our neighborhoods, our towns and cities, and the world.
CONTENTS:
From the Bishop
From the Budget and Finance Committee
Congregational Development & Support for Congregations & Leaders
Clergy Leadership & Bishop Directed Programs
Truth and Reconciliation
Faith Formation for All Ages
Stewardship and Development of All Our Resources
Telling Our Stories
Global Mission Work
Supporting the Work of the Broader Church
Corporate and Canonical Responsibilities
Budget Graphs
Budget Summary
2021 BUDGET C.1 FALL RECOMMENDED PAGE 2
The Episcopal Diocese of Olympia
The Episcopal Church in Western Washington
A LETTER FROM THE BISHOP
Dear Ones,
I am pleased to offer you, the Diocese of Olympia, the Narrative Budget for
2021. Of course, it goes without saying, but I will anyway, these are very interest-
ing times we find ourselves living in and through. There are still many unknowns,
and when that is true, it is most especially difficult to forecast a budget. Throw
into that the two ongoing pandemics of the virus and racism, and this year is
even more of an adventure and a mystery. Still, we are called to be Church and
are needed even more because of just these things. This budget reflects long
hours of discernment, work, and vision by so many. I want to thank them here
and also thank all of you, without whose generosity and trust, none of this would
be possible.
I direct you now to the Rev. Dennis Tierney, Budget and Finance Chair,
and his letter which opens up and summarizes this Narrative Budget.
I want to thank him for his tireless work on our behalf and to com-
mend his words. He says this so much better than I could.
Our buildings may be closed, we may be separated, but our
Church is alive and well and open thanks to all of you.
Blessings,
The Rt. Rev. Gregory H. Rickel
2021 BUDGET C.1 FALL RECOMMENDED PAGE 3
2021 BUDGET LETTER
from
THE BUDGET & FINANCE COMMITTEE, DIOCESAN COUNCIL
The Recommended 2021 Operating Budget of the Diocese of Olympia: A Narration
Dear Members of the Diocese of Olympia,
Queen Elizabeth, in a speech given during the 40th year of her accession to the throne, referred
to the year thusly, “1992 is not a year on which I shall look back with undiluted pleasure. In the
words of one of my more sympathetic correspondents, it has turned out to be an annus hor-
ribilis.”1 Many of us will, no doubt, join the Queen in referring to 2020 as our annus horribilis. It
already has been a difficult year and there is, sadly, more to be endured.
Thus, one might expect, in this time of pandemic, this time of economic distress, this time of
social and political unrest, that a budget for an organization like the diocese would be character-
ized by deep caution about new programs and prudent reductions in expenses in all areas. But
we are Gospel people; we are Easter people. Our 2021 budget is characterized by boldness in
the face of adversity; by hope in defiance of distress, by belief in our better angels as a society,
and by our baptismal covenant to see the face of Christ in everyone we meet.
Our 2021 budget is slightly larger than previous budgets even though our expected revenues
from congregational assessments and investment dividends are lower than previous years. We
believe that the economic distress caused by COVID-19 and by federal economic decisions will
likely reduce our primary sources of revenue. We estimate that decline to be about 5% in con-
gregational assessments and about 1% in dividend income. But we are proposing both continu-
ing program support for congregations and the diocese in general and selected new programs
to address critical areas of concern in our diocese. This budget maintains all of our existing
programs, increases support for multicultural ministries, for communication support in a time of
virtual worship and meetings, for our clergy residency program, and, most importantly, for new
programs in the anti-racist work of “Truth and Reconciliation.”
The means of accomplishing this lies in the use of net retained assets (savings accumulated over
the last several years) and the judicious use of capital gains, earned from the growth of our Di-
ocesan Investment Fund. While we have used both these sources in previous years, our use has
increased significantly for 2021 from about 9% of the total revenues to 16% of total revenues.
We believe the rewards are worth the risk. We acknowledge that tapping deeper into “savings”
in a time of uncertainty is counter-intuitive, but then, so is Christianity itself. As a matter of fiscal
prudence, we intend to monitor our revenue sources very closely in the rest of 2020 and all of
2021. We are prepared to respond to declines in our primary revenue sources as necessary to
preserve staff and programs.
As always, the fundamental financial soundness of our diocese rests on the contributions of
thousands of Episcopalians in Western Washington and in the careful investment of contribu-
tions received from our forebears. These funds, in turn, have been spent with care by diocesan
staff. I have argued before that we budget generously but spend parsimoniously. Our ability to
be bold in difficult times rests on these values and practices.
1
For those of you who love Anglican trivia, the historical reference to annus horribilis was from 1891,
referring to 1870, the year the Pope proclaimed the doctrine of papal infallibility.
2021 BUDGET C.1 FALL RECOMMENDED PAGE 4
2021 BUDGET LETTER (continuted)
On a more personal note, Budget and Finance Committee wants to acknowledge that this bud-
get sadly was completed without the presence of Barbara Fox, our Diocesan Treasurer. It has
been a personal and professional privilege and delight to work with Barb over these past years.
Her dedication to the diocese is unparalleled. Her competence as our Treasurer is unassailable.
She was a key person in obtaining Payroll Protection Plan funds for the diocese and its mis-
sions. We are reminded of her many contributions to the diocese each day when problems she
would have easily solved require the attention of several of us. She is deeply missed. We ask
your continued prayers for her, for Les, her husband, Heidi, her daughter, and her whole family
as they nurture and support her recovery.
Budget and Finance Committee thanks the diocesan staff for their continued excellence in min-
istry during this extremely challenging year. Like our Treasurer, their considerable gifts are only
matched by their patience and good humor. They have shown great resilience in their work
this year and have done so with panache.
In this time of rapidly changing economic circumstances, the diocese has been blessed by the
skill and expertise of our Consulting Canon for Finance, Hal Hall. He and his staff have provided
detailed financial information throughout all the changes imposed by the pandemic. They have
prepared multiple iterations of both the 2020 operating budget and the proposed 2021 budget
as information shifted and changed.
Lastly, as Chair of Budget and Finance since 2013, I have been blessed by a wonderful team of
colleagues on the committee. They do the “heavy lifting” and they do that work with aplomb
and their own panache. I want to call out, though, for special congratulations one member of
Budget and Finance. Jim Campbell has been serving on this committee since 2005. He chaired
the Committee from 2006 to 2010. He has forgotten more about the finances of this diocese
than I could ever learn. He is a “living treasure,” and my calling this out will embarrass him
greatly but I delight in doing it anyway.
In Christ,
The Rev. Dr. Dennis S. Tierney
Chair, Budget and Finance Committee
Diocesan Council
Members of Budget and Finance Committee 2019-2020
Joel Rupley Hal Hall
Heather Irwin Canon Dede Moore
Stu Case The Rev. Canon Arienne Davison
David Coburn The Rt. Rev. Gregory H. Rickel
Jim Campbell
Barbara Fox
The Rev. R. C. Laird
2021 BUDGET C.1 FALL RECOMMENDED PAGE 5
The EPISCOPAL DIOCESE of OLYMPIA:
CONGREGATIONAL DEVELOPMENT
We believe that developing healthy congregations is central to our call.
TOTAL
2021 BUDGET
$361,786
To that end, we have a clear strategy and
ethos of development and health in all our
congregations, no matter what the size or
context. We assist congregations in facilitating
clear expectations and in developing lead-
ers—lay and clergy—who are equipped with
the skills and have the understanding to take
responsibility for development. We believe
that congregational development means far
more than numerical growth, but when de-
velopment is done well, numerical growth is
often an outcome.
2021 BUDGET C.1 FALL RECOMMENDED PAGE 6
The EPISCOPAL DIOCESE of OLYMPIA:
SUPPORT FOR CONGREGATIONS & LEADERS
TOTAL
2021 BUDGET
$978,802
Grants: We enhance minis- Resources and Leadership develop practitioners from
try, revitalize congregations Training: We train leaders within existing congregation
and staff for program growth for vestries and bishop’s lay and clergy leadership.
through our grant programs. committees, supply vestry Most participants are mem-
handbooks, and facilitate bers of teams from congre-
Evangelism: We enable leadership training days. gations within the Diocese of
congregations to focus their Olympia. The College is open
growth potential through Property-Specific Congrega- to other participants and has
social media channels and tion Support: We preserve hosted individuals and teams
improved web presence. the integrity of the prop- from other Episcopal dioces-
erty that has reverted to the es and the broader Anglican
Congregation Consulting diocese due to congregation Communion. We are actively
Network: We guide and closings and support congre- working on virtual methods
coach congregation leaders gations in specific, emergent to deliver CCD curriculum
by facilitating workshops, re- situations. and content.
treats and MMA/MMR work.
Misconduct Case Manager/ Technology assistance and
Congregations in Transi- Congregations in Conflict: resourcing: In the midst of
tion: We provide consultants We ensure compliance with COVID-19 we are resourcing
for congregations in transi- Title IV (disciplinary canon), congregations towards vir-
tion and funding to gather intake officers, and complaint tual ways to gather, worship,
objective data and complete investigations. We also pro- and connect through com-
diocesan-identified assess- vide support for therapeutic municating best practices,
ments. intervention. and empowering congre-
gational leaders to discover
Data: We help congregations College for Congregational what works best for their
understand their communi- Development: We provide congregations in this time.
ties by providing access to a comprehensive training
MissionInsite demographic program to nurture and
information.
2021 BUDGET C.1 FALL RECOMMENDED PAGE 7
The EPISCOPAL DIOCESE of OLYMPIA:
CLERGY LEADERSHIP
Clergy Residency: Our curacy program part- Clergy Days: We provide opportunities for
ners newly-ordained, seminary-trained clergy training, education, and collegial development
raised up from within the Diocese of Olympia through clergy days, workshops, and retreats
with well-qualified clergy mentors in congrega- hosted by the bishop.
tions where it has been determined that the
curacy experience will be fruitful. The diocesan Clergy Support Groups: As we work with
budget provides half of the salary, pension, the dual pandemics of COVID-19 and systemic
insurance, and moving costs for the clergy, racism impacting our congregations, we are
and congregations commit to funding the working to provide clergy with specific support
other half. and networking opportunities that provide
training, collegial support, and safe space to
First Time in Charge: Our two-year program process and learn from the particular
for first-time rectors/vicars consists of 18 units challenges of our time.
with the goal of contributing to successful and
effective leadership.
The EPISCOPAL DIOCESE of OLYMPIA:
EMERGING MISSIONS
We provide support for
ongoing, emerging, and
alternative missions in
our diocese and support
for churches who need
assistance in revitalizing
and reorganizing their
Emerging Ministry: congregations.
We provide support for our Total Common Ministry (TCM) and local
priest congregations through our missioner and leadership retreats.
2021 BUDGET C.1 FALL RECOMMENDED PAGE 8
The EPISCOPAL DIOCESE of OLYMPIA:
BISHOP DIRECTED PROGRAMS
TOTAL
2021 BUDGET
$250,500
Bishop’s Holy Land Pilgrimage:
A yearly opportunity to be refreshed in the faith and to deepen
the Christian experience. Bishop Rickel leads clergy in the foot-
steps of Jesus and encounters God’s Word in the Holy Land.
Bishop’s Initiative Grants: We provide seed Diocesan House
money for new and innovative ministries from Carbon Offsets:
congregations. This new initiative
provides off-sets for
Bishop Directed Grants: We provide resources the carbon diox-
for the redevelopment of programs and support ide emitted due to
for existing programs. lighting and heating
Diocesan House by
Jesus Movement Initiatives: We provide fund- planting trees in the
ing for congregationally sourced initiatives that Southern Philippines
support and help our diocese live into the Pre- through our sister
siding Bishop’s vision of mission as outlined in diocese so that the Office of the
the Jesus Movement Bishop will become carbon neutral.
Non-Profit Management Training: This new
program on management skills training for non-
profit organizations will be open to lay and clergy
leaders in the diocese.
Bishop’s Leadership Conference: Our week-long
conference explores what it means for churches
to be faithful, healthy, and effective in their
current, local context, and helps congregations
discern how God may be calling them to grow
in new ways.
2021 BUDGET C.1 FALL RECOMMENDED PAGE 9
The EPISCOPAL DIOCESE of OLYMPIA:
TRUTH AND RECONCILIATION
TOTAL
2021 BUDGET
$250,000*
Truth-Telling: We share the stories of Christians who
have experienced racism in the Church and the world.
Multicultural Congregations: We provide operational
assistance for congregations with an ethnic or multi-
cultural identity.
Leadership Development: We provide learning and forma-
tion for Intercultural Competency and Dismantling Racism.
Church-Wide Connections: We provide connections to
and with church-wide ethnic and multicultural ministries.
Advocacy: We advocate for ethnically and racially
marginalized peoples.
Ethnic Ministries Circles of Color is a grassroots network
in the diocese that provides the connection and network-
ing, the advocacy, the POC leadership formation support,
the ethnic community support, and truth telling which the
Diocese of Olympia leadership has failed to do.
We have failed to do many of these things and
have hurt members of our Body. As members of
the Diocese of Olympia, when we fall into the sin
of racism, we will acknowledge our fault and turn
to Jesus Christ for forgiveness.
*
Figure includes $100,000 from Bishop Directed Initiatives
for Truth & Reconciliation combined with the $150,000 for
2021 BUDGET C.1 FALL RECOMMENDED PAGE 10 Multicultural Ministries.The EPISCOPAL DIOCESE of OLYMPIA:
FAITH FORMATION FOR ALL AGES
TOTAL
Faith formation encompasses the minis- 2021 BUDGET
tries and activities offered by the church
that help people grow in faith and in $201,771
their understanding of and love for God.
Children & Families Ministry: We believe Life-Long Learning: We resource local church-
connecting with families is critical to the health es by spotlighting best practices and providing
of our diocese, and we introduce and support resources and instructional materials. Our an-
innovative approaches to this vital ministry nual mini-conference, Better Together, gathers
through quarterly leadership meetings, topical staff, volunteers, clergy, musicians, and artists
webinars, consultations, workshops, and to share and experience the best ideas in faith
mini-grants. formation from across the diocese.
Youth Ministry: We complement the efforts
of local youth ministries by coordinating large
scale events - retreats, backpacking trips, and
service projects - that bring middle and high
school students together. Weekly online Youth
Nights maintain the community connection
even as we continue social distancing.
Campus Ministry: We support the dedicated
efforts of Christ Church, Seattle and St. Paul’s,
Bellingham in reaching out to students at UW
and WWU through worship, community service,
pastoral care, and spiritual discernment.
Young Adults: Through leadership opportuni-
ties, annual retreats, and by underwriting par-
ticipation in faith-based conferences, we engage
people in their 20s and 30s. The Bishop’s Young
Adult Advisory Team is a dynamic group of in-
fluencers who lead workshops on what
young adults are looking for in church.
2021 BUDGET C.1 FALL RECOMMENDED PAGE 11The EPISCOPAL DIOCESE of OLYMPIA:
FAITH FORMATION FOR ALL AGES
TOTAL
2021 BUDGET
$46,628
Resource Center: We maintain a collection Education for Ministry: Through our contract
of circulating and reference materials for with Sewanee, we assist in training mentors
congregations and individuals. We adhere and support local trainings as possible, given
to the COVD-19 guidelines for in person use, COVD-19 guidelines.
and while browsing in the collection is not
possible while the Office of the Bishop is
closed, books may be sent and returned
by mail.
TOTAL
2021 BUDGET
Iona Olympia School:
We provide a comprehensive academic and $102,128
practical curriculum for postulants seeking
ordination to the diaconate, those seeking local
ordination as priests and deacons, and for lay
persons who feel called to such training.
2021 BUDGET C.1 FALL RECOMMENDED PAGE 12The EPISCOPAL DIOCESE of OLYMPIA:
STEWARDSHIP AND DEVELOPMENT OF ALL OUR RESOURCES
We believe Christianity is a faith of abundance and blessings TOTAL
that calls us to use our gifts for the glory of God. Becoming a 2021 BUDGET
people truly in touch with this reality makes us stewards of all
our resources - human, financial, material, and spiritual.
$35,275
Jesus teaches us that when we live for others we have abundant life. We assist congrega-
tional leaders in strengthening the stewardship of all resources in their congregations, and
we practice this at a diocesan level.
We also believe that, at Creation, God gave us responsibility for the care of the earth. More
than ever before, we are aware that what we do affects those in the next generations.
• Regional Workshops: We facilitate workshops on planned giving, environmental
stewardship, annual campaigns, development, and formation for all ages.
• Planned Giving: We formed the Diocesan Joint Planned Giving Ministry Team with
the Cathedral Foundation and Saint Mark’s Cathedral to bring the very best planned
giving resources and assistance for our congregations and their members.
• Bishop’s Society: We build membership through support and initiation of
Legacy Societies. All people within the diocese have the option to become
members by naming any Episcopal congregation or program in their estate plans.
• Stewardship Assistance: We assist churches by providing ongoing support to
green initiatives, online giving options, and Stewardship ministries.
• Bishop’s Committee on the Environment: We support congregations in environmen-
tal creation care ministries and administer “green grants” to lower impact on the envi-
ronment. We assist with energy audits and provide resources for environmental stew-
ardship, responsible investments, and environmental advocacy.
• Carbon Offset Partnership: We are part of a global mission partnership to stem cli-
mate change and address environmental justice issues through reforestation, reduction
of CO2 footprints, community development, relationships, and funding carbon offsets.
• Episcopal Community Action: We expand knowledge about and participate in
ECA to support ministries involved in meeting the needs of God’s people across
Western Washington.
• The Episcopal Network for Stewardship:
We promote and continue to partner with
TENS, including corporate and congregational
membership, to encourage transformation
through stewardship.
2021 BUDGET C.1 FALL RECOMMENDED PAGE 13The EPISCOPAL DIOCESE of OLYMPIA:
TELLING OUR STORIES
Our Communications Program
shares the story of our diocese and
congregations through a variety
of communication platforms and
supports the work, vision, and TOTAL
ministry of the Office of the Bishop’s 2021 BUDGET
staff and wider diocese. $421,308
Digital Technology and Congregational our communities connected throughout the
Support: We provide regular consultations to diocese and raise awareness of the Episcopal
congregations and ministries within the dio- Church in Western Washington.
cese on live video streaming, Zoom meetings,
web design, content, social media, newsletters, Video Production: We share messages from
and video production. We assist congregations the bishop with the wider diocese, webinars
in the purchase of video streaming equipment from experts on a wide range of subjects, and
and streaming licenses to ensure compliance provide opportunities for other ministries and
with copyright laws. When face-to-face gather- programs to request our services.
ings are normal once again, we will continue
our multi-year initiative to assist congregations Graphic Design: We provide design services
in the production of high-quality welcome for diocesan programs, departments,
videos and high quality images for digital and and ministries.
print uses.
Internet Strategy: We provide monitoring and
Across the Diocese: We publicize events and resources so congregations can maintain a
activities on both a diocesan and congregation consistent and vibrant presence in cyberspace.
level through our weekly newsletter and our
diocesan website. Database: We update, maintain, and continu-
ally look for new ways to use our systems.
Social Media: We use our social media plat-
forms (Facebook, Twitter, Instagram) to keep
2021 BUDGET C.1 FALL RECOMMENDED PAGE 14WHEREVER BREADDIOCESE
The EPISCOPAL IS BROKEN:
of OLYMPIA:
GLOBAL MISSION WORK
TOTAL
2021 BUDGET
$59,600
Economic Justice: We explore issues of Refugee Resettlement Office: We provide support
economic justice (living wage, immigration, for the office’s human development programs to low
racism) through the use of education, train- income communities and the resettlement of refu-
ing, and electronic media. gees in Western Washington.
Global Mission Committee: We support
cross-cultural mission, indigenous people,
seafarers, and global needs.
Bishop’s Committee for Justice & Peace in
the Holy Land: We provide support for the
Episcopal parishes, schools, hospitals, and
human service missions in the Diocese of
Jerusalem (one of our companion dioceses).
Caring for Creation Covenant
Partnership: We have a partnership with
the Diocese of Southern Philippines to
care for Creation through reforestation,
reduction of CO2 footprints, environmental Millennium Development Goals:
advocacy, establishing tree nurseries, build- We set aside 0.07% of our unrestricted revenue for
ing relationships, and creating and funding projects relating to mission and ministry throughout
Carbon Offsets. the world.
Diocese of El Salvador: We support the Episcopal Relief and Development: We support the
ministry of the broader church in El Salvador. work of our diocesan Episcopal Relief and Develop-
ment coordinator.
2021 BUDGET C.1 FALL RECOMMENDED PAGE 15The EPISCOPAL DIOCESE of OLYMPIA:
SUPPORTING THE WORK OF THE BROADER CHURCH
We contribute to the work of The We support the work of Province VIII,
Episcopal Church through payment ecumenical & interfaith ministry, and
of our full 19% “Asking.” (Asking, our ministry partnership with Saint
Apportionment, Assessment) Mark’s Cathedral.
TOTAL
2021 BUDGET
$417,687
Province VIII
2021 BUDGET C.1 FALL RECOMMENDED PAGE 16The EPISCOPAL DIOCESE of OLYMPIA:
CORPORATE & CANONICAL RESPONSIBILITIES
TOTAL
2021 BUDGET
$1,733,204
Diocesan Bishop’s Office: management, the Diocesan Diocesan Governance:
We provide support for our Investment Fund (DIF), insur- We provide support for our
bishop and his work in the ances, and tax affairs. We also diocesan governing bodies –
diocese, nation, and world. provide financial resources Standing Committee, Diocesan
and training for congregation Council, and Board of Direc-
Commission on Ministry: treasurers and staff. tors - as well as regional min-
We support and train postu- istries, property management,
lants for the priesthood and Archives: We provide resourc- Personnel Commisson, and
diaconate through exams, es for congregations to chron- Liturgy and Arts Commission.
retreats, and candidacy days. icle and maintain an historical
archive - identifying, collecting, Central/Plant Services: We
Veterans Ministry: We pro- and preserving records of maintain Diocesan House as a
vide outreach to armed forces enduring value. place that is not only home to
veterans and respective/sur- the Office of the Bishop’s staff,
viving spouses. General Convention: but also provides meeting
We send a full deputation to space for commissions, com-
Canon to the Ordinary: each triennial meeting of the mittees, affiliated ministries,
We support the office of the General Convention of The organizations, and an occa-
Canon to the Ordinary and her Episcopal Church. sional congregation.
work assisting the bishop in di-
ocesan ministry, working with Convention: We gather as a
congregations in transition diocesan body for our annual
and conflict. We also support convention to hear from the
the work of our Diocesan Title bishop, converse on issues,
IV Officer, supporting the deci- elect to diocesan offices, and
sions and vision of the bishop. enjoy fellowship with 600+
Episcopalians from all over
DIOCESAN
Finance: We are commit-
ted to responsible business
Western Washington. CONVENTION
practices – accounting, risk
110TH DIOCESAN CONVENTION
2021 BUDGET C.1 FALL RECOMMENDED PAGE 17The EPISCOPAL DIOCESE of OLYMPIA:
2021 BUDGET TOTALS
DIOCESE OF OLYMPIA
2021 Budgeted Revenue Sources
70.6% - Net Assessment Revenue
9.1% - Dividend Income
16.9% - Carry Forwards and Funds Releases
3.4% - Fees, Tuitions, Reimbursements, and Other
2021 BUDGET C.1 FALL RECOMMENDED PAGE 18The EPISCOPAL DIOCESE of OLYMPIA:
2021 BUDGET TOTALS
DIOCESE OF OLYMPIA
2021 Budgeted Expense Summary
8.9% - Supporting the Broader Church
51.3% - Programs for Ministry - Empowering Congregations
39.8% - Canonical & Corporate Expenses
2021 BUDGET C.1 FALL RECOMMENDED PAGE 19The EPISCOPAL DIOCESE of OLYMPIA:
2021 BUDGET TOTALS
DIOCESE OF OLYMPIA
2021 Budgeted Expense Detail
2021 BUDGET C.1 FALL RECOMMENDED PAGE 20DIOCESE OF OLYMPIA
2021 Pre-Convention Recommended Budget versus 2020 Mid-Year Revised Budget, SUMMARY
2019 Actual, and 2019 Budget
Diocese of Olympia (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
2021 Pre-Convention Recommended Budget versus 2020 Mid-Year
Revised Budget, 2019 Actual, and 2019 Budget Variance Favorable / (UN-Favorable) 2021 Pre-Convention Recommended Budget Versus
SUMMARY Amount (c) Percent (c)
Pre-
Convention 2020 2020 2020
Mid-Year / Mid-Year / Mid-Year /
Recommended Revised 2019 2019 Revised 2019 2019 Revised 2019 2019
Description Budget Budget Actual Budget Budget Actual Budget Budget Actual Budget
Revenues
(1) Net Assessment Revenue (a) (b) $ 3,370,000 $ 3,460,000 $ 3,397,406 $ 3,535,000 $ (90,000) $ (27,406) $ (165,000) (2.60) % (0.81) % (4.67) %
(2) Prior Years' Assessment Receipts 60,000 60,000 68,331 60,000 - (8,331) - - (12.19) -
(3) Dividend Income (Un-Restricted) 379,300 379,300 433,352 473,500 - (54,052) (94,200) - (12.47) (19.89)
(4) Dividend Income (Restricted) 64,000 64,000 64,786 64,000 - (786) - - (1.21) -
(5) Total Contribution, Assessment and Dividend Income 3,873,300 3,963,300 3,963,875 4,132,500 (90,000) (90,575) (259,200) (2.27) (2.29) (6.27)
(6) Carry Forwards and Funds Releases 820,589 418,061 9,618 372,772 402,528 810,971 447,817 96.28 8,431.89 120.13
(7) Fees, Tuitions, and Reimbursements, Interest and Other 164,800 164,800 213,920 273,600 - (49,120) (108,800) - (22.96) (39.77)
(8) Total Revenues (EX-cluding DIF unrealized capital gains) $ 4,858,689 $ 4,546,161 $ 4,187,412 $ 4,778,872 $ 312,528 $ 671,277 $ 79,817 6.87 % 16.03 % 1.67 %
Expenses
(9) Supporting the Broader Church $ 417,687 $ 417,687 $ 422,993 $ 423,993 $ - $ (5,306) $ (6,306) - % (1.25) % (1.49) %
Programs for Ministry: Empowering Congregations
(10) Bishop Directed Initiatives 350,500 208,794 171,047 219,500 141,707 179,453 131,000 67.87 104.91 59.68
(11) Congregational Development 361,786 334,636 292,750 288,705 27,150 69,036 73,081 8.11 23.58 25.31
(12) Supporting Congregations 978,802 928,802 707,034 1,025,529 50,000 271,768 (46,727) 5.38 38.44 (4.56)
(13) Faith Formation: 35 & Under 201,771 204,884 178,033 173,957 (3,113) 23,738 27,814 (1.52) 13.33 15.99
(14) Diocesan Resource Center / Library 46,628 47,878 48,383 47,894 (1,250) (1,755) (1,266) (2.61) (3.63) (2.64)
(15) IONA School of Olympia 102,128 92,128 58,576 100,801 10,000 43,552 1,327 10.85 74.35 1.32
(16) Multicultural Ministries 150,000 129,600 91,941 166,600 20,400 58,059 (16,600) 15.74 63.15 (9.96)
(17) Stewardship and Development 35,275 48,236 24,987 66,542 (12,961) 10,288 (31,267) (26.87) 41.17 (46.99)
(18) Communications and Information Technology 421,308 402,683 402,559 406,713 18,625 18,749 14,595 4.63 4.66 3.59
(19) Global Mission Work 59,600 59,600 55,173 59,586 - 4,427 14 - 8.02 0.02
(20) Total Programs for Ministry: Empowering Congrega 2,707,798 2,457,240 2,030,484 2,555,827 250,558 677,314 151,971 10.20 33.36 5.95
Canonical and Corporate Expenses
(21) Diocesan Bishop's Office 475,924 475,924 468,460 485,192 - 7,464 (9,268) - 1.59 (1.91)
(22) Assisting Bishop's Office 18,000 9,000 13,167 13,168 9,000 4,833 4,832 100.00 36.71 36.70
(23) Canon to the Ordinary's Office 213,633 213,633 215,424 244,288 - (1,791) (30,655) - (0.83) (12.55)
(24) Accounting and Finance Office 354,272 354,272 354,196 340,162 - 76 14,110 - 0.02 4.15
(25) Archives 67,781 69,781 68,088 69,119 (2,000) (307) (1,338) (2.87) (0.45) (1.94)
(26) Diocesan Governance and Human Resources 284,071 286,483 298,412 297,156 (2,412) (14,341) (13,085) (0.84) (4.81) (4.40)
(27) Property / Liability Insurance Premium 67,500 67,500 67,305 67,500 - 195 - - 0.29 -
(28) Benefits 125,000 67,618 52,511 96,561 57,382 72,489 28,439 84.86 138.05 29.45
(29) Diocesan House 127,023 127,023 163,030 185,906 - (36,007) (58,883) - (22.09) (31.67)
(30) Total Canonical and Corporate Expenses 1,733,204 1,671,234 1,700,593 1,799,052 61,970 32,611 (65,848) 3.71 1.92 (3.66)
(31) TOTAL EXPENSES 4,858,689 4,546,161 4,154,070 4,778,872 312,528 704,619 79,817 6.87 16.96 1.67
(32) Net Excess / (Deficit) $ - $ - $ 33,342 $ - $ - $ (33,342) $ - - % (100.00) % - %
(a) Side Caption, Line 1: Budgeted / Actual gross percentages assessed are / were, as follows: 2019 - 2021, 14.5%; 2017 - 2018, 15%; 2016, 16%; 2013 - 2015, 17%; 2012, 17.5%; 2007 - 2011, 18%; 2004 - 2006, 20%.
(b) Side Caption, Line 1: Each of the 2021, 2020, and 2019 Assessments Revenue Budgets shown here have been reduced by a $50,000 "Short Fall" provision.
(c) Columns 5 through 10, Heading: The Variance convention used in this chart series is Favorable / (Unfavorable) thus Revenue amounts (column 1, lines 1 through 8) greater than comparable Revenue data
(columns 2 through 4) are considered "Favorable" with such amount and percent variances shown as non-bracketed values in columns 5 through 10. Expense amounts (column 1, lines 9 through 30) greater than
comparable Expense data (columns 2 through 4, lines 9 through 30) are considered to be "Un-Favorable" with such amount and percent variances shown as bracketed values in columns 5 through 10.
For those interested in more detail than provided by this summary, a full line item version
2021 BUDGET C.1 FALL RECOMMENDED PAGE 21 of the budget is posted on the 2020 convention page of the diocesan website.You can also read
