St. Paul’s Vestry
The vestry is our governing body charged with making business decisions related to church activities including budgeting, spending, building and grounds, policies and more. The vestry comprises 12 members elected for three year terms in classes of four.
Our vestry leadership is Jonathan Ashton, Senior Warden; Jaimie Deye, Junior Warden; Mark Christophono, Treasurer. Our rector, Rev. Dr. J. Paul Board with the Senior Warden, Junior Warden and Treasurer make up the Executive Committee that acts to set the agenda.
Vestry members whose terms expire in 2021 are Jonathan Ashton, Jim Dorton, Jerry Martz (clerk) and Deno Music. Members whose terms expire in 2022 are Jaimie Deye, Jennifer Elliott, Adriana McNally and Thomas Weeks. Members who terms expire in 2023 are Mark Christophono, Will Finnegan, Jen Hoelzer and Carol Sachs.
All church committees are formed under the authority of the vestry and are assigned a vestry liaison.
184th Annual Parish Report
2016 Audited Financial Statements
Code of Regulations 2010
Policies for the Protection of Children & Youth
Current Treasure Report
St. Paul’s Episcopal Church Finance report July 2020
Total endowments are listed at a total of $2,178,414, with the operating endowment showing $520,512. The Cares Act PPP loan is listed as a liability of $59,300, it is anticipated that we will apply for and receive forgiveness for this at which time it will be removed as a liability and be reflected as income in current year.
Market value of investments held at Huntington Bank started the month at $2,091,628 and ended at $2,165,307 (exclusive of $13,107 held in savings listed in endowments on the balance sheet). An increase of $73,679, including $77,272 in unrealized gains, $2,342 in interest and dividends earned, $4,428 paid out and $1,507 in fees.
Pledge payments continue to stay strong, listing at $151,809 against budget of $149,252. Current month shows a loss of $35,606. This is deceptive as the software we use “straight lines” all budget items over 12 months, so changes in utility costs and other expenses as well as income lines, particularly preschool payments that tend to come in all at once at the beginning and end of the year, are not reflected in the budget as such. We have transferred $60,000 from the operating endowment this year and we anticipate being able to send the bulk of that back to the endowment, pending financial status near year end. Year to date surplus at July is $90,855.
Elizabeth Wayne Preschool is showing a year to date surplus of $3,097. Under one Roof has an ending balance of $23,728.
See financial statements for details.
Mark Christophono 08/19/2020