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.
Current Treasure Report
St. Paul’s Episcopal Church Treasurer’s report May 2021
Total endowments are listed at a total of $2,543,722, with the operating endowment showing $674,036.
Market value of investments held at Huntington Bank started the month at $2,525,737 and ended at $2,543,722. An increase of $17,985, including $23,725 in unrealized gain, $2,546 in interest and dividends earned, $1,982 in fees and $6,305 paid to beneficiary.
Pledge payments and gifts were strong this month, we received $119,196 in pledge payments and gifts. Current month operating total (after endowment transfers, before investment activity) shows a gain of $82,809 against a budgeted loss of $4,568. Year to date net gain is $154,494 against budgeted loss of $22,841.
Note at the bottom of the income statement we now show “transfer from endowments” and “investment activity”. Previously transfers from endowments would have been shown at the top of the statement as income, and the investment activity would have appeared only in the balance sheet and endowment summary sheet.
Elizabeth Wayne Preschool is showing a year to date loss of $6,158 against budget of -0-. due to tuition income being budgeted straight line, as well as overages in salary expense.
Under one Roof has an ending balance of $39,942.
See financial summary for details.
Respectfully Submitted Mark Christophono, Treasurer – 06/12/21