b'Campaign, totaling $822,915. In 2022, we had 177 pledges totaling $747,192. The budget does not show the full $822,915 because a reserve for potential unpaid pledges is applied, reducing the total to $814,000.We are pleased with the results of the 2023 pledge drive. The $814,000 represents an increase of $48,000 from the actual pledges for 2022, and is the highest level since 2017. For 2023, we had 84 increased pledges, 16 decreases, 66 that stayed the same, and 23 new pledges.Figure 2, on the previous page, summarizes the distribution of GHTCs budgeted expenses by category.In budget discussions with the Vestry, there was a shared belief that GHTC is in a transition period. The continued strength and dedication of GHTCs staff and lay leadership, the transition of our new Rector, the congregations ongoing generosity, and the long-term financial stability that the church enjoys through the resources of its endowed funds, give the Finance Committee and the Vestry the confidence that we will successfully navigate this transition, and return to a balanced budget in the future.Finance Report (Figure 3a)2023 Budget2023 20192020 2021 2022 2022 2022Adopted byBudget vs. Actual Actual Actual BudgetActual Variance Vestry 2022 ActualIncomePledges-Current672,201 669,481 619,120720,000 765,656 45,656814,000 48,344Nonpledged Gifts 39,03932,12247,22235,000 47,324 12,32440,000(7,324)Pledges-Prior2,6251,060 8,8042,500 1,275(1,225)10,0008,725Loose Plate 9,070 9818,1948,50011,257 2,7578,500(2,757)Sundry Income (1)14,6867,103 11,2318,000 29,575 21,57530,000 425Endowment Fund - Vestry Directed 94,000 94,000 94,000115,000 115,000- 93,000(22,000)Endowed Pledges25,000 30,00045,00025,00025,75075030,000 4,250Endowment Fund - Foundation Directed342,000 366,000 382,000420,000 420,000- 425,0005,000Missions and Outreach6,20014,486 4,8235,5002,098(3,402)5,000 2,902Special Gifts 13,250-5,0006,550 6,550 -5,000(1,550)Released from Other Restricted 109,317 70,182 134,27598,550 122,042 23,492181,825 59,783Total - Income1,327,3881,285,415 1,359,6691,444,6001,546,527101,9271,642,325 95,798 ExpensesWorshipAltar Guild 1,2851,300 2,7452,0003,208 1,2084,000 792Music Supplies4,880 4,6614,8386,0007,193 1,1936,000(1,193)Instrument Maintenance (2)4,980 3,2515,1757,000 10,784 3,7847,000 ( 3,784)Concert Series12,3914,8583,2003,500 1,872(1,628)2,500 628Music Program: Personnel (3) 30,62616,33533,81861,65074,808 13,15885,000 10,192Total - Worship 54,16230,405 49,776 80,150 97,86517,715 104,500 6,6354.05% 2.36% 3.66% 5.49% 6.40% 6.28%EducationEducation: Children and Young Families Ministry 4,7392,83810,7128,500 12,531 4,03110,000(2,531)Education: Youth Ministry 1,465 4432,5884,400 5,610 1,2107,5001,890Campus Ministries 16,57316,852 29,02137,050 26,480(10,570)30,000 3,520Education: Adults 2,215 1,144 8021,5001,6731731,500(173)Education: Formation Training and Support- 98 3405,0002,423(2,577)5,000 2,577Education: Personnel (4)15,117 12,7536,57821,000 14,772(6,228)24,400 9,628Total - Education 40,10934,12850,041 77,45063,489 (13,961) 78,400 14,9113.00% 2.65% 3.68% 5.30% 4.15% 4.71%OutreachDiocese of Virginia 72,000 72,00072,00072,00072,000- 57,000(15,000)Outreach Grants60,00044,94024,87610,00017,916 7,91625,000 7,084Seminarian Support 4105,0003,316(1,684)5,0001,684Red Door Ministry 31,852 30,365 29,90532,500 35,670 3,17025,000 ( 10,670)Missionary Society43,633 25,913- -2,824 2,82435,000 32,176Youth Missions and Outreach4,876 1,450 120 -Discretionary Fund - Rector2,0002,000 3,0005,0005,000 -5,000-Discretionary Fund - Associates- -3,7503,750Discretionary Fund - Staff-2,500 2,500 -1,250 ( 1,250)Total - Outreach 214,361176,668 130,311 127,000 139,22612,226 157,000 17,77416.02% 13.73% 9.57% 8.69% 9.10% 9.44%Parish Life22 | ANNUAL REPORT 2022Sunday Breakfasts 7,9581,9433,2348,00010,552 2,5529,000(1,552)Special Events (5)8,015-1,0643,500 8,054 4,5548,000(54)Total - Parish life15,973 1,943 4,298 11,500 18,6067,106 17,000(1,606)1.19% 0.15% 0.32% 0.79% 1.22% 1.02%Total - Programs (Worship, Education, Outreach, Parish Life) 324,605 243,144 234,426 296,100 319,18623,086 356,90037,71424.26% 18.90% 17.22% 20.27% 20.86% 21.45%PersonnelSalaries 558,470 591,801615,180598,520 596,697(1,823)670,90074,203Employers Social Security 40,680 41,99546,13245,35041,885(3,465)50,9009,015Benefits94,950 111,256116,377123,30096,851(26,449)106,4009,549Pension Premiums (6) 71,568 74,17781,16071,020 68,434(2,586)88,250 19,816Mileage 1,392 535-1,5001,7632632,000 237Other Personnel Expenses (7)1,297-7,6428,50023,838 15,33825,000 1,162Continuing Education3,499 358 2515,0003,401(1,599)5,0001,599Total - Personnel Expenses 771,856 820,122 866,742 853,190832,869 (20,321) 948,450 115,58157.69% 63.75% 63.67% 58.40% 54.43% 57.00%AdministrationAccounting and Banking 18,769 14,615 22,94918,500 22,976 4,47623,500 524Vestry Expense -1,000 403 (597)1,000 597Diocesan Annual Convention 2,656 825 1,4003,6004,792 1,1923,600 ( 1,192)Communication14,17212,572 22,94125,00021,653(3,347)25,0003,347Office Expense 45,86241,066 45,85562,000 56,915(5,085)60,0003,085Total - Administration 81,459 69,078 93,145 110,100106,739 (3,361) 113,1006,3616.09% 5.37% 6.84% 7.54% 6.98% 6.80%Building & PropertyProperty and Liability Insurance39,13142,88944,46546,00047,276 1,27650,0002,724Building and Property: Personnel Fuel/Water 7,7877,423 8,0008,500 12,275 3,77510,000(2,275)Electricity 36,22225,697 33,20436,50041,808 5,30841,500(308)Janitorial Expenses10,812 7,899 6,31611,000 13,959 2,95916,0002,041Maintenance and Repair (8) 40,64936,08756,00759,500 110,236 50,736100,000(10,236)Capital Improvements (major repairs) (9)25,450 34,070 19,02440,000 45,835 5,83528,000(17,835)Total - Building & Property 160,051 154,065 167,016 201,500271,38969,889 245,500(25,889)11.96% 11.98% 12.27% 13.79% 17.74% 14.75%Total - Personnel, Administration, Building & Property1,013,3661,043,2651,126,9031,164,7901,210,99746,2071,307,05096,053 75.74% 81.10% 82.78% 79.73% 79.14% 78.55%Total - Expenses1,337,9711,286,4091,361,3291,460,890 1,530,18369,2931,663,950 133,767 Total - Operating Income Over / (Under) Expense(10,583) (994)(1,660)(16,290) 16,34432,634(21,625)(37,969)'