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2020 Diocesan Vestry RetreatThe Diocese of Southwest Florida
Anne Vickers and Martha Goodwill
What’s Next? And Why?Financial Sustainability in an Unprecedented Time
May 2, 2020
ECF Publications
TEC Publications
• Financial Management• Internal Controls, Bookkeeping• Taxes and the Episcopal Church• Clergy Discretionary Funds• Audit Guidelines• Risk Management and Insurance• Parochial Reports• Records Management
Diocese of Southwest FL Publications
• Endowments• Debt• Property Usage• Capital Budgets and Campaigns• Operating Budgets• Staff and Compensation• Operating Income Trends• Relationships
LEGACY
CAPITAL
OPERATING
What’s the Same…. Endowments
$21 $23 $24 $25 $29
$33 $27
$31
$12
$17 $20
$23
$24
$24 $30
$33
$-
$10
$20
$30
$40
$50
$60
$70
2012 2013 2014 2015 2016 2017 2018 2019
Mill
ions
Endowment Asset Growth
True Endowment Board Designated
What’s the Same….Debt
$19
$18
$19
$15
$13 $12
$9
$7 $7 $7
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Mill
ions
Debt Reduction
What’s the Same….Capital
Property UsagePreschool/After School
Care (13, $0-57k) K-8/12 School (9, $0-151k)
Thrift Shop (14, $0-138k)
Rental Houses/Rectory (26, $0 - 17k)
Parking Lots (4, $1-41k)
Cell Towers (2, $19-20k)
Group Meetings(51, $0-26k)
Community Garden/ Farmers Market
(2, $2-48k)
Hosting Other Worshipping Community
(3, $10-54k)
$4
$3
$2
$4
$3
$2
$3
$6$6
$8
$0
$1
$2
$3
$4
$5
$6
$7
$8
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Mill
ions
Capital Incomeof all 76 Congregations
What’s the Same…. Budgets
-150
-100
-50
0
50
100
Budg
et (D
efic
it)/S
urpl
us
Thou
sand
s
2020 Budgeted Net Total (Deficit)/Surplus
Safety Net / Watch
What’s the Same…. Staff
What’s the Same…. Clergy
What’s Next? Trends
$(200)
$(100)
$-
$100
$200
$300
$400
Thou
sand
s
Change in Operating Income 2018-2019
What’s Next? Liquidity
Level 1-Cash• Accounts Receivable net of
Accounts Payable
Level 2-Line of Credit• Available Line• New Debt Options
Level 3-Board Designated Funds• Quasi Endowment
What’s Next? Relationships
Congregation Leadership and
Parishioners
Diocese
Church Pension Group
The Episcopal
Church
Banks / Government
SBA
Community Foundations
Community Leaders
What’s Next? Relationships
Congregation Leadership and
Parishioners
Diocese
Church Pension Group
The Episcopal
Church
Banks / Government
SBA
Community Foundations
Community Leaders
• Giving Challenge • Rapid Impact Grants
• 90 day hardship grace period on benefits and property insurance
• Clergy pension assessment waivers (per emergency policy)
• Education & Wellness offerings• EAP
• Zoom Grants; Food bank grants• Waiver of Apportionment $156,890 to date• 2 month loan suspension• Guidance/Training/Development
• 28 banks• Round 1 and 2• PPP Loans Funded $5,152,040
• Front line vs. COVID-19• Human Services Partnerships
• Ecumenical Partnerships
• Manual for Business Methods• Triennial Budget, Asking• Virtual Choir
What’s Next? Innovation
www.episcopalswfl.org/video.htmlwww.episcopalswfl.org/give.html
Questions?
VESTRY CONVERSATION TOPICSFrom Finance Resource Guide
1. At present, who are the people in your congregation with a role in your congregation’s finances? How long have they been in those roles? How are
you inviting new leaders into financial leadership and allowing them to discern how to best use their gifts? (Chapter 3)
2. What areas feel “mysterious” or “out of control” or “risky” in terms of your congregation’s financial health? How and when do you want to invite the wider
congregation into an assessment? How long is your runway? (Chapter 5)
3. How has your congregation prepared for a disaster that might impact your building, worship, employees, data, or leadership? Drawing on your experiences
from Hurricane Irma and COVID-19, what has been impactful? (Chapter 9)
2020 Diocesan Vestry RetreatThe Diocese of Southwest Florida
Today’s Materials are Online
http://www.episcopalswfl.org/retreat.html
Evaluation Survey
http://www.episcopalswfl.org/retreat.html
2020 Diocesan Vestry RetreatThe Diocese of Southwest Florida
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