Financial Information

Budget & Stewardship Ministry Team will host Informational Meetings on May 23 & May 26.
Click for detail.

 

If you would like to make a financial gift to First Presbyterian Church, or if you have a question about your tithe, please contact Rebecca Hinds, Business Administrator, 843.448.4496.

Click here for online giving
 

2012 Narrative Budget (PDF)

Following is the 2013 church budget that was approved by the Session at its February meeting, as well as detailed information for two of the expense areas. You will be able to compare the 2013 budget with the actual 2012 expenses in each area. Informational gatherings are planned for the congregation to discuss the budget for those who wish to ask questions or desire more explanation. In the meantime, if you have any questions, please feel free to call Rebecca Hinds at 843.448.4496.

We would also like to share with you that we reduced the principal loan balance by $100,000 in March. Our current balance is $1,917,394. We continue to pay interest monthly at an interest rate of 2.95%.

 
2013 BUDGET VS 2012 ACTUAL INCOME AND EXPENSES
   NOTE 2012 FIGURES WERE THE ACTUAL FIGURES
 

 2013 BUDGET

 2012 ACTUAL

PLEDGES

 $      1,639,314.00

 $      1,584,965.00

RESERVE FOR UNPAID PLEDGES

 $       (100,000.00)

 $       (100,000.00)

UNPLEDGED INCOME

 $          175,000.00

 $          169,566.00

LOOSE

 $            30,000.00

 $            25,961.00

DESIGNATED YOUTH INCOME

 $                           -  

 $              5,695.00

GROWING TREE TO CHURCH

 $            81,000.00

 $                           -  

TOTAL INCOME

 $      1,825,314.00

 $      1,686,187.00
     

EXPENSES

    
     

BENEVOLENCE

 $          191,620.00

 $          194,984.00
LESS SPECIAL OFFERINGS, MISSIONS,
CHURCH GROWTH & PERSONNEL ALLOCATION
    

MISSIONS

 $              7,987.00

 $            10,216.00

CHURCH GROWTH

 $            11,750.00

 $            20,147.00

ADMINISTRATIVE/PROFESSIONAL

 $              1,000.00

 $              2,654.00

PERSONNEL

 $      1,062,356.00

 $          995,823.00

OPERATING

 $          154,754.00

 $          153,480.00

WORSHIP

 $            58,870.00

 $            61,247.00

ADULT EDUCATION

 $            13,200.00

 $            12,731.00

CHILDREN'S

 $            14,950.00

 $              7,872.00

PROPERTY

 $          297,448.00

 $          308,628.00

YOUTH

 $            18,275.00

 $            12,341.00

SINGLES

 $              1,000.00

 $                           -  

MEN'S

 $                  500.00

 $                           -  

FELLOWSHIP

 $              1,100.00

 $                           -  

LIFE ABUNDANT

 $            11,000.00

 $              8,296.00

BUDGET/FINANCE

 $            14,100.00

 $              7,129.00

DEACONS

 $              2,350.00

 $                  932.00

SESSION

 $                  500.00

 $                  135.00

TOTAL EXPENSES

 $      1,862,760.00

 $      1,796,615.00
     
SHORTFALL
 $          (37,446.00)
 $       (110,428.00)
 
 
CASH CARRY OVER FROM PREVIOUS YEAR
 $          211,754.00
 $          292,655.00
 
 
 
GROWING TREE:
 
 
INCOME
 $          428,275.00
 $          470,814.00
EXPENSES
 $          391,534.00
 $          427,527.00
NET PROFIT
 $            36,741.00
 $            43,287.00
     
     

PERSONNEL DETAIL

 2013 BUDGET

 2012 ACTUAL

SALARIES

 $          778,263.00

 $          760,593.00

AUTO ALLOWANCE

 $            15,000.00

 $            15,082.00

HOUSING ALLOWANCE

 $            25,000.00

 $            25,000.00

SECA

 $              9,893.00

 $              9,892.00

BC/BS MEDICAL INSURANCE

 $            55,000.00

 $            52,870.00

STANDARD DISABILITY

 $              4,241.00

 $              7,786.00

BOARD OF PENSIONS

 $            23,318.00

 $              3,973.00

NY LIFE/FIDELITY/PRINCIPAL

 $            55,326.00

 $            65,373.00

401(K) FEES

 $              2,500.00

 $                           -  

CONTINUING EDUCATION

 $              3,000.00

 $              3,099.00

PAYROLL TAXES

 $            26,914.00

 $            49,107.00

PASTOR NOMINATING COMMITTEE

 $            25,000.00

 $              3,048.00

MINISTER SALARY RESERVE

 $            38,901.00

 $                           -  

TOTAL

 $      1,062,356.00

 $          995,823.00

     

BENEVOLENCE DETAIL

 2013 BUDGET

 2012 ACTUAL

PER CAPITA

 $            19,620.00

 $            20,120.00

SHARED MISSION SUPPORT

 $            80,000.00

 $            80,000.00

COASTAL SAMARITAN

 $              1,000.00

 $              1,000.00

HELPING HAND

 $            30,000.00

 $            30,000.00

MYRTLE BEACH HAVEN

 $              5,000.00

 $              5,000.00

MOBILE MEALS

 $              7,000.00

 $              7,000.00

FRIENDSHIP MEDICAL CLINIC

 $              2,500.00

 $              2,500.00

CASA

 $                           -  

 $              1,250.00

SOS HEALTH CARE

 $              5,000.00

 $              4,500.00

COMMUNITY KITCHEN

 $              5,000.00

 $              5,000.00

STREET REACH

 $              2,500.00

 $              2,500.00

YOUTH MISSION TRIPS

 $              9,000.00

 $            21,114.00

CENTER FOR WOMEN AND CHILDREN

 $            10,000.00

 $              5,000.00

COMMUNITY ASSISTANCE CENTER

 $              5,000.00

 $              5,000.00

GRACE MINISTRIES

 $              5,000.00

 $              5,000.00

HOPE HOUSE

 $              5,000.00

 $                           -  

TOTAL

 $          191,620.00

 $          194,984.00