2019 Finance and 2020 Proposed Budget

Treasurer’s Report to Convention (to come)

Summary of the Financial Position of the Diocesan Corporation

Report on the Corporation Sole

Summary of the Financial Position of the Corporation Sole

2020 Proposed Diocesan Budget

2020 Narrative Budget Video

2020 Proposed Assessment Formula

2020 Proposed Salary Resolution and Mandatory Minimum Compensation

2020 Congregational Grade Structure

Treasurer’s Report to Convention- coming soon


Summary of the Financial Position of the Diocesan Corporation


Report on the Corporation Sole

In May 2008 the Special Convention of the Diocese adopted governance revisions stipulating that the Corporation Sole be merged or otherwise incorporated into the Diocesan Corporation to the extent feasible by January 1, 2011.  However, the Convention resolution also provided that in the event that such a merger or other incorporation would result in a loss of assets to the combined entity, the Corporation Sole shall continue to survive to the extent necessary to preserve its assets.

As previously reported to Convention, a conclusion was reached that all of the assets and liabilities of the Corporation Sole could be transferred to the Diocesan Corporation without significant costs except for the real property holdings of the Corporation Sole. Transfers of real property in California are subject to significant real estate transfer taxes; religious and nonprofit entities are not exempt from these transfer taxes.  In December 2009 all of the assets of the Corporation Sole other than its real estate properties were transferred to the Diocesan Corporation. 

The balance sheet of the Corporation Sole as of December 31, 2018 (shown in the following pages) reflects the 32 real estate properties which continue to be held by the Corporation Sole.

Respectfully submitted,

Brad Barber, Treasurer


Summary of the Financial Position of the Corporation Sole


2020 Proposed Diocesan Budget

Click here to download.

 

 

 

 

 

 

 

 

 

 

 

 


2020 Narrative Budget Video

Watch video on Vimeo here.


2020 Proposed Assessment Formula

  1. 5.0% assessment on the first $80,140 of a parish or mission’s operating income for 2018 as defined on Line A of the 2018 parochial report
  2. 17.0% assessment on all such income above $80,145, provided that:
  3. No parish or mission shall have an increase over 2019 initial assessment (before appeals) of more than 50% or $21,445, whichever is less.

2020 Proposed Salary Resolution and Mandatory Minimum Compensation

Resolved, That effective January 1, 2020, the minimum annual compensation for clergy employed full time by the Diocese of California and by any parish or mission thereof shall be increased by 3.2% as reflected in the 2020 Mandatory Minimum Salary Schedule shown below.

Resolved, That Years of Experience be defined as Credited Service with The Church Pension Fund.

2020 Mandatory Minimum Compensation Including Self Employment Tax

Resolved,

  1. That any deviation below these minimums will be permitted by the Bishop for serious cause, with the Bishop using the Personnel Practices Commission as a council of advice.
  2. When a rectory is provided, cash compensation may be 30% below the minimum figures to parallel Church Pension Fund’s requirement that cash compensation be grossed up by 30% for pension assessment purposes when housing is provided.
  3. That employers of all clergy pay to each cleric 50% of the self‐employment tax assessed on the cleric's base compensation as a portion of total compensation (7.65% of base compensation). This amount is included in the schedule above.
  4. The Personnel Practices Committee strongly urges all churches, whenever possible, to increase the clergy and lay staff compensation by 3.2% for 2019 to accommodate for inflation.
  5. That the minimum transportation allowance be $0.58/mile for congregation‐related travel and is to be adjusted in accordance with IRS published rates for 2020.
  6. That associate clergy minimums are based on the cleric's years of service at two grade levels below actual congregation classification.

Note: Compensation increase is based on the annual increase in the Consumer Price Index for All Urban Consumers in San Francisco, Oakland and San Jose as of June 30, 2019.


Resolution as passed at the 1999 Diocesan Convention:

Resolved: That the proposed salary standards for clergy in the Diocese of California, as reflected in the joint report of the Personnel Practices Committee and the Clergy Compensation Task Force, are approved and shall be effective on a voluntary basis for the years 2000‐2004, and shall become mandatory for 2005 and later years.


2020 Congregational Grade Structure

Schedule adjusted to reflect cost of living increases since passage of salary standards resolution in 1999

Resolution as passed at the 1999 Diocesan Convention:

Resolved: That the proposed salary standards for clergy in the Diocese of California, as reflected in the joint report of the Personnel Practices Committee and the Clergy Compensation Task Force, are approved and shall be effective on a voluntary basis for the years 2000 to 2004, and shall become mandatory for 2005 and later years.