Finance | St. Columba's Episcopal Church v2

Dear Members of St. Columba’s:

At our Annual Meetings held in November every year, whoever is Treasurer typically reviews our audited financial statements and present a report of the financial highlights of the past year. The audits and reports that have been presented in the past three years are attached below.

Attached you will find the following documents:

Audit for the Fiscal Year Ended June 30, 2020

Audited Financial Statements—Our audited financial statements are prepared on a consolidated basis, which means they include St. Columba’s Nursery School. The Nursery School is legally part of the Church; it is not separately incorporated. Therefore, tuition, other nursery school revenue and nursery school expenses are included in these statements. The audit includes a Schedule of Supplemental Information which shows church and nursery school program expenses separately.

Audit for the Fiscal Year Ended June 30, 2021

Audit for the Fiscal Year Ended June 30, 2022

Treasurer's Report for the Annual Meeting--This report includes highlights of the annual audits (all of which have received unqualified, or “clean”, opinions), a financial summary of recent years, a more detailed financial review of the current year, an overview of the next year's budget, and a stewardship update. There is typically a question and answer period during the Annual Meeting also—see recordings of Annual Meetings on our YouTube.

Any questions or comments regarding these audits and reports should be directed to me or to Greg Parker, Director of Finance and Administration, gparker@columba.org.

Thank you,

Tim Massad
Treasurer

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