But now add in the EMM figures (bottom of the third page):
(D) 2014 EMM reimbursements received were $ 13,322,419; while
(E) 2014 EMM expenditures amounted to $ 16,811,183; for a net
(F) Annual EMM operating deficit of $ 3,488,763, which more than wipes out (C) above, and leaves
(G) A net operating loss for 2014 of $ 1,092,161 !!
In other words, the Episcopal Church is in the hole to the tune of over a million dollars for calendar 2014.