 |
FINANCE/GOVERNANCE
Income Statement
March 2008
The current year Balance Sheet and Income Sheet are being presented here. The Balance Sheet shows our current position with regard to cash, accounts receivable and Parish payables.
The Income Statement provides you with a look at actual year-to-date income and expenses in comparison to what was budgeted last Spring for Parish operations for this fiscal year beginning 7/1/07.
|
|
Budget YTD
|
|
07-08 Budget
|
General Ministries Income |
March 31, 2008
|
December 31, 2007 |
|
|
|
Sunday Stewardship & Holy Days |
$491,236) |
$510,658 |
($19,422) |
$670,000 |
|
Special Gifts/Other Income |
10,995) |
59,500 |
(48,505) |
77,000 |
|
Hands to the Future |
23,900) |
- |
23,900) |
318,750 |
|
Parish Fundraising |
19,772) |
40,000 |
(20,228) |
40,000 |
|
Rental Income |
34,767) |
29,332 |
5,435 |
38,064 |
Total General Ministries Income |
$580,670)
|
$639,490 |
($58,820) |
$1,143,814 |
General Ministries Expenses |
|
|
|
|
Administrative Salaries & Benefits |
|
|
|
|
|
Admin Salaries & Benefits |
90,685)
|
97,451
|
(6,766)
|
129,099
|
|
Operating Expenses |
95,787)
|
97,132
|
(1,345)
|
158,959
|
|
Bldg & Grounds Expenses |
90,409)
|
90,341
|
68
|
121,455
|
|
Recctory Expenses |
9,714
|
12,000
|
(2,286)
|
15,000
|
|
Total Worship Expenses |
53,797 |
54,440 |
(643) |
68,086 |
|
Total Faith Formation Expenses |
51,767 |
53,737 |
(1,970) |
71,986 |
|
Total Pastoral Care Expenses |
11,443 |
17,119 |
(5,676) |
18,734 |
Total General Ministries Expenses |
403,602 |
422,220 |
(18,618) |
583,319 |
General Ministries Net Income (Loss) |
177,068 |
212,270 |
(40,202) |
560,495 |
|
|
|
|
|
School Ministry Income |
|
|
|
|
|
Tuition |
452,269) |
474,000 |
(21,731) |
603,900 |
|
Reg. Fees/Misc. Inc. |
15,889) |
- |
15,889 |
10,000 |
|
Tuition-Prior Year |
11,552) |
- |
11,552 |
- |
|
Designated Income |
-) |
- |
- |
- |
|
Extended Day Program |
55,645 |
49,000 |
6,645 |
63,000 |
|
Hot Lunch Program |
36,058 |
42,778 |
(6,720) |
55,000 |
Total School Ministry Income |
571,413 |
565,778 |
5,635 |
731,900 |
School Ministry Expense |
|
|
|
|
|
Salaries & Benefits |
514,708
|
534,037
|
(19,329)
|
710,341
|
|
Operating Expenses |
70,086
|
79,763
|
(9,678)
|
92,267
|
|
Building & Grounds Expense |
126,648
|
114,372
|
12,276
|
147,496
|
|
Extended Day Expenses |
32,175
|
31,789
|
386
|
41,402
|
|
Hot Lunch Program Expenses |
42,660
|
40,434
|
2,226
|
50 895
|
Total School Ministry Expenses |
786,276
|
800,395
|
(14,119)
|
1,042,401
|
School Ministry Net Income (Loss) |
(214,863)
|
(234,617)
|
(5,210)
|
(310,501)
|
Net General & School Operating Income |
(37,795)
|
(17,347)
|
(45,412)
|
249,994
|
|
|
|
|
|
|
Other Income and Expenses |
|
|
|
|
|
St. Kevin Endowment Gain (Loss) |
(14,667)
|
112,500
|
(127,177)
|
150,000
|
|
Fees/St. Kevin Endowment |
(3,604)
|
-
|
(3,604)
|
-
|
|
Interest Expense |
(93,942)
|
(93,285)
|
(657)
|
(124,380)
|
Net Income (Loss) |
(150,018)
|
1,868
|
(151,886)
|
275,614
|
|
|
