Pastor's Corner
October 14, 2018
Financial Report Fiscal Year July - August 2018
Ordinary Income FY2018 FY2017
Collections $139,706.75 $137,490.64
Sacrament Donations $7,317.00 $10,162.00
Property Rental (net) $7,924.51 $12,651.23
Miscellaneous* $3,638.37 $4,460.00
Total Ordinary Income $158,586.63 $164,763.87
OperatingExpenses
Salaries & Benefits $100,421.69 $85,695.93
Other Operating expense $17,952.19 $17,924.10
Utilities $15,786.30 $17,356.97
Insurance $23,433.26 $14,178.24
Archdiocesan Assessment $16,441.62 $7,873.76
Total Operating Expense $174,035.06 $143,029.00
Net Income - $15,448.43 $21,734.87
Pastor’s Discretionary fund $ 38,615.33
Investment Activities with Archdiocese:
FY2018
Building and Maintenance Fund
Beginning Balance $ 87,943.59
Ending Balance $ 49,374.73
Capital Campaign
Beginning Balance $ 271,947.43
Income $ 130,000.00
Net Return $ 841.50
Expense -$55.21
Ending Balance $ 402,733.72
Bank Account for the Capital Campaign
August 30 Balance $ 66,727.60
Total Pledges + Donations for Capital Campaign
$1,501,698.37 (81% of goal)
A few notes: $48,000 was removed from Building and Maintenance to pay for the repaving of the main parking lot. This year we are a month ahead on our payment of our insurance, and last year’s August report did not include the archdiocesan assessment (a 10% tithe on our ordinary income).
Beginning this week the bulletin will include a comparison between the parish’s average cost per week based on our annual budget and our weekly collection.
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