Our Lady of Hope Parish Financial Team BUSINESS MANAGER John J. Colaianni, Jr. BOOKKEEPER Peg...
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Transcript of Our Lady of Hope Parish Financial Team BUSINESS MANAGER John J. Colaianni, Jr. BOOKKEEPER Peg...
Parish Finance Council
Cannon Law requires each Parish to have a Finance
Council
Our Lady of Hope Parish Financial Team
BUSINESS MANAGERJohn J. Colaianni, Jr.
BOOKKEEPERPeg O’Connor
FINANCE COUNCIL MEMBERSChairperson
Anthony D’Orazio
CPATheresa Colaizzo
Deacon AdvisorDeacon Jack Werner
Frank Brandis*Nancy BrennerGina Cotton*Ron Tobia
* Trustees
RESPONSIBILITIES
Report Annually to Parishioners
Provide Opinion to Pastor and/or Bishop on Purchase or Sale of Capital Assets
Provide Consultation with Pastor on Major Financial Issues
Review School Budget
Prepare Annual Budget with Business Manager
May 12, 2010(Merger Date)
$400K
$1.2M
$153 K
LOSS
$1.5 K
LOSS
$28 KSaving
s$160 KDebt
June 30, 2010(End of Fiscal Year)
JuLy 1, 2010(Beginning of Fiscal Year)
92.7%
7.3%
Fiscal Year 2010-2011BUDGET ($1.687 M)
Expense $1.564 MNet Income $122.7 K
98.8%
1.2%
July 1 - September 30, 2010 BUDGET ($376.1 K)
Actual Expense $371.6 KUnder Budget $4,504
Our Lady of Hope ParishDebt Analysis
Loan Payment Schedule June 30, 2011
$ 50,000
Debt Outstanding June 30, 2011
*$ 1,043,155
Additions to Debt July 1, 2010
$ 933,155
Debt Outstanding June 30, 2010
$ 160,000
TOTAL INTEREST & EXPENSE
$41,679
* Increase of approximately $400K
H O P Eelp
wnership
rayer
vangelization
The Parish Finance Council
Thanks You!
Our Lady of Hope ParishStatement of Expenditures
July 1 – September 30, 2010
EXPENDITURE BUDGET ACTUALPastoral Salary & Benefits $111,051 $111,186
Education $69,234 $71,658
Administrative / Office - Rectory $51,011 $48,377
Custodial / Maintenance $48,464 $46,304
Utilities $29,132 $32,334
Fixed Cost $36,860 $26,850
Capital $7,500 $12,700
Rectory $10,922 $9,315
Hispanic $1,732 $4,992
Social Service $2,250 $2,896
Church Universal $6,929 $4,969
TOTAL: $376,085 $371,581
Our Lady of Hope ParishStatement of Revenue
July 1 – September 30, 2010
REVENUE BUDGET ACTUALWeekly Collection $233,676 $235,256
Education Revenue $31,875 $68,411
Pastoral Revenue $71,042 $32,949
Church Universal Collections $6,929 $5,325
Social Service Revenue $4,000 $4,735
Hispanic Revenue $1,249 $3,4841
TOTAL: $348,771 $350,160