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Our Lady of Hope Parish Financial Team BUSINESS MANAGER John J. Colaianni, Jr. BOOKKEEPER Peg O’Connor FINANCE COUNCIL MEMBERS Chairperson Anthony D’Orazio.

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Presentation on theme: "Our Lady of Hope Parish Financial Team BUSINESS MANAGER John J. Colaianni, Jr. BOOKKEEPER Peg O’Connor FINANCE COUNCIL MEMBERS Chairperson Anthony D’Orazio."— Presentation transcript:

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3 Our Lady of Hope Parish Financial Team BUSINESS MANAGER John J. Colaianni, Jr. BOOKKEEPER Peg O’Connor FINANCE COUNCIL MEMBERS Chairperson Anthony D’Orazio CPA Theresa Colaizzo Deacon Advisor Deacon Jack Werner Frank Brandis* Nancy Brenner Gina Cotton* Jim Lannahan Ron Tobia * Trustees

4 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

5 Our Lady of Hope Parish Income and Expense Summary Fiscal Years & Account TitleFY FY *Year of Merger INCOME OPERATING INCOME Collections Income$1,061,537$1,171,551 Liturgical & Sacramental Income$166,436$183,517 Religious Ed & Youth Ministry Income$103,028$135,479 Other Ministry & Program Income$10,603$16,221 Fundraising Income$78,171$81,536 Restricted & Unrestricted Income$176,923$33,810 Hispanic Income$18,595$5,722 TOTAL INCOME: 1,615,293 1,627,836

6 Our Lady of Hope Parish Income and Expense Summary Fiscal Years & EXPENSES OPERATING EXPENSES Clergy and Rectory Expense$284,469$359,537 Facilities & Insurance Expenses$211,032$223,759 Utilities Expense$97,524$116,988 Salary, Benefits and Administrative Expenses$287,882$403,415 Liturgical & Sacramental Expenses$123,231$127,402 Parish Subsidy to School$133,014$143,851 Religious Ed & Youth Ministry Expenses$173,905$173,228 Hispanic Expense$33,911$4,943 Fundraising Expense$61,295$70,636 Diocesan Assessments$122,314$130,552 SUBTOTAL$1,528,577$1,754,311 EXTRAORDINARY EXPENSES Capital Expenditures$27,529$40,911 Interest on Loans$16,437$7,947 SUBTOTAL$43,966$48,858 TOTAL OPERATING AND EXTRAORDINARY EXPENSES:$1,572,543$1,803,169 NET INCOME (LOSS)$42,750($175,333)

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8 Our Lady of Hope Parish Debt Analysis Sub-Total:$ 1,110,847  Payments to Debt$ 84,219  Additions to DebtMarch 31, 2011$ 950,847  Debt OutstandingJuly 01, 2010 $ 160,000  REMAINING DEBT BALANCESeptember 30, 2011$ 1,026,628

9 Our Lady of Hope Parish Statement of Revenue July 1 – September 30, 2011 REVENUEBUDGETACTUAL Weekly Collection$244,998$212,815 Education Revenue$65,625$57,612 Pastoral Revenue$72,324$74,516 Church Universal Collections$14,150$13,371 Social Service Revenue$4,999$4,521 Hispanic Revenue$4,000$5,263 1 TOTAL:$406,096$368,098

10 Our Lady of Hope Parish Statement of Expenditures July 1 – September 30, 2011 EXPENDITUREBUDGETACTUAL Pastoral Salary & Benefits$121,660$123,423 Education$78,494$75,941 Administrative / Office - Rectory$51,586$52,530 Custodial / Maintenance$48,823$39,756 Utilities$30,824$34,460 Fixed Cost$42,463$37,748 Capital$75$7,581 Rectory$11,307$8,180 Hispanic$1,013$14,767 Social Service$2,500$1,487 Church Universal$14,150$13,371 TOTAL:$402,895$409,244

11 Our Lady of Hope Parish KEY NUMBERS CATEGORY Households People16,23215,000 People Attending Mass2,6002,500 Religious Ed Families Religious Ed Students People Receiving Envelopes People Using Envelopes Amount Received per Envelope$20.88$22.25

12 Our Lady of Hope Parish KEY NUMBERS CATEGORY $ Per Person Attending Mass$7.10$6.50 Average Weekly Collection$18,100$18,000 Christmas Collection?$95,000 Easter Collection?$82,000 Diocesan Collections$43,000$46,000 People Using Electronic Giving Electronic Giving Amount$31,000$38,000 Parish Debt$1,026,628$160,000

13 The Parish Finance Council Thanks You!

14 Our Lady of Hope School Income and Expense Summary Fiscal Years & Account TitleFY 10-11FY INCOME OPERATING INCOME School Tuition Related Income$1,838,662$1,801,808 Regional Parishes Subsidy$375,121$427,698 Fundraising Income$93,956$130,018 TOTAL INCOME:$2,307,739$2,359,524 EXPENSES OPERATING EXPENSES Salary and Benefits$1,373,687$1,382,917 Facilities Expense$161,602$136,851 Utilities Expense$112,374$113,925 Admistrative Expense$222,687$226,828 General Operating Expense$124,876$120,265 School Instructional Expense$191,410$255,348 SUB-TOTAL$2,186,636$2,236,134 EXTRAORDINARY EXPENSES Capital Expenditures$71,510$44,033 Interest on loans$46,778$0 SUB-TOTAL$118,288$44,033 TOTAL OPERATING AND EXTRAORDINARY EXPENSES:$2,304,924$2,280,167 NET INCOME$2,815$79,357


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