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 transcript:

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* 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 $153 K LOSS $1.5 K LOSS $1.5 K LOSS $28 K Savings $160 K Debt June 30, 2010 (End of Fiscal Year) JuLy 1, 2010 (Beginning of Fiscal Year)

Our Lady of Hope Parish Debt Analysis  Loan Payment ScheduleJune 30, 2011$ 50,000  Debt OutstandingJune 30, 2011*$ 1,043,155  Additions to DebtJuly 1, 2010$ 933,155  Debt OutstandingJune 30, 2010$ 160,000 TOTAL INTEREST & EXPENSE$41,679 * Increase of approximately $400K

The Parish Finance Council Thanks You!

Our Lady of Hope Parish Statement of Expenditures July 1 – September 30, 2010 EXPENDITUREBUDGETACTUAL Pastoral 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 Parish Statement of Revenue July 1 – September 30, 2010 REVENUEBUDGETACTUAL Weekly 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$3,484 1 TOTAL:$348,771$350,160