2013 Financial Report

Sacred Heart Parish, North Quincy
Statement of Income and Expenses for Fiscal Year End 6/30/13
Pastor's letter can be read here.
         
Church Revenue Actuals 6/30/13 2012-13
Budget
Variance to
Budget
2013-14 Budget
Offertory 473,183 505,000 (31,817) 500,000
Grand Annual 109,346 125,000 (15,654) 115,000
Capital Improvements 35,841 40,000 (4,159) 35,000
Sacramental Offerings 56,611 40,000 16,611 40,000
Gifts, Bequests, Memorial Fund 38,941 15,000 23,941 15,000
Catholic Appeal Rebate 7,458 4,000 3,458 4,000
Flowers 7,439 7,000 439 7,000
Religious Education 19,431 16,500 2,931 16,500
Interest/Dividend Income 3,168 5,000 (1,832) 3,000
Liturgical Publications (Bulletin) 4,000 4,000 0 4,000
Other Donations/Income 37,382 28,000 9,382 25,000
Catholic Education Donations 26,918 0 26,918 0

Total Income

819,718

789,500

30,218

764,500

Church & Rectory Expenses        
Salaries & Employee Benefits 221,837 247,450 (25,613) 240,888
Clergy Remuneration & Benefits 105,994 106,272 (278) 109,103
Funeral and Mass Stipends 34,990 0 34,990 0
Religious Education Salaries & Expenses 38,843 41,000 (2,157) 40,000
Maintenance/Capital Improvements  100,153 125,000 (24,847) 115,000
Property Insurance & Liability 37,229 38,500 (1,271) 40,000
Heat, Electric, Telephone, Water & Sewer 36,231 43,000 (6,769) 39,000
Household 15,251 17,000 (1,749) 17,000
Church Expenses 84,605 75,500 9,105 65,000
Liturgical 7,822 4,000 3,822 4,000
Loan Expense #1 (Energy Loan) 10,000 10,000 0 833
Loan Expense #2 (Heating System) 8,622 8,625 (3) 12,961
Loan Expense #4 (Parking Lot) 37,800 37,800 0 37,800
Central Ministry Tithe 34,092 34,090 2 41,188

Total Expenses

773,469

788,237

(14,768)

762,773

  46,249 1,263 44,986 1,727
         
Disbursements:        
   St. Vincent de Paul Collection: $7,210        
   Diocesan Collections:  $74,104        
Recap Other Financial Information as of 6/30/13:        
   Major Capital Improvements of $117,948 were paid with funds from our RCAB Savings, Memorial Fund, and Building Fund.  
   Cash Balances:  $298,524.62        
   Loans Payable to RCAB Revolving Loan Fund:  $254,796.92      

 

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