FINANCIAL STATEMENT FOR FISCAL YEAR 2016-2017
JULY 1, 2016-JUNE 30, 2017
For Fiscal Year 2017, we had revenues of $1,006,511 and expenses of $723,927 resulting in a net profit of $282,584. Most of the surplus funds derive from a $261,000 special gift which has been allocated to hiring increased personnel over the next three years to expand our ministry.
| Description | 2016-2017 Budget | 2016-2017 Actual |
|---|---|---|
| Revenue | ||
| Collections (Sunday Plate and Holy Days) | $73,790 | $67,637 |
| Pledged Gifts | $166,125 | $166,534 |
| General Fund | $182,147 | $197,520 |
| Special Donations and Restricted Gifts | $37,500 | $306,425 |
| Stipends (Baptism, Weddings, Mass Stipends) | $9,430 | $9,245 |
| Fees (Children’s Religious Education, Retreats, Wedding Preparation) | $22,655 | $13,923 |
| Quasi-Endowment at the Diocese | $228,000 | $245,227 |
| Total Revenue | $689,647 | $1,006,511 |
| Disbursements | ||
| Liturgy | $184,047 | $180,776 |
| Community Building | $57,250 | $57,358 |
| Faith Formation | $284,412 | $282,552 |
| Student Ministry | $211,620 | $203,241 |
| Total Disbursements | $737,329 | $723,927 |
