Year-End Financial
Report 2020
Report 2020
FINANCIAL STATEMENT FOR FISCAL YEAR 2019-2020
July 1, 2019-June 30, 2020
For fiscal year 2020, we had revenues of $914, 634 and expenses of $842,875 resulting in a slight surplus of $71,759.
| Description | 2019–2020 Budget | 2019–2020 Actual |
|---|---|---|
| Revenue | ||
| Collections (Sunday Plate and Holy Days) | $72,600 | $43,616 |
| Pledged Gifts | $200,000 | $288,145 |
| General Fund | $190,000 | $197,741 |
| Special Donations and Restricted Gifts | $5,000 | $19,680 |
| Stipends (Baptism, Weddings, Mass Stipends) | $12,000 | $5,000 |
| Fees (Children’s Religious Education, Retreats, Wedding Preparation) | $62,824 | $44,320 |
| Quasi-Endowment at the Diocese* | $261,000 | $316,132 |
| Total Revenue | $803,424 | $914,634 |
*The Quasi-Endowment is a separate fund treated as endowment by the Diocese, from which CC@S receives a quarterly income distribution. In Fiscal Year 2020, we received five, rather than four, quarterly disbursements as the prior year we had only received three quarterly disbursements. The Quasi-Endowment held at the Diocese is different from CC@S’s Endowment held at the Catholic Community Foundation of Santa Clara County.
