Parish Financials

The 2013-2014 Fiscal Year is finally complete.  Over the past year, we have made large strides to reduce costs and become more efficient.  We have also made fee changes that will improve cash flow and lessen the burden of the School Families.  With all these changes, we were able to do a few projects with some of the savings.  We built a 3rd ECLC classroom, a new music room and finally repaired the asphalt in our parking lots.

After all these changes, it looks like we are poised to have another great year.  Below is a condensed version of how the 2013-2014 Fiscal Year(July 1,2013  - June 30, 2014) turned out:

 

2013-2014 St. Peter’s Parish & School Profit & Loss Budget Vs. Actual Statement

 
  Income Actual   Budget
CONTRIBUTION INCOME 2,559,405.47      2,557,500.00
DEVELOPMENT/FUND RAISING 286,315.56        263,000.00
OPERATIONAL 40,301.16          33,350.00
EDUCATION 1,386,358.85      1,246,000.00
RELIGIOUS EDUCATION INCOME 3,421.00            2,700.00
MINISTRY & PROGRAM FEE INCOME 611.38            1,200.00
DIOCESAN/PARISH ALLOCATIONS 1,200.00                     -
OTHER INCOME 139,740.45        230,982.00
Total Income 4,417,353.87     4,334,732.00
Expense
PERSONNEL 2,914,742.28      2,934,955.00
FACILITIES 425,253.13        408,550.00
GENERAL/OPERATIONAL 691,480.92        672,627.00
PRAYER & WORSHIP 13,306.30          12,000.00
RELIGIOUS EDUCATION 4,140.46            8,900.00
PASTORAL MINISTRY 48,355.54          46,700.00
OTHER EXPENSES 264,777.74        251,000.00
Total Expense 4,362,056.37     4,334,732.00
Net Income 55,297.50 0
 

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