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Finance Committee
Chair Person:
Joe Fritz
Gregg Johnson
Mike Kubat
Vance Swanson
Larry
Thompson
Roof Appeal
We have met the goal for this appeal
with your very generous contributions.
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Sacred Heart Church |
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Financial Report |
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For the Month and Year to Date Ended February
31, 2012 |
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(Fiscal Year is July 1, 2011 to June
30, 2012) |
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Actual |
Budget |
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Actual |
Budget |
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Current Mo. |
Current Mo. |
Variance |
YTD |
YTD |
Variance |
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Income |
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Church Support |
$
50,045 |
$
51,592 |
$ (1,547)
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$ 460,387 |
$
456,722 |
$ 3,665 |
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Investment Income |
$
21 |
$
97 |
$
(77) |
$
512 |
$ 779 |
$
(260) |
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Other Income |
$ 75,091 |
$ 92,886 |
$ (17,795) |
$ 845,713 |
$ 911,585 |
$ (65,873)
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Total Income |
$ 125,156 |
$ 144,575 |
$
(19,419)
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$ 1,306,612 |
$1,369,087 |
$ (62,474) |
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Expenses |
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Employment |
$ 79,954 |
$ 81,818 |
$ 1,864 |
$ 631,485 |
$ 653,438 |
$ 21,953 |
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Program |
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$ 59,079 |
$ 86,353 |
$ 27,274 |
$ 680,260 |
$ 751,620 |
$
71,360 |
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Total Expenses |
$ 139,033 |
$ 168,170 |
$ 29,138 |
$ 1,311,746 |
$ 1,405,058 |
$ 93,313 |
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Net Operating Inc.
(Loss) |
$ (13,878) |
$ (23,595) |
$ 9,719
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$ (5,133) |
$
(35,971) |
$ 30,838 |
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Restricted Funds
Church Roof Appeal donations this
fiscal year $11,698.
Sound System donations: $21,433.
Fall Festival Tent donations received to date: $19,620.
Church support is below budget for the month
$1,547, but above budget year-to-date by $3,665. Total
Income is below budget for the month by $19,419 and below budget
Year-to-Date by $62,474 due to scrip and marathon fundraising
income lower than anticipated. . Restricted Funds
such as the Sound System donations cannot be used for regular
operating expenses such as payroll.
Total Income over Expenses is -$13,878 for
the month and -$5,470Year-to-Date. Actual Income is
higher than budget due to donations to restricted funds.
The Annual Diocesan Appeal (ADA) is underway.
Our parish goal is $38,470. Our parishioners have pledged
$24,830 so far with 117 people participating. We still
need $13,640. If you have not yet made your pledge, you
may pick up an envelope on the table at the back of church,
complete the appeal information and drop it the collection
basket at Mass. There is also an option for on-line giving
at www.dow.org.
Thank you for your sacrificial giving.
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Annual Diocesan Appeal
Goal for
2012: $38,470.00
Pledged to date: $
24,830
Percent to Goal
66%
Needed to goal:
$ 13,640
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