St' Gabriel Catholic Church Parish Council Budget Review Fiscal Year 20072008

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St. Gabriel Catholic Church Parish Council
Budget ReviewFiscal Year 2007-2008

• Claudia Putnam
• Business Manager

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Sources of Funds 2007-2008

• Offertory 2,603,500
• Facilities Fund -
• DSA Rebate 100,000
• Preschool (Cradle) 154,875
• Faith Development and Youth 45,700
• Donations Fundraising 13,200
• Rental Income 221,940
• Food Service 159,000
• Other 137,600
• Total 3,435,815

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Sources of Funds 2007-2008
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Uses of Funds 2007-2008

• Administration 526,653
• Facilities Maintenance 668,905
• Tithing 260,000
• Diocesan Assessments 415,272
• MACS 548,729
• Faith Development 166,986
• Youth Ministry 80,421
• Cradle Preschool 147,420
• Music 89,581
• Food Service 214,205
• Lay Ministry 168,186
• Parish Life 86,192
• Rectory 20,102
• Liturgy 15,200
• Total 3,407,852

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Uses of Funds 2007-2008
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Operation Summary
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Offertory History and Analysis

• Over the last 5 fiscal years the general
  offertory has averaged 2.38 million and grown an
  average of 2.2. Offertory growth over the most
  recent 3 years has averaged a higher 6 to 8
  after declines in the prior 2 years.
• With the debt reduction fund receipts included,
  over the last 5 fiscal years the general
  offertory averaged 2.75 million and grew an
  average of 2.4.
• Statistical analysis has not yet indicated key
  macroeconomic trends drive offertory changes.
• Changes in offertory receipts appear to track
  changes in parish size (registered parishioners
  as measured by offertory envelopes) somewhat.
• Analysis indicates only 33 of offertory
  envelopes are used regularly but that 33
  participation accounts for 90 of weekly
  offertory totals.

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Offertory History and Analysis

• The left chart shows fiscal general offertory
  totals and average registered parishioners during
  the same period as measured by envelope orders
• The right chart shows the same but adds the funds
  received for the debt reduction campaign to the
  offertory totals

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DSA Rebate

• This will be used for Outreach Ministry which is
  included in the Lay Ministry Department Costs
  100,000
• 126,000 as June 11, 2007
• It has not been decided how these funds will be
  spent. Give next Pastor discretionary funds

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Facilities Projects

• Parking Area (New) 283,000
• Parking Repair (School) 59,000
• Preschool Remodel (Ministry Center) 209,000
• Finish Room under Gym (School) 85,000
• Sound System (Church) 48,000
• Bathroom Refurbish (Church) 20,000
• Guardian Angel Memorial 13,000
• Miscellaneous 48,838
• Total 765,838

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Priest Retirement Assessment

• From the Diocese of Charlotte
• Shortfall will be funded from the tithing budget.

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Salaries

• 4 Cost of Living Increase for all Staff
• Budget for our current staff only.
• No new staff has been anticipated

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50th Anniversary of the Parish

• 57,800 Restricted Donation from parishioner to
  underwrite the celebration. Balance will be
  reserved at year end
• Funds not spent in 2007 will be added to
  Endowment Fund
• 5,000 is budgeted in Fiscal Year 2007 2008.

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Cash Position

• June 30, 2006 April 30, 2007
• General
• -Checking 113,416 212,170
• -Savings 638,683 1,052,097
• Tithing 63,369 131,124
• Columbarium
• -General 81,119 28,485
• -Savings 268,486 267,448
• Long Term 36,818 43,267

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Cash PositionApril 30, 2007

• Facilities Fund
• General 111,455
• Savings 631,096
• Total Available 742,551
• Estimated Expenditures 765,838
• Anticipated 2006-2007 Surplus includes DSA
  Rebate, Donations Wish List (300,000)
• Anticipated Expenditures in 2006-2007
  (125,649)
• Needed from Facilities Fund 340,189
• Projected Balance of Facilities Fund 402,362

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Cash Overview

• Checking 460,511
• Savings 1,683,220
• Long Term 43,267
• Columbarium 295,933
• Total 2,482,931

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Conclusion

• Balanced Budget Surplus 27,963
• Expenditures on Facilities viewed as Investment
  in the Parish
• Revenue conservative
• Expenditures reasonably anticipated, continuing
  present Ministries
• Only unknown is repair of Parish Center
• Cash Position year to year has stable and
  steadily up trending.
• Funds have been moved to savings