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Annoucements - St Joseph Parish

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ST. JOSEPH'S PARISH FINANCIAL RESULTS
FOR TWELVE (12) MONTHS ENDING

DECEMBER 31, 2014
        Yearly    Actual
        Budget  Dec. 2014
        2014  12 Months
Funds In       
Collections          $189,800  $161,668
Other Income           102,900    117,141
FUNDS IN          $292,700        $278,809

Funds Out
Parish Expenses             $211,664
Loan Payment             11,000
School Subsidies & Tuition Assistance        25,772
*Outstanding Accounts Payable         54,009
**Flow Through’s                              19,927
FUNDS OUT            $274,350         $322,372
      

* Outstanding Accounts Payable includes two major Parish bills past due including $9,422 Fire Insurance and $44, 587 for Diocesan Assessment.  In total we have $54,009 in past due bills.

** Flow Through’s are in & out funds.  That means they have been given to the parish but are designated for the Food Bank or other charities.  After receiving the designated funds the parish then issues a cheque for the total funds received to the Food Bank / charity.  

Urgent projects that require significant dollars include new boiler and plumbing for the church.  Finance Committee and Building Committee are reviewing options for the boiler and plumbing.

Finance Committee is planning on putting quarterly financial updates in the bulletin along with relative educational information.


 
 
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