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ST. JOSEPH'S PARISH FINANCIAL RESULTS
FOR TWELVE (12) MONTHS ENDING
DECEMBER 31, 2014
Budget Dec. 2014
2014 12 Months
Collections $189,800 $161,668
Other Income 102,900 117,141
FUNDS IN $292,700 $278,809
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.