Our Lady of Hope Parish Financial Team BUSINESS MANAGER John J. Colaianni, Jr. BOOKKEEPER Peg...

Parish Finance Council

Cannon Law requires each Parish to have a Finance

Council

Our Lady of Hope Parish Financial Team

BUSINESS MANAGERJohn J. Colaianni, Jr.

BOOKKEEPERPeg O’Connor

FINANCE COUNCIL MEMBERSChairperson

Anthony D’Orazio

CPATheresa Colaizzo

Deacon AdvisorDeacon Jack Werner

Frank Brandis*Nancy BrennerGina Cotton*Ron Tobia

* Trustees

RESPONSIBILITIES

Report Annually to Parishioners

Provide Opinion to Pastor and/or Bishop on Purchase or Sale of Capital Assets

Provide Consultation with Pastor on Major Financial Issues

Review School Budget

Prepare Annual Budget with Business Manager

May 12, 2010(Merger Date)

$400K

$1.2M

$153 K

LOSS

$1.5 K

LOSS

$28 KSaving

s$160 KDebt

June 30, 2010(End of Fiscal Year)

JuLy 1, 2010(Beginning of Fiscal Year)

92.7%

7.3%

Fiscal Year 2010-2011BUDGET ($1.687 M)

Expense $1.564 MNet Income $122.7 K

98.8%

1.2%

July 1 - September 30, 2010 BUDGET ($376.1 K)

Actual Expense $371.6 KUnder Budget $4,504

Our Lady of Hope ParishDebt Analysis

Loan Payment Schedule June 30, 2011

$ 50,000

Debt Outstanding June 30, 2011

*$ 1,043,155

Additions to Debt July 1, 2010

$ 933,155

Debt Outstanding June 30, 2010

$ 160,000

TOTAL INTEREST & EXPENSE

$41,679

* Increase of approximately $400K

H O P Eelp

wnership

rayer

vangelization

The Parish Finance Council

Thanks You!

Our Lady of Hope ParishStatement of Expenditures

July 1 – September 30, 2010

EXPENDITURE BUDGET ACTUALPastoral Salary & Benefits $111,051 $111,186

Education $69,234 $71,658

Administrative / Office - Rectory $51,011 $48,377

Custodial / Maintenance $48,464 $46,304

Utilities $29,132 $32,334

Fixed Cost $36,860 $26,850

Capital $7,500 $12,700

Rectory $10,922 $9,315

Hispanic $1,732 $4,992

Social Service $2,250 $2,896

Church Universal $6,929 $4,969

TOTAL: $376,085 $371,581

Our Lady of Hope ParishStatement of Revenue

July 1 – September 30, 2010

REVENUE BUDGET ACTUALWeekly Collection $233,676 $235,256

Education Revenue $31,875 $68,411

Pastoral Revenue $71,042 $32,949

Church Universal Collections $6,929 $5,325

Social Service Revenue $4,000 $4,735

Hispanic Revenue $1,249 $3,4841

TOTAL: $348,771 $350,160