A caring, Committed. Catholic Community. Financial Report 2014

Transcription

1 A caring, Committed Catholic Community Financial Report 2014 St. Anselm Church 100 Landham Road Sudbury, MA Tel:

2 Church Activities Saturday and Sunday liturgies, Women's support groups, Counseling, Liturgy planning, Religious education, Confirmation preparation, First Holy Communion, Baptism outreach, Bereavement ministry, Miracle kitchen, Giving tree, Charitable tithing, Adult choir, Holy Week services, Arise, Christmas Celebrations, Weddings, Funerals, Lectors, Eucharistic ministers, Greeters, Altar servers, Social committee, Daily Mass, Reconciliation, Visitation of the Sick, Buildings & Grounds, Adult Education, Food Pantry, Pastoral Council, Children's choir, Finance committee, Stewardship, Red Hat Society, Cursillo/Ultreya, Book Club, Welcoming commission, Youth Ministry, Prayer Shawl Ministry, Religious Education Class Outreach, Confirmation Service Projects, Helping Hands, Adopt a Garden, Blessing of the animals, Church picnic, and many more Church Staff Father Thomas Kopp Rector rector@stanselmsudbury.org Luanne Mellish Music Director jjjsmom3@msn.com Caroline Llewellyn Religious Education Coordinator cff.stanselm@verizon.net Caroline Llewellyn Administrative Assistant admin.office@stanselmsudbury.org Maureen Casperowitz Administrative Assistant/Ass't Bookkeeper finance.office@stanselmsudbury.org Elise Marcil Bookkeeper finance.office@stanselmsudbury.org Joe Robinshaw Sexton Finance Council: Pastoral Council Phil DeSantis, Chair Father Thomas Kopp, Rector Joe Casperowitz Joe Lentino, Chair Gene Willette Michael Maher Peter Abair Toni Benhaim Jack McGee Paula Jo Carbone Kristin Fay Bob Wilson Faith Hornor Scott Nassa MaryAnn O'Keeffe Michelle Picard Joe Phillips Jeffrey Quinn Volunteers: Cynthia Deysher Gail Trainor Business Manager Pastoral Liasion Page 1

3 Points to Consider when looking at St. Anselm Financial Results and Plans Operating income continues to be slightly above breakeven in both FY 2014 and 2013 Capital expenditures of $225k spent on elevator, new bathroom, new heating system, handicap door & ramp in last two years We are asking all members of our community to participate in planned prayerful offertory giving to support our community Parish community has raised funds in support of others, having made donations of $24,000 to charitable initiatives though St. Anselm Cash balances have declined to $375,000 as a result of significant and needed capital expenditures Our Future Financial Goals 1. To continue to be a vibrant, giving community through increased stewardship and philanthrophy 2. To encourage all parishioners to give 3. To have all households making a committed gift, based on a percentage of income. 4. To increase our offertory to continue our growth If every family made a gift, our church would be a model of stewardship Offertory Donations can be made several ways: Use offertory envelopes mailed to your home Mail checks to: St Anselm Church 100 Landham Road Sudbury MA Place donations in offertory boxes at church entrances On line banking payments to St. Anselm Credit card payment and Pay Pal Payments Page 2

4 St. Anselm Income and Expenditures & Balance Sheet Actual Actual Income Expense Jul'13-Jun'14 Jul'12 - June'13 Offertory 220, ,581 Interest 3,845 6,927 Religious Education 20,050 16,935 Fundraising 236 1,239 Donations 9,395 12,939 Other 3,563 2,040 Total Income 258, ,661 Personnel 140, ,973 Facilities 79,517 75,158 Office Expense 18,793 19,171 Liturgy 9,366 12,943 Charitable contributions 6,450 7,025 Religious Ed (non personnel) 3,324 5,173 All Other 23 2,867 Total Expenses 257, ,310 Operating Income 292 2,351 Capital Expenditures 117, ,337 Net Income -116, ,986 Balance Sheet June June Checking Account 27,997 19,753 RCAB Savings accounts 329, ,604 Restricted Cash: Bertelli Education Fund 18,547 18,385 Total Cash and Savings 375, ,989 TOTAL ASSETS 375, ,742 Accounts Payable/Accrued Expenses 3,515 4,682 TOTAL LIABILITIES 3,515 4,682 NET EQUITY 372, ,060 TOTAL LIABILITIES & EQUITY 375, ,742 Page 3

5 St. Anselm 2014 Budget v Actual Income Expense 2014 Budget 2014 Actual Variance Variance Explanantions of Variances Jul'13-Jun'14 Jul'13-Jun'14 $ % Offertory 224, ,965-3,635-2% Offertory 2% below plan Interest 7,200 3,845-3,355-47% Lower RCAB interest rate and lower cash balances due to capital projects Religious Education 17,000 20,050 3,050 18% Higher enrollments Fundraising % amounts not significant Donations 3,900 9,395 5, % Greater sacramental giving, restricted gift for parking lighting Other 2,000 3,563 1,563 78% New Pilot bulletin revenue Total Income $ 254,850 $ 258,054 $ 3,204 1% Personnel 138, ,289-1,597-1% within 1% of budget Facilities 72,450 79,517-7,067-10% Increased church maintenance expenditures Office Expense 18,660 18, % amounts not significant Liturgy 12,370 9,366 3,004 24% Decrease in altar supplies spending and no Chaplain expense Charitable contributions 7,025 6, % Tithing slightly less Religious Ed (non personnel) 5,300 3,324 1,976 37% Less spending on y/e CFF activities All Other Total Expenses $ 254,497 $ 257,762 $ (3,265) -1% Operating Income Balanced operating budget once again this year. Capital Expenditures 117,037 Capital expenditures undertaken for new entrance doors, handicap ramp and new gas heating system Net Income ,745 Page 4

6 St. Anselm Parishioner Charitable Giving July 2013 to June 2014 From Offertory: Tithing Gifts Made: Bertelli Scholarships Sacred Heart School Where Angels Play Foundation Salvation Army Charitable Tithing $ 6,450 Wounded Warriors Operation Helmet From Special Collections: Lt. Scott Milley Memorial Christmas 4,608 Smile Mass Easter 2,984 St. Vincent de Paul Society All others 10,383 Cycle for Survival Memorial FEED Foundation Total Parishioner Charitable Giving $ 24,425 Framingham Chapter of Kids PMC Cathedraticum Other Outreach Programs Include: Miracle Kitchen CFF Projects Helping Hands Giving Tree Thanksgiving Baskets Bereavement Support Food Pantry It is heartening to note that our community gave over $24,000 to charity and works of justice in fiscal year 2014 This is vital for us as a Christian community. While we need to spend money on our property, and especially for just wages for our employees, we also never want to lose sight of our concern for others. St. Anselm has once again responded with generosity and compassion. Page 6

7 Committed Giving Building a Foundation for the Future The key to the financial future of St. Anselm is committed giving. A church as active as St. Anselm's cannot survive on a "few dollars off the top". Regular weekly or monthly giving is essential. Please take time to assess your commitment to the church. Look at what you give. Make sure your gift is appropriate " A rich person for your level of income is not one who has much, but one who gives much. For that remains forever." St. John Chrysostom Refer to the chart below. Regular giving, based on a percentage of your household income, is vital for the long-term financial stability of our church. Pray over your gift. Ask God to show you what gift you should give Make your gift regularly - either weekly or monthly. Please use the envelopes. It is interesting to note that the largest portion of church giving comes from those who use envelopes. Loose cash accounts for very little of the church finances. If you do not now receive envelopes and would like them, please call the church office. Household Income Monthly Giving to Church (in dollars) Monthly Annual 1% 2% 3% 4% 5% 6% 10% 1,667 20, ,333 40, ,000 60, ,667 80, , , , , ,000 11, , ,167 13, , ,333 Household Income Annual Giving to Church (in dollars) Monthly Annual 1% 2% 3% 4% 5% 6% 10% 1,667 20, ,000 1,200 2,000 3,333 40, ,200 1,600 2,000 2,400 4,000 5,000 60, ,200 1,800 2,400 3,000 3,600 6,000 6,667 80, ,600 2,400 3,200 4,000 4,800 8,000 8, ,000 1,000 2,000 3,000 4,000 5,000 6,000 10,000 10, ,000 1,200 2,400 3,600 4,800 6,000 7,200 12,000 11, ,000 1,400 2,800 4,200 5,600 7,000 8,400 14,000 13, ,000 1,600 3,200 4,800 6,400 8,000 9,600 16,000 Page 7