Sharing our Time, Talent and Treasure at Ascension

Transcription

1 Church of the Ascension N. Fountain Hills Blvd., Fountain Hills, AZ Annual Fiscal Report

2 Sharing our Time, Talent and Treasure at Ascension Religious Education - Miracle Projects Matthew Community at MANA House Annual St. Matthew s Back to School Drive 2

3 October 2018 Dear Friends, It is always a pleasure to write this annual report. In one way, it thanks all who have faithfully supported Ascension over the years. It is also a yearly opportunity to highlight programs and activities at Ascension and to give a stewardship report on how the monies you contribute are used to build up the body of Christ. Thanks go to all parishioners who have in faith made Christian Stewardship a way of life by committing their time, talent, and treasure in support of our faith community. Thanks also to all of you who have gotten involved with the parish sponsored opportunities to be doers of the Word. In our doing, we live out our faith. Please take a few minutes to review the Income Statement and Balance Sheet on pages 4 and 5. They reveal that the parish remains in a sound financial position. Our financial position is due largely to you who contribute consistently to the support of the parish. Additionally, the advice and counsel of the Finance Council, chaired by Elmer Naber and the Pastoral Council, chaired by Corinne Butts are most helpful and appreciated. In addition to parish activities, Ascension is known widely for its outreach. In fiscal , the parish gave over $110,000 to a variety of institutions and programs. See page 6 for a list of recipients. As we complete our five year commitment to infrastructure projects in the Diocese of Tshumbe in the Democratic Republic of the Congo, monies from outreach and parishioners contributions totaled $52,916 in this fiscal year. That brings our five year total to $271,802; $55,000 from outreach and $215,802 from parishioner pledges. The music program gave over $25,000 to fine arts programs at St. Matthew School and support of Circle the City in the fiscal year. Four years ago, the Finance Council established two portfolio investment accounts. In anticipation of a time when we need to build a new church, the Building Investment Account was established; it currently has a value of over $1.4M. The Operating Investment Account currently has a value of over $480K. During this fiscal year, in addition to funding ministry and outreach programs, two maintenance projects were completed. The incoming driveway was replaced and the parish offices were re-carpeted. Because of your consistent support, we are able to fund capital maintenance through our operating budget, avoiding the need for capital campaigns for large maintenance projects. I thank and commend each of you who have made an annual commitment to support this parish through the generous giving of your time, talent, and treasure. The combined efforts of us all are a powerful witness to our faith as Catholic Christians. At the beginning of November, each of us will be asked to prayerfully discern and make a financial commitment to the parish for the coming year. Sincerely yours in Christ, John T. McDonough, Pastor Parish Mission Statement Committed to build, strengthen, and nurture the Body of Christ. Our community welcomes all who come through our doors to worship and seek spiritual nourishment. As a Stewardship parish, we respect and embrace an individual s time, talent and treasure. To join our faith community, please contact the office. 3

4 CHURCH OF THE ASCENSION Income Statement (Excludes Capital Fund) Fiscal Years June 2018 June 2017 INCOME FROM OPERATIONS Sunday Contributions $876,500 $824,099 Designated Contributions 3 187, ,967 All Other 32,344 36,703 TOTAL INCOME FROM OPERATIONS $1,096,283 $982,769 OPERATING EXPENSES Worship & Sacraments 1 385, ,001 Administration 1 150, ,608 Property, Maintenance, & Utilities 64,208 51,981 Catechetical ministry 1 80,526 78,513 Youth Ministry 1 37,397 36,842 Communication 10,819 9,757 Insurance - General 11,855 11,636 TOTAL OPERATING EXPENSES 740, ,338 NET INCOME FROM OPERATIONS 355, ,431 NON-OPERATING EXPENSES Outreach 3 163, ,683 Diocesan Assessment 101,588 94,483 Depreciation 75,285 72,899 TOTAL NON-OPERATING EXPENSES 340, ,065 TOTAL EXPENSES 1,081, ,403 NET INCOME (Deficit) $14,549 $24,366 Operating Account Balances As of June 30, 2018 TD Ameritrade Investment $483,370 $460,632 MidFirst Checking and Savings 2 331, ,662 Total $814,927 $737,294 NOTES 1 All salaries, benefits and supplies associated with these ministries are included. Hospitality is included in: Worship & Sacrament, Administration, Catechetical and Youth Ministries. 2 In July & August 2018, $110,561 of this amount was spent to pay our Fiscal Year 2018 Diocesan Assessment and the Priest Retirement Assessment. 3 In 2018, Designated Contribution Income and Outreach Expenses includes parishioner gifts of $52,916 for the Congo. 4 Any Questions, please call Finance Council Chair: Elmer Naber at

5 ASSETS CHURCH OF THE ASCENSION STATEMENT OF FINANCIAL POSITION Fiscal Years June 2018 June 2017 Operating Checking - MidFirst $110,888 $246,393 Building Checking- MidFirst 21,680 22,495 Operating Savings - MidFirst 220,669 30,269 Operating Investment - TD Ameritrade 483, ,632 Building Investment - TD Ameritrade 1,440,615 1,348,341 Petty Cash TOTAL CASH $2,277,371 $2,108,280 Prepaid Expenses 2,370 4,039 TOTAL OTHER ASSETS 2,370 4,039 TOTAL CURRENT ASSETS 2,279,741 2,112,319 Land 1,637,109 1,637,109 Buildings 1,174,010 1,141,876 Furniture & Fixtures 363, ,212 Construction in Progress 119, ,731 Accumulated Depreciation (1,205,141) (1,129,856) TOTAL REAL PROPERTY 2,088,921 2,132,072 LIABILITIES & FUND BALANCES TOTAL ASSETS 4,368,662 4,244,391 Diocesan Assessment Payable $110,561 $102,981 Other Miscellaneous Payables 41,320 38,747 TOTAL CURRENT LIABILITIES 151, ,728 Unrealized Gain - Operating Investment 54,440 41,568 Unrealized Gain - Building Investment 189, ,844 Deferred Revenue 2,090 6,810 TOTAL LIABILITIES 398, ,950 Unrestricted Net Assets 2,508,295 2,507,049 Temporarily Restricted Net Assets 1,462,295 1,396,392 TOTAL FUND BALANCE 3,970,590 3,903,441 TOTAL LIABILITIES & FUND BALANCE $4,368,662 $4,244,391 5

6 WE ARE A STEWARDSHIP PARISH; THEREFORE, WE COMMIT TO OTHERS NEEDS A PORTION OF OUR TREASURE $ 2,000 Duet (Senior Services) 8,000 Valley Interfaith Project 7,200 St. Matthew Parish in central Phoenix 7,200 St. Matthew School in central Phoenix 10,000 Sound System for Andre House 3,990 Ground meat for Andre House 18,000 Support to MANA House/Catholic Charities 5,650 Catholic Charities Counseling Services/Parish Counseling Services 1,000 St. Joseph the Worker 15,000 Diocese of Tshumbe 1,714 Maggie s Place 6,000 Circle the City 1,250 Building Bridges Table Sponsorship 4,000 Food for Kids 1,200 Fountain Hills Boosters/Falcon Fiesta 2,500 Islamic Speakers Bureau 94,704 $16,354 Special Collections: Black & Indian Mission, Counseling, Crosier Fathers & Brothers, Sanctity of Life, Mission Sunday, Special Needs Appeal, Campaign for Human Development, Catholic Home Missions, Communication Campaigns, St. Matthew School Collection, Bucket of Hope, Sacred Heart Parish, Thanksgiving Interfaith Service $111,058 TOTAL OUTREACH: $111, $101,683 SPECIAL COLLECTIONS: Ash Wednesday Collection Andre House $ 3,417 Peter s Pence $ 1,941 Rice Bowl 4,485 Holy Land 2,253 Religious Retirement 5,451 Mission Coop 5,828 Plus generous donations of goods throughout the year and $102,735 pledged to CDA! 6

7 Parish Life at Ascension First Communion and Confirmation - April 2018 RE: Spring 2018 Life Long Learning - March 2018 Annual Parish Picnic - April 2018 Vacation Bible School - July

8 CHURCH OF THE ASCENSION PARISH DIRECTORY Adoration of the Blessed Sacrament Parish Office Altar Servers Scheduler LeAnn Pernot/Deacon Phil x201 Altar Servers Trainer Deacon Phil Art & Environment Karen Ramos Baptism Preparation Cheryl Hentz x206 Bulletin Stuffers George Andersen Children s Liturgy of the Word Cheryl Hentz x206 Coordinator of Liturgy Charles Szczepanek x208 Cursillo Kathy Anderson Director of Catechetical Ministries Cheryl Hentz x206 Director of Music Charles Szczepanek x208 Eucharistic Ministers Amy Kobylka x201 Facilities & Maintenance Supervisor John Gallagher x210 Fair Trade Coffee Ministry Ron & Nancy Beck Finance Council Elmer Naber Hospitality (Ushers) Amy & Dan Cohorst Lectors Nancy Ordowski Life Long Learning Deacon Phil LoCascio x202 Money Counters Bill Targos Office Manager/Bookkeeper Mary Lou Kubes x204 Parish Administrative Assistant LeAnn Pernot x201 Pastoral Assistant Dolly Hartel x205 Pastoral Care Deacon Phil LoCascio x202 Pastoral Council Corinne Butts Prayer Line LeAnn Pernot x201 RCIA Deacon Phil LoCascio x202 Religious Education Grades K 5 Cheryl Hentz x206 Sunday Coffee Ministry LeAnn Pernot x201 Youth Group -Middle & High School Cheryl Hentz x206 OUTREACH MINISTRIES Andre House Mary Lou Cecilio (Tuesdays) Jerry Davis (Thursdays) Eucharistic Ministers to the Sick Deacon Richard Smith Matthew Community Mary Targos/Jean Briggerman / Mission Rosary Makers Marie Juetten Visiting the Sick Deacon Phil LoCascio x202 ORGANIZATIONS St. Vincent de Paul Fountain Hills Help Line Boy Scouts Scott Woods- Bsatroop343@gmail.com Cell Retrouvaille Ron & Nancy Beck Caregivers Duet Foundation for Senior Living & Adults with Disabilities