1 / 6

Saint Lawrence the Martyr Parish 2007 Financial Summary & 2008 Budget

Expenditure. 2,007. 2008. % + or -. Salaries & Benefits. 256,156. 367,561. 43%. Administration Costs. 74,954. 85,030. 13%. Facility Costs. 56,103. 66,820. 19%. Parish Programs. 98,742. 102,360. 4%. Diocesan Assessment. 47,292. 47,381. 0%. Insurance. 38,108. 41,379. 9%.

ray
Download Presentation

Saint Lawrence the Martyr Parish 2007 Financial Summary & 2008 Budget

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Expenditure 2,007 2008 % + or - Salaries & Benefits 256,156 367,561 43% Administration Costs 74,954 85,030 13% Facility Costs 56,103 66,820 19% Parish Programs 98,742 102,360 4% Diocesan Assessment 47,292 47,381 0% Insurance 38,108 41,379 9% Debt Service – P&I 109,333 109,333 0% 680,688 819,864 22% Saint Lawrence the Martyr Parish2007 Financial Summary & 2008 Budget Analysis • 2007: • Two large ONE TIME gifts totaling almost $200,000 • Exclusive large gift, overall income would have only been up by 5.6% • Parish staff cost lowered – Full time staff is now working Part time • Overall expenses fell by 14% compared to 2006 • Surplus from 2007 will be saved in parish reserves • 2008: • Parish goal of additional pastoral staff to serve needs of the community • 2008 running cost ($819,864) is 22% higher than 2007 • Average operating costs are higher than current average weekly collections

  2. Saint Lawrence the Martyr ParishCurrent weekly shortfall : July 07 – Sep 07

  3. Saint Lawrence the Martyr ParishWhat does this current weekly shortfall mean? If trend persists, significant level of service reduction

  4. Saint Lawrence the Martyr ParishTradition of Giving – An Hour Salary per Week

  5. Saint Lawrence the Martyr ParishTradition of Giving – An Hour’s Salary per Week

  6. Saint Lawrence the Martyr ParishTradition of Giving – What does An Hour’s Salary per Week buy for our Parish Home? • Full-time staff • Endowment • Level of service enhancement with a focus on Community Building • Debt-service elimination • Operational reserves • Emergency reserves • Enhanced programs • Sustainable Budget -No Fundraising!!

More Related