Finance

We Generally Give to A Need
We Will Learn The Need To Give

Finance Committee

Chair Person:      Joe Fritz
Gregg Johnson     Mike Kubat          Vance Swanson
   Larry Thompson
 

Roof Appeal

We have met the goal for this appeal with your very generous contributions.

Sacred Heart Church
Financial Report
For the Month and Year to Date Ended December 31, 2011
(Fiscal Year is July 1, 2011  to June 30, 2012)
                   
        Actual Budget   Actual Budget  
        Current Mo. Current Mo. Variance YTD YTD Variance
Income                
                   
  Church Support  $        97,716  $       92,942 $  (266)   $       349,906  $       353,538 $  (3,631)
                   
  Investment Income $          36 $        97   $      (61)  $          487                       $         584  $      (97)
                   
  Other Income

$       ,646

 $   94,386

$  10,261

 $    674,873

 $   725,814

$(50,941)
                   
    Total Income  $  197,398  $ 187,425 $   9,933  $ 1,025,266

 $1,079,936

$ (54,669
                   
Expenses                
                   
  Employment  $    85,593  $   81,818 $  (3,775)

$    470,782

 $    489,800 $  10,019
                   
  Program    $    90,019

 $  87,736 

  $   (2,283)

  $    563,972

$    578,915 $  14,943
                   
    Total Expenses  $    75,612  $  169,535 $  (6,058)  $ 1,034,754 $   ,068,716 $  33,962
                   
Net Operating Inc. (Loss)  $     1,787

$   17,872

$    3,875)  $     (9,487)   $      11,220 $(20,707)
                   

Restricted Funds

Church Roof Appeal: $11,073 contributions made this fiscal year.
Sound System: $15,488 received to date.

Church support is below budget for the month $266, but below budget year-to-date by $3,631.  Total Income is above budget for the month by $9,933 due to contributions received for the sound system and the roof appeal,  but still below budget Year-to-Date by $54,699. 

Expenses are over budget for the month by $9,933, but still under budget Year-to-Date by $33,962 due to Scrip expense lower than anticipated. 

Total Income over Expenses is $21,797 for the month which is $3,875 above budget.  However, the Year To Date net is -$9,487, which is $20,707 below budget..

Year End Church Offering statement were mailed out Friday.  If you have not returned your financial commitment card one is enclosed with your statement.  Please be generous as you complete this commitment card and return it in the collection basket or to the church office.

Thank you for your sacrificial giving.

 

 

Annual Diocesan Appeal

    Goal for 2011:       $38,750.00
   
    Pledged to date:   $32,427.00
    Percent to Goal     
83%

    Needed to goal:    $ 6,323.00

Scrip

Profits Go to the School

Profit from $crip .....$ 318.73

     Direct deposit from checking or savings available.
     Call 835-1222

 

The Finance Committee watches the funds for Sacred Heart and acts as an advisory body for Father who is responsible for managing the Church Financial affairs.

The Committee meets monthly throughout the Fiscal year of July 1st through June 31st.