TGH Logo

Help us get found - Please share this page with friends

Financial Report

In the bulletin today is a financial report for Good Shepherd Catholic Community. This report does not include the revenue and expenditures of the Food Pantry that became an independent not-for-profit corporation and was relocated to a building in the Southern Cayuga Central School during this past fiscal year.

Posted by Fr. Bill on September 3, 2017

The fiscal year for our parish runs from July 1 to June 30.   There are two reports included in the bulletin insert; one is a Balance Statement and the second is a statement of Revenues and Expenditures (sometimes called an Income Statement).  The Balance Sheet report shows a comparison of where we stood at the close of the each of the last three fiscal years.  The Total Assets being all the money held by the parish in various accounts, and the Total Liabilities being all the accounts that we have a responsibility to pay in the future.  The Fund Balance is the Total Assets minus the Total Liabilities.

The Statement of Revenue and Expenditures includes the actual amounts of money we took in and paid out in the fiscal year (fy) ending 6/30/16 and 6/30/17 as well as the budgeted figures for last year and the current budget for fiscal year 7/1/17 to 6/30/18.  The Net Operating Revenue does not include Changes in Investment Market Value or the Affiliated Organizations like the Altar Rosary Societies.  Nor does it include the expenses for major building repairs or purchases, they are considered Capital Purchases that are over and above our day to day operating costs, they are considered Non-Operating Revenues and Expenditures.  The Net Revenue includes all the money we took in and paid out during the year, whether they were Operating or Non-Operating.  The bottom line is in 2015/16 we received $5,491 more than we paid out!   During the fiscal year 2016/17 we received $5,158 more than we paid out!  It is a positive note that we finished with a surplus each year, but we had budgeted $25, 000 each of the past two years for Capital Expenditures, or $50,000 total, while spending $18,266 & $18,854 in the last two years on Capital improvements, or $37,120 total.  So while we have had a surplus the past two years it has been earmarked for the Capital improvement projects that still need to be accomplished.

This year the Finance Council has presented a balanced Operating Budget for the 2017/2018 fiscal year for our parish.   We have once again designated $25,000 for capital improvements as a Non- Operating Expense.  However, offsetting revenue for this expense has not been budgeted.  The plan is to pay for these necessary improvement from surpluses in prior years and from prior donations to our Memorial Fund.   In June I indicated that in order to assure a balanced Net Operating Budget for the year we asked you to make an increase in your weekly giving if possible.  The currently budget is calling for a $180 increase in the parish weekly offering. 

As I said in June if each household is able to increase their weekly offering by $1.50 per week, or about the cost of a cup of coffee, we would reach the budgeted increase.  Many of you did make an increase at that time; if you didn’t I ask you to make a weekly increase in your Sunday offering if you are able.  As we just ended the first quarter of the fiscal year this week we are tracking close to the budgeted need, just $294 short.  We thank our summertime visitors for helping us reach that total.  But, many of them will be leaving us in the next few weeks, so if you haven’t yet made an increase in your weekly offering, I ask you once again to please consider doing so.  I know that some of you might not be in a position to make and increase and others may be able to make a greater increase, but if we all work together I am sure the needs of the parish will be met.  As always I thank you for your generosity support.

I thank as well all the volunteers who have been working on the rectory living and dining rooms and the guest room ceiling.  Many people have put in many hours, but the completion is in sight!  It will be a great improvement!  Thank you all. God’s blessings and peace, Father Bill

 

Words from our Pastor

MOORBY, William.jpg

  • June
    • Happy Father’s Day
      Today we celebrate Father’s Day! Each year on the third Sunday of June as we honor our fathers it is truly a special day! Thi…
    • Pentecost Sunday
      This weekend we end the Easter Season with the Feast of Pentecost. The gift of the Holy Spirit upon the disciples marks the fina…
  • May
    • Memorial Day Weekend
      Monday we will be celebrating Memorial Day. As we remember all those who have died in the service of our country, we pray that t…
    • Faith Formation and Vacation Bible School
      Our Faith Formation classes are concluding until we meet again in the Fall. Once again it has been a busy year. We had 20 studen…
    • Happy Mother’s Day!
      As we continue to celebrate the Resurrection of the Lord on this Fourth Sunday of Easter and the New Birth we received in our ba…
    • Pastoral Council Nominations 2019-2020
      As we see the beauty of spring finally arriving, it reminds me that it is once again the time of the year to replace current mem…
  • April
    • Reflections on my Ordination
      Thirty Seven years ago, on April 30th, 1982, I was ordained to the Priesthood. In many ways it seems like only yesterday, then …
    • Happy Easter! The Lord has Risen
      On behalf of the staff of Good Shepherd Catholic Community, I wish all of you and your families a very blessed and joy filled Ea…
    • Holy Week - The Triduum
      Today as we celebrate Palm Sunday we enter the most solemn week of the Church Year – the final, intense days of Lent and the gre…
    • Is it Spring Yet!
      I woke up this morning to see snow on the ground! It was if God was saying “So you thought it was Spring! April Fools! It su…

The Good Shepherd Catholic Community Expanded Navigation


×

The Good Shepherd Catholic Community Site Map


×

Menu Sign In ?