COMMUNITY OF ST. MALACHI
FINANCE COUNCIL
PROPOSED BUDGET 2006-2007
The below budget reflects $193,285 of projected disbursements.
The majority of these expenses are deemed to be fixed obligations of the Community for the
privilege to be a parish in the Cleveland Diocese. We are obligated to pay a fair salary
for those employees who administer to our needs. We are obligated to share the costs to
operate the facilities we use for worshiping and meeting. We are obligated to pay 16.5% of our
regular contributions as Diocesan assessments. These expenses amount to $169,610 or
nearly 88% of the projected disbursements. The program budgets have been approved by the committee chairs.
While most of these budgeted disbursements are fixed, our membership appears to be declining. The
Finance Council has challenged the Community Council to increase our membership
by 10% in the coming year and in turn the Finance Council will take on the
challenge to increase the existing contributions by 10%. If these goals are met, then the
projected regular collection figure of $170,000 will be met.
The Community of St. Malachi Income Statement (as of April 30, 2006) is presented below the budget.
|
Community of St. Malachi
|
|
Proposed Budget 2006/2007
|
|
|
|
|
|
Proposed |
Over |
|
|
|
|
2005/2006 |
Budget |
(Under) |
|
|
|
|
Budget |
2006/2007 |
Prior Year |
|
OPERATING FUND |
|
Income (Receipts) |
|
|
|
|
|
Christian Formation |
3,000 |
3,800 |
800 |
|
|
Membership |
0 |
0 |
0 |
|
|
Coffee Hour |
1,800 |
2,500 |
700 |
|
|
Hospitality |
150 |
150 |
0 |
|
|
Interest |
2,000 |
2,000 |
0 |
|
|
Liturgy |
0 |
0 |
0 |
|
|
Social Action Income |
0 |
0 |
0 |
|
|
Regular Collections |
170,000 |
170,000 |
0 |
|
|
St. Malachi Center |
0 |
0 |
0 |
|
|
Special Gifts |
15,000 |
15,000 |
0 |
|
|
Bequest Income |
0 |
0 |
0 |
|
|
Spiritual Development |
0 |
0 |
0 |
|
|
|
165.00 |
|
|
|
|
|
|
|
|
|
Total Income |
191,950 |
193,450 |
1,500 |
|
|
|
|
|
|
|
Expenses (Disbursements) |
|
|
|
|
|
Bank Fees |
200 |
200 |
0 |
|
|
Christian Formation |
5,500 |
6,000 |
500 |
|
|
Coffee Hour |
2,500 |
3,175 |
675 |
|
|
Communications |
100 |
100 |
0 |
|
|
Community Council |
900 |
500 |
-400 |
|
|
Copier Costs |
800 |
0 |
-800 |
|
|
Diocese Assessment |
18,700 |
23,000 |
4,300 |
|
|
Hospitality |
500 |
200 |
-300 |
|
|
Liturgy |
2,250 |
1,000 |
-1,250 |
|
|
Membership |
450 |
400 |
-50 |
|
|
Office/Office Supplies |
1,000 |
600 |
-400 |
|
|
Fund Carpeting of Church |
0 |
0 |
0 |
|
|
Fair Share of Operating Costs |
48,637 |
49,610 |
973 |
|
|
Salaries & Benefits |
95,801 |
97,000 |
1,199 |
|
|
Social Action |
950 |
500 |
-450 |
|
|
Spiritual Development |
3,500 |
1,000 |
-2,500 |
|
|
St. Malachi Center |
10,000 |
10,000 |
0 |
|
|
Support of Related Ministries |
0 |
0 |
0 |
|
|
|
Total Expenses |
191,788 |
193,285 |
1,497 |
|
|
|
|
|
|
Operational Surplus (Deficit) |
162 |
165 |
3 |
xxx
|
Community of St. Malachi
|
|
|
Income Statement as of April 30, 2006
|
2006 |
|
|
|
|
Year-to |
|
Over |
|
|
Year-to-Date |
Over |
|
|
2005/2006 |
|
Date |
Year-to |
(Under) |
|
Budget |
Date |
(Under) |
|
|
Budget |
|
Budget |
Date |
Budget |
|
Balance |
2005 |
2005 |
|
OPERATING FUND |
|
|
|
|
|
|
|
|
|
|
Income (Receipts) |
|
|
|
|
|
|
|
|
|
|
Christian Formation
|
3,000 |
|
2,500.00 |
3,805.00 |
1,305.00 |
|
-805.00 |
510.00 |
3,295.00 |
|
Membership
|
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
Coffee Hour
|
1,800 |
|
1,500.00 |
2,203.50 |
703.50 |
|
-403.50 |
1,561.50 |
642.00 |
|
Hospitality
|
150 |
|
125.00 |
120.00 |
-5.00 |
|
30.00 |
150.00 |
-30.00 |
|
Interest
|
2,000 |
|
1,666.67 |
1,556.60 |
-110.07 |
|
443.40 |
1,009.44 |
547.16 |
|
Membership Committee
|
0 |
|
0.00 |
240.00 |
240.00 |
|
|
0.00 |
|
|
Social Action Income
|
0 |
|
0.00 |
300.00 |
300.00 |
|
-300.00 |
647.00 |
-347.00 |
|
Regular Collections
|
170,000 |
|
139,604.57 |
120,757.33 |
-18,847.24 |
|
49,242.67 |
112,675.20 |
8,082.13 |
|
St. Malachi Center
|
0 |
|
0.00 |
0..00 |
0.00 |
|
0.00 |
10.00 |
-10.00 |
|
Special Gifts
|
15,000 |
|
12,500.00 |
13,645.30 |
1,145.30 |
|
1,354.70 |
20,690.55 |
-7,045.25 |
|
Bequest Income
|
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
15,350.62 |
-15,350.62 |
|
Spiritual Development
|
0 |
|
0.00 |
510.00 |
510.00 |
|
-510.00 |
340.00 |
170.00 |
|
Support of Related Ministries
|
0 |
|
0.00 |
30.00 |
30.00 |
|
-30.00 |
165.00 |
-135.00 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Income |
191,950 |
|
157,896.24 |
143,167.73 |
-14,728.51 |
|
48,782.27 |
153,109.31 |
-10,181.58 |
|
|
|
Expenses (Disbursements) |
|
|
|
Bank Fees
|
200 |
|
166.67 |
130.00 |
-36.67 |
|
70.00 |
150.00 |
-20.00 |
|
Christian Formation
|
5,500 |
|
4,583.33 |
6,640.08 |
2,056.75 |
|
-1,140.08 |
3,725.35 |
2,914.73 |
|
Coffee Hour
|
2,500 |
|
2,083.33 |
2,580.50 |
497.17 |
|
-80.50 |
1,891.00 |
689.50 |
|
Communications
|
100 |
|
83.33 |
8.97 |
-74.36 |
|
91.03 |
0.00 |
8.97 |
|
Community Council
|
900 |
|
750.00 |
140.00 |
-610.00 |
|
760.00 |
591.12 |
-451.12 |
|
Copier Costs
|
800 |
|
666.67 |
0.00 |
-666.67 |
|
800.00 |
826.20 |
-826.20 |
|
Diocesan Assessment
|
18,700 |
|
15,583.33 |
12,446.00 |
-3,137.33 |
|
6,254.00 |
8,800.00 |
3,646.00 |
|
Hospitality
|
500 |
|
416.67 |
18.81 |
-397.86 |
|
481.19 |
0.00 |
18.81 |
|
Liturgy
|
2,250 |
|
1,875.00 |
651.06 |
-1,223.94 |
|
1,598.94 |
2,354.43 |
-1,703.37 |
|
Membership
|
450 |
|
375.00 |
100.40 |
-274.60 |
|
349.60 |
45.26 |
55.14 |
|
Office/Office Supplies/Renovation
|
1,000 |
|
833.33 |
425.55 |
-407.78 |
|
574.45 |
665.10 |
-239.55 |
|
Fund Carpeting of Church
|
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
|
48,637 |
|
40,530.83 |
43,273.80 |
2,742.97 |
|
5,363.20 |
32,921.26 |
10,352.54 |
|
|
95,801 |
|
79,833.97 |
77,025.57 |
-2,808.40 |
|
18,775.19 |
68,667.30 |
8,358.27 |
|
Social Action
|
950 |
|
791.67 |
81.47 |
-710.20 |
|
868.53 |
245.32 |
-163.85 |
|
Spiritual Development
|
3,500 |
|
2,916.67 |
0.00 |
-2,916.67 |
|
3,500.00 |
1,125.00 |
-1,125.00 |
|
St. Malachi Center
|
10,000 |
|
8,333.33 |
8,330.00 |
-3.33 |
|
1,670.00 |
8,330.00 |
0.00 |
|
Support of Related Ministries
|
0 |
|
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Expenses |
191,788 |
|
159,823.13 |
151,852.21 |
-7,970.92 |
|
39,935.55 |
130,337.34 |
21,514.87 |
|
|
|
Operational Surplus (Deficit) |
162 |
|
-1,926.90 |
-8,684.48 |
-6,757.58 |
|
8,846.72 |
22,771.97 |
-31,696.45 |
|
|
|
|
Beginning |
|
|
|
Ending |
|
|
|
Monthly Collection Comparison |
|
Separate Funds |
Balance |
|
|
Disburse- |
|
|
|
|
2006 Over (Under) 2005 |
|
|
06/30/2005 |
|
Receipts |
ments |
03/31/2006 |
|
|
|
|
|
Monday Night Meal |
53,566.64 |
|
32,995.00 |
29,070.05 |
57,491.59 |
|
|
July |
156.90 |
|
Monday Night Medical |
1,221.00 |
|
0.00 |
0.00 |
1,221.00 |
|
|
August |
1,343.00 |
|
Personal Needs Funds |
5,298.07 |
|
375.00 |
600.00 |
5,073.07 |
|
|
September |
8.50 |
|
Christian Formation NCYC |
894.99 |
|
500.00 |
1,150.00 |
244.99 |
|
|
October |
-1,731.83 |
|
Social Action Grant |
605.00 |
|
0.00 |
0.00 |
605.00 |
|
|
November |
-614.59 |
|
Men's Retreat Fund |
525.00 |
|
8,800.50 |
8,695.97 |
629.53 |
|
|
December |
3,896.00 |
|
Bequest for Church Carpeting |
15,350.62 |
|
0.00 |
12,983.00 |
2,367.62 |
|
|
January |
5,695.37 |
|
Procop Project |
75.00 |
|
0.00 |
0.00 |
75.00 |
|
|
February |
-547.00 |
|
Peace Pole |
576.00 |
|
0.00 |
0.00 |
576.00 |
|
|
March |
-4,919.22 |
|
Total Separate Funds |
78,112.32 |
|
42,670.50 |
52,499.02 |
68,283.80 |
|
|
April |
4,795.00 |
|
|
|
|
|
|
|
|
|
May |
|
|
Operational Fund |
39,579.30 |
|
143,167.73 |
151,852.21 |
30,894.82 |
|
|
June |
|
|
|
|
|
|
|
|
|
|
|
- |
|
Total All Funds |
117,691.62 |
|
185,838.23 |
204,351.23 |
99,178.62 |
|
|
Year to Date |
8,082.13 |
|
|
|
|
|
Fair Share of Operating Costs:
|
|
|
|
|
|
CSM |
|
July - 29% based on June 05
|
|
|
3,199 |
|
|
Percent |
|
August Through April - 40%
|
|
|
|
Charlene McElwee |
Music/Liturgical Minister |
50% |
|
of July Through March
|
|
|
|
Karen Duffy |
Director
of Religious Education |
90% |
|
Utilities
|
35,938 |
|
|
Fr. Tony Schuerger |
Pastor |
50% |
|
Repairs & Maintenance
|
24,394 |
|
|
Fr. Paul |
Pastor Emeritus |
50% |
|
Insurance
|
14,775 |
|
|
Carol Lavelle |
Secretary |
50% |
|
Liturgy
|
6,932 |
|
|
Ronnie Triscko |
Rectory Cook/Housekeeper |
10% |
|
Copier
|
6,740 |
|
|
Sr. Francis |
Pastoral/Back Door Minister |
10% |
|
Rectory Cleaning
|
3,825 |
|
|
Mary Jane Treichel |
Pastoral Minister |
5% |
|
Office Supplies
|
2,382 |
|
|
Steve Gresham |
Maintenance/Custodian |
10% |
|
Computer Expense
|
2,307 |
|
|
|
|
DSL
|
1,142 |
|
|
Total Cost through 4/30/06 |
77,026 |
|
Phone & Pager
|
1,079 |
|
|
|
|
Stipend
|
675 |
|
|
|
- |
|
|
Total Shared Costs
|
100,188 |
|
|
|
= |
|
|
CSM Share - 40%
|
|
|
40,075 |
|
|
|
|
- |
|
Total Fair Share Costs through 4/30/06
|
|
43,274 |
|
|
|
= |
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|
