Finance

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Some Notes on Community Finance

The Community of St. Malachi is very grateful for all contributions of time, talent and treasure received.

Finance Statements

2007-08 budget

2006-07 budget

March 2000

1999

The Community of St. Malachi and St. Malachi Parish are two separate parishes operating at St. Malachi’s.
To avoid confusion, please make sure all checks to the Community are made payable to Community of Saint Malachi. If you wish to support a specific project of the Community, please indicate the project name in the memo portion of your checks. Current special projects are Monday Night Meal, Monday Night Healthcare Clinic, Refugee Fund and Malachi Center. A fund has also been established for the 25th Anniversary Committee.

Sometimes donors make Special Gifts to the Community over and above their anticipated contribution levels. These gifts are often to mark a special occasion. It is helpful if these are marked Special Gift in the memo portion.

As our fair share of the expenses of the shared facilities, we pay 29 per cent of our collection to the Parish of St. Malachi. We also share expenses for salaries. As a Parish of the Diocese of Cleveland, we pay a monthly assessment to the Diocese.

Council reviews financial statements monthly. Quarterly reports are printed in the Newsletter. Collection updates are also reported in the Newsletter.

A budget for the coming fiscal year is prepared annually, published in the Newsletter, and approved by Council in June. The Finance Committee needs the GREEN CARD responses returned by members with commitment forms to estimate income for the coming year.

The Community maintains no records of individual contributions. Donors are advised to contribute by check if they would like to maintain a record of contributions. (An exception: In accordance with IRS regulations, the Community acknowledges single contributions of $250 or more.)

If you would like to assist the Finance Committee, please contact the Treasurer (or call the Community office). Help is needed to:

--Assist Community Council members count weekly collection

--Assist bookkeeper

--Assist Finance Committee with budgeting, planning

Community of St. Malachi
Income Statement
March 31, 2000

	1999/2000	Current	Year to	% of	Budget
	Budget	Month	Date	Budget	Balance
Operating Fund:
Collections
	Regular	139,200.00	12,021.47	119,671.58	0.86	19,528.42
	Special Gifts	5,000.00	175.00	700.00	0.14	4,300.00
		200.00		85.00	0.43	115.00
		2,300.00	139.00	1,253.50	0.55	1,046.50
			50.00	50.00		50.00
		1,200.00		1,885.00	1.57	68,500.00
			235.88	1,056.60
				40.00
		400.00		45.00	0.11	355.00
				520.00		520.00
		4,000.00	6,188.00	10,737.00	2.68	8,737.00
*see note		152,300.00	18,809.35	136,043.68	0.89	16,256.32

Disbursements
		66,750.00	5,408.33	47,507.29	0.71	19,242.71
		40,368.00	3,803.00	31,248.00	0.77	9,120.00
		17,000.00	1,501.00	12,837.00	0.76	4,163.00
		10,000.00	1,000.00	9,000.00	0.90	1,000.00
		2,500.00	216.00	1,970.00	0.79	530.00
		4,000.00	75.00		0.00	4,000.00
		5,800.00	1,275.67	4,571.09	0.79	1,228.91
		750.00	56.83	507.38	0.68	242.62
		700.00	62.53	400.66	0.57	299.34
		200.00		34.82	0.17	165.18
		4,800.00	240.16	3,264.98	0.68	1,535.02
		100.00		80.48	0.81	19.52
		500.00	3.79	478.00	0.96	22.00
		2,500.00	718.43	1,606.74	0.64	893.26
				495.00		495.00
		500.00	42.88	484.97	0.97	15.03
		2,800.00	286.10	1,936.78	0.69	863.22

			12.00	96.00
		8,205.00	410.04	2,923.71	0.36	5,281.29
		167,473.00	14,954.18	119,442.90	0.71	48,126.10
Operational Surplus (Deficit)	3,855.17	16,600.78


Year-to-Date
Separate Funds	Beginning	Disbursements	Ending
	Balance	Receipts	Balance
Monday Night Meals	9,328.12	4,253.00	2,563.45	11,017.67
Monday Night Medical	735.45	750.00	405.41	1,080.04
Personal Needs Funds		157.55		157.55
Refugee Fund	2,366.91	100.00	2,257.97	208.94
Social Action Grant	920.00		250.00	670.00
Total Separate Funds	13,350.48	5,260.55	5,476.83	13,134.20
Operational Fund	26,700.37	136,043.68	119,442.90	43,301.15
Total All Funds	40,050.85	141,304.23	56,435.35


Savings Account
	Beginning	Year-to-Date	Ending
	Balance	Interest	Balance
St. Coleman & Affiliates F.C.U.	10,364.33	205.64	10,569.97

* Includes Anniversary dinner reservation receipts

Community of St. Malachi

Income Statement

December 31, 1999

		1999/2000 Budget	Current Month	Year-to Date	% of Budget	Budget Balance
Operating Fund: Collections
	Regular	139,200.00	18,542.28	79,570.63	57.2%	59,629.37
	Special Gifts	5,000.00	-	300.00	6.0%	4,700.00
	Malachi Center	200.00	-	71.00	35.5%	129.00
	Coffee Hour	2,300.00	194.00	733.00	31.9%	1,567.00
	Support of Related Min.	-	-	-
	Christian Formation	1,200.00	15.00	920.00	76.7%	280.00
	Interest	-	121.23	498.96	N/A	N/A
	Other	-	122.55	162.55	N/A	N/A
	Spiritual Development	400.00	-	45.00	11.3%	355.00
	Mary’s Pence	-	-	520.00		(520.00)
	25th Anniversary	4,000.00	395.00	4,055.00	101.4%	(55.00)
		152,300.00	19,390.06	86,876.14	57.0%	65,423.86

Disbursements
	Salaries & Benefits	66,750.00	5,408.33	31,282.30	46.9%	35,467.70
	Parish Support	40,368.00	3,635.00	17,699.00	43.8%	22,669.00
	Diocesan Support	17,000.00	1,389.00	8,334.00	49.0%	8,666.00
	Malachi Center	10,000.00	1.000.00	6,000.00	60.0%	4,000.00
	Coffee Hour	2,500.00	208.00	1,310.00	52.4%	1,190.00
	Support of Related Mi	4,000.00	-	75.00	1.9%	3,925.00
	Christian Formation	5,800.00	-	1,880.16	32.4%	3,919.84
	Communications	750.00	119.00	450.55	60.1%	299.45
	Community Council	700.00	-	323.13	46.2%	376.87
	Hospitality	200.00	-	34.82	17.4%	165.18
	Liturgy	4,800.00	144.85	1,968.04	41.0%	2,831.96
	Membership	100.00	-	47.98	48.0%	52.02
	Social Action	500.00	250.00	731.79	146.4%	(231.79)
	Spiritual Development	2,500.00	98.95	888.31	35.5%	1,611.69
	Mary’s Pence	-	-	495.00		(495.00)
	Office Supplies	500.00	31.02	382.08	76.4%	117.92
	Copier Costs	2,800.00	477.09	1,416.64	50.6%	1,383.36
	Other		-
	Bank Charges		12.00	60.00
	25th Anniversary	8,205.00	-	1,092.65	13.3%	7,112.35
			12,773.24	74,471.45	44.5%	93,061.55
Operational Surplus (Deficit)			6,616.82	12,404.69

	Year-to-Date
Separate Funds	Beginning Balance	Receipts	Disburs- ments	Ending Balance

Monday Night Meals	9,328.12	2,499.00	1847.42	9979.70
Monday Night Medical	735.45	-	405.41	330.04
Refugee Fund	2366.91		2257.97	208.94
Social Action Grant	920.00	100.00	-	920.00
Total Separate Funds	13,350.48	2599.00	4510.80	11,438.68
Operational Fund	26,700.37	86,876.14	74,471.45	39,105.06
Total All Funds	40,700.37	89,475.14<	78,982.25	50,543.74

Savings Account		Beginning Balance		Year-to-Date Interest	Ending Balance
St. Colman &Affiliates F.C.U.		10,364.33		136.82	10,501.15

Note: $250 expense of Social Action will be debited from Social Action Grant.

Some Notes on Community Finance

If you would like to assist the Finance Committee, please contact the Treasurer (or call the Community office). Help is needed to:

Community of St. Malachi Income StatementMarch 31, 2000

Community of St. Malachi

Community of St. Malachi
Income Statement
March 31, 2000