St. Luke the Evangelist Catholic Church Annual Report

Transcription

1 St. Luke the Evangelist Catholic Church Annual Report For the Year Ended June 30 th, 2018

2 Parish Statistics Number of Families Children/Youth Enrolled in Faith Formation Joined the Parish by Profession of Faith Baptisms First Communions Confirmations Marriages Deaths

3 Checking & Savings Parish Account Balances Assets Parish Checking June 30, 2016 June 30, 2017 June 30, 2018 $ 516,589 $ 711,270 $ 624,817 Parish Savings:* General Savings $ 81,059 $ 132,072 $ 184,515 Building Fund $ 532 $ 536 $ 540 Reserve Fund $ 225,573 $ 251,773 $ 277,746 Columbarium $ 39,928 $ 40,228 $ 40,531 Special Gifts $ 605 $ 610 $ 614 Restoration Funds $ 2,644,867 $ 579,970 $ 235,811 *On the Diocese of Raleigh The Parish operates with one checking account, periodically depositing excess funds with the diocese per diocesan guidelines. Restricted funds are deposited to the appropriate savings accounts; funds not restricted in use are deposited to General Savings. Monthly deposits were made to our General Savings Fund and our Capital Reserve Fund in FY18, to maintain savings while building up cash reserves for necessary capital improvements to the parish building & grounds. The Restoration Funds savings account, established October 2014, includes insurance settlement proceeds, campaign pledge payments and interest earned. During Fiscal Year , withdrawals from the Restoration Funds account were made for construction and furnishings payments for our new church. Loans June 30, 2016 June 30, 2017 June 30, 2018 Liabilities Loan with Diocese $ 559,515 A New Church Construction loan was obtained per the project finance plan (6/2018 $560K, 5.5%). On June 25 th 2018, the diocese announced a reduction in the interest rate from 5.5 % to 4%, effective July 1, The rate reduction will result in a significant savings of interest for the parish.

4 Charitable Contributions FY18 Recipient Contribution Cardinal Gibbons HS $5,225 St. Raphael Elementary $3,000 Catholic Social Ministry HFC $3,900 Assistance to Individuals $1,558 Parish Outreach $662 Priests Welfare & Retirement $17,684 Support Circle $400 Run for Life $300 Our Lady of the Rosary Parish $3,000 St. Thomas More Academy $5,600 Habitat for Humanity $3,500 College Care $1,500 Seminarian Care/Support $2,601 Haiti Mission, Inc. $1,000 Divine Mercy Radio $1,000 Catholic Parish Outreach $6,000 Benefit for Life 2018 $5,000 Office of Lay Ministry $500 Meals on Wheels $100 In His Name $150 Catholic Relief Services Christians in the Middle East Catholic Relief Services Overseas Relief $300 $512 Target Gift Cards for Charity $500 Sacred Heart Parish $2,500 Catholic Social Ministries Durham Food Pantry $5,000 Diocese of Raleigh - Catholic Center $1,000 Knights of Columbus $3,100 St. Catherine of Siena - Adoration Chapel $500 Center for Bio-Ethical Reform $1,000 St. Joseph New Parish Center $3,000 Unbound - Christian Foundation for Children and Aging $1,000 Oak City Outreach $500 Morea Surgical Center $250 Trinity Dome Project $200 Peter's Pence $400 Total $82,442

5 National Collections FY18 Collection Contributions Church in Latin America $2,749 Black and Indian Missions $2,334 Church in Central & Eastern Europe $1,838 Operation Rice Bowl $1,712 Catholic Relief Services $3,046 Holy Land Shrines $982 Catholic Home Missions Appeal $2,704 Catholic Communications $2,981 Peter s Pence $1,925 Catholic University of America $4,019 World Mission Sunday Catholic Campaign for Human Development Retirement Fund for Religious Mission Co-operatives Special Collection - Disaster Relief Hurricanes Special Collection Trinity Dome Special Collection Archdiocese for the Military $2,167 $2,862 $4,379 $3,245 $14,385 $125 $25 Total $51,478

6 St. Luke the Evangelist Catholic Church FY18 Overview July 2017 June 2018 July June 2018 Operating Income Actual Budget Offertory $824,419 $763,434 Donations $14,669 $7,500 Interest $5,275 $2,400 Fees (Faith Formation) $29,502 $35,996 Non-Ordinary (Rent,Ins,Rebates, PW&R, BAA) $51,977 $38,000 Total Operating Income $925,842 $847,330 Operating Expense Faith Formation $25,906 $38,381 Liturgy & Prayer $12,621 $17,935 Service $48,083 $49,893 Personnel $288,392 $328,392 Office $29,709 $32,650 Rectory $13,255 $21,017 Building & Grounds $136,996 $135,135 Diocesan Assessments $120,169 $123,377 Ministries (Cmte & Comm) $14,224 $17,250 Savings $75,300 $75,300 Non-Ordinary $33 $8,000 Total Operating Expense $764,688 $847,330 Net Operating $161,154 $0

7 July June 2018 Non - Operating Income Actual National Collections (Exchange) $51,478 Capital $773,898 BAA (Initial Payments) $1,256 Internal Exchange (Parish Groups) $11,731 Trans from DOR (Funds In) $1,406,427 Total Non - Operating Income $2,244,790 Non - Operating Expense (Exchange) National Collections (Exchange) $51,478 Capital Principal Replacement $1,477,712* $501,000 BAA $1,256 Internal Exchange (Parish Groups) $7,714 Sales Tax Expense $81,058 Extraordinary Item Fire Loss 1/11/14 $19,853 Total Non - Operating Expense $2,140,071 Net Non -Operating $104,719 Net Income $265,873 *See capital expenditure detail following page.

8 CAPITAL EXPENDITURES: Buildings Total New Church: Construction (Base contract) $1,147,764 Interest $33,789 A/V $77,556 Cornerstone $768 Painting & scaffolding - Star wall and railings $11,376 Signage per code $2,734 Stained Glass Windows $45,790 Termite perimeter trench & terat $1,454 Irrigation system $3,400 Painting of exterior railing, parish building $1,875 Columbarium Inscriptions $1,173 Postage $151 Refund of niche purchase $2,400 Furniture & Equipment New Church: Art & Statuary (Dove, Angels, Holy Family, St. Luke) $26,788 Gathering Space (Chairs, tables, lamps, plaques) $5,049 Liturgical Furn. (altar, ambo, font, cred, ambry, lectern) $27,372 Pews & seating $45,427 Piano install $875 ALS hearing assistance receivers $3,138 Architect Fees New Church Project - O'Brien & Keane $36,758 Professional Fees New Church Project - ECS Carolinas $2,076 Total $ 1,477,712

9 St. Luke the Evangelist Catholic Church Annual Budget FY19 Budget July June 2019 Operating Income Offertory $819,000 Donations $7,500 Interest $2,400 Fees (Faith Formation) $31,855 Non-Ordinary (Rents, Rebates, PW&R, BAA) $41,900 Total Operating Income $902,655 Operating Expense Faith Formation $33,910 Liturgy & Prayer $22,455 Service $46,875 Personnel $325,382 Office $35,310 Rectory $23,967 Building & Grounds $231,780 Diocesan Assessments $131,026 Ministries (Cmte & Comm) $19,950 Savings $24,000 Non-Ordinary (Special Projects) $8,000 Total Operating Expense $902,655 Net Operating $0