Page 1 Appendix C. Accounting Revised October 2017

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1 Appendix C. Accounting Chart of Accounts Account Account Name Type Description CASH Bank Cash in Bank-General Operating Bank Header account - All savings accounts, checking accounts and petty cash Primary operating checking account, all routine payments and deposits Cash in Bank-School Bank School checking account Cash in Bank-Cemetery Bank Cemetery checking account Cash in Bank - Payroll Bank Checking account for payroll Petty Cash Bank A minimal amount of currency and coin set aside to pay small bills which are not convenient to pay by check. The balance is operated on an imprest basis which means that the amount recorded will not change. Monthly entries will be to various expense accounts and operational cash which will replenish the funds given out of petty cash Savings Accounts Bank Parish savings account All Organization, Society and Auxiliary Checking Accounts UNRESTRICTED INVESTMENTS-GENERAL FUND Bank Bank Unrestricted Investments-ST Bank Valuation Adjust. Unrestricted- ST Bank Unrestricted Investments-LT Bank Valuation Adjust. Unrestricted- LT Bank Auxiliary Checking Accounts (Mass Stipend account, SCRIP account, CCW checking account, etc.) Header account - Investments that can be used for operational purposes Unrestricted Investments-Short Term (CD's, Money Markets) Valuation Adjustment-Short Term Unrestricted Investments. Record any changes in the value of the investment resulting from the unrealized gain/loss. Unrestricted Investments-Long Term (Mutual Funds, Stocks) Valuation Adjustment-Long Term Unrestricted Investments. Record any changes in the value of the investment resulting from the unrealized gain/loss RESTRICTED INVESTMENTS Bank Restricted Investments-ST Bank Valuation Adjustment - ST Bank Restricted Investments-LT Bank Valuation Adjustment-LT Bank GENERAL RECEIVABLES Accounts Receivable Accounts Receivable Accounts Receivable Header account - Investments used for a specified purpose; only the donor can specify/change the restriction. Restricted Investments-Short Term (CD's, Money Market) Valuation Adjustment-Short Term Restricted Investments. Record any changes in the value of the investment resulting from the unrealized gain/loss. Restricted Investments-Long Term (Mutual Funds, Stocks) Valuation Adjustment-Long Term Restricted Investments. Record any changes in the value of the investment resulting from the unrealized gain/loss. Header account - Money that is owed to you - seldom used Money owed to you; not yet received Page 1 Appendix C. Accounting Revised October 2017

2 15200 Pledges Receivable Accounts Receivable Money pledged; not yet received Notes Receivable Accounts Receivable Money owed to you per note; not yet received; usually have a stated interest rate, due date and repayment schedule Provision for Doubtful Accounts Accounts Receivable Estimated uncollectible money; will have a credit balance INVENTORY / SUPPLIES (Optional) Asset Header account - Goods owned and held for sale. If Scrip is sold, set up and use a scrip inventory account under either inventory parish or inventory school depending on where the proceeds are used. This account should be reconciled monthly Inventory Parish Asset Inventory School Asset Inventory Cemetery Asset PREPAID EXPENSES Prepaid Insurance Prepaid Ret Ins & Health Ins Utility & Deposits Asset Asset Asset Asset Header account - Money that is paid for a future period - seldom used Prepaid Insurance Prepaid Retirement Insurance & Health Insurance Prepaid Utility and FIXED ASSETS Fixed Asset Header account - All types of property, building, equipment and furniture in excess of $5,000 - less than $5,000 should be expensed Land Fixed Asset Header account - Land Value ( ) Parish Fixed Asset Parish Land School Fixed Asset School Land Cemetery Fixed Asset Cemetery Land Land Improvements Fixed Asset Header account - Land Improvements Value ( ) Parish Fixed Asset Parish Land Improvements in excess of $5, School Fixed Asset School Land Improvements in excess of $5, Cemetery Fixed Asset Cemetery Land Improvements in excess of $5, Building Fixed Asset Parish Fixed Asset Parish Buildings School Fixed Asset School Buildings Cemetery Fixed Asset Cemetery Buildings Building Improvements Fixed Asset Header account - Buildings in excess of $5,000 ( ) Header account - Building Improvements in excess of $5,000 ( ) Parish Fixed Asset Parish Building Improvements School Fixed Asset School Building Improvements Page 2 Appendix C. Accounting Revised October 2017

3 18430 Cemetery Fixed Asset Cemetery Building Improvements Office Furniture & Equipment Fixed Asset Header account - Office Furniture & Equipment in excess of $5,000 ( ) Parish Fixed Asset Parish Office Furniture & Equipment School Fixed Asset School Office Furniture & Equipment Cemetery Fixed Asset Cemetery Office Furniture & Equipment Equipment Fixed Asset Parish Fixed Asset Parish Equipment School Fixed Asset School Equipment Cemetery Fixed Asset Cemetery Equipment Vehicles Fixed Asset Parish Fixed Asset Parish Vehicles School Fixed Asset School Vehicles Cemetery Fixed Asset Cemetery Vehicles Header account - Equipment in excess of $5,000 ( ) Header account - Vehicles in excess of $5,000 ( ) ACCUMULATED DEPRECIATION Accum Depr-Land Improvement Fixed Asset Fixed Asset Header account - Total depreciation expensed to date. The accumulated depreciation balance is shown as an offset to the related fixed asset balance. This account will have a credit balance. Header account - A/D Land Improvements ( ) Parish Fixed Asset A/D Parish Land Improvements School Fixed Asset A/D School Land Improvements Cemetery Fixed Asset A/D Cemetery Land Improvements Accum Depr-Building Fixed Asset Header account - A/D Building ( ) Parish Fixed Asset A/D Parish Buildings School Fixed Asset A/D School Buildings Cemetery Fixed Asset A/D Cemetery Buildings Accum Depr-Bldg Improvements Fixed Asset Header account - A/D Bldg Improvements ( ) Parish Fixed Asset A/D Parish Building Improvements School Fixed Asset A/D School Building Improvements Cemetery Fixed Asset A/D Cemetery Building Improvements Accum Depr-Off Furn & Fixtures Fixed Asset Header account - A/D Office Furniture ( ) Parish Fixed Asset A/D Parish Office Furniture and Fixtures School Fixed Asset A/D School Office Furniture and Fixtures Cemetery Fixed Asset A/D Cemetery Office Furniture and Fixtures Accum Depr-Equipment Fixed Asset Header account - A/D Equipment ( ) Parish Fixed Asset A/D Parish Equipment School Fixed Asset A/D School Equipment Cemetery Fixed Asset A/D Cemetery Equipment Accum Depr-Vehicles Fixed Asset Header account - A/D Vehicles ( ) Parish Fixed Asset A/D Parish Vehicles School Fixed Asset A/D School Vehicles Cemetery Fixed Asset A/D Cemetery Vehicles Page 3 Appendix C. Accounting Revised October 2017

4 21000 ACCOUNTS PAYABLE Account Payable Assessment Payable PAYROLL LIABILITIES /944 Fed Taxes Payable State Taxes Payable Health Insurance Payable Dental Insurance Payable Pension Payable Payroll Withholdings ACCRUED EXPENSES Accrued Interest Payable Accrued Wages Payable Accounts Payable Accounts Payable Accounts Payable Header account - arising from the purchase of goods or services on credit in the ordinary course of business with regular vendors. Amounts owed for goods or services which have been received. Assessment payable to the Diocese Header account - Debts owed related to the amounts withheld from employees wages and for amounts owed by the parish/school for the employer portion of payroll taxes and other employee benefits. Amounts withheld from employees wages for their federal income taxes and FICA (Medicare and Social Security) that are due to the federal government. If desired, Payroll Withholdings account may be used to record Social Security and Medicare. Amounts withheld from employees wages for their Wisconsin income taxes. Amounts withheld from employees wages (employees portion) or expensed (employee benefit portion to be paid by employer) for health or vision insurance premiums. Amounts withheld from employees wages (employees portion) or expensed (employee benefit portion to be paid by employer) for dental insurance premiums. Amounts withheld from employees wages as contributions to their retirement savings plan and any employer contributions. Amounts withheld from employees wages not listed above Header account - s that have been accrued but not yet paid Interest accrued, but not yet paid Wages accrued, but not yet paid CEMETERY CURRENT LIABILITIES Header account - Cemetery Liabilities ( ) are amounts that are temporarily held but have yet to be remitted Unpurchased Markers & Vaults Deferred Revenue- Crypts/Niches Trusting Header account - Trusting ( ) Cemetery Unpaid Trust Page 4 Appendix C. Accounting Revised October 2017

5 23514 Mausoleum Unpaid Trust Vault Reserve Unpaid Trust Niche Unpaid Trust Cemetery Paid Trust Mausoleum Paid Trust Vault Reserve Paid Trust Niche Paid Trust Cemetery Note Payable COLLECTIONS HELD FOR OTHERS Header account - Money collected by the parish for specific charities. Since these funds do not benefit the parish in any way, they should not be recorded as revenue. When received, the funds should be debited to "cash" and credited to the "collections held for others" account. Within a month, the funds should be paid to the appropriate recipient with a debit to the "collections held for others" account and a credit to "cash" Diocesan Independent Collect. Header account - Collections sponsored by the Diocese to benefit specific charities. ( ) Holy Land Shrines Respect Life Bless Our Priests Diocesan National Collection Header account - Collections sponsored by the Diocese to benefit specific national charities ( ) National Combined Collection Black & Indian Missions Human Development Page 5 Appendix C. Accounting Revised October 2017

6 24104 Communications Campaign Catholic Home Missions Retirement for the Religious Catholic Univ. of America Diocesan International Collection Header account - Collections sponsored by the Diocese to benefit specific international charities. ( ) International Combined Collect Catholic Relief Services Central & Eastern Europe Latin America Peter's Pence World Mission Support Due To Propagation Faith Parish Collections for Charity DEFERRED REVENUE Deferred Revenue-Parish Deferred Revenue-School Deferred Revenue Cemetery LONG-TERM LIABILITIES Notes Payable-Banks Long Term Long Term Header account - Collections sponsored by the Parish to benefit specific charities. Please set up a subaccount for each specific charity (e.g , 24702, or , , ). Header account - Money received in advance for goods or services provided at a later date. Header account - Debt which is structured to be paid over a period of time greater than one year. Usually has a written agreement as to a repayment schedule, stated interest rate, and a due date. ( ) Loan from a bank Page 6 Appendix C. Accounting Revised October 2017

7 26200 Mortgage Notes Payable Notes Payable - Parishes Long Term Long Term Mortgage from a financial institution Loan from another parish EQUITY Equity Header account - The equity is the net worth of your parish. It represents the difference between what you owe (liabilities) and what you have (assets). If you sold all your assets today at their book values, and if you paid off you liabilities with the money you receive from the sale of your assets, the money you would have left would be equity. Your equity represents the health of you parish. You will have three equity (fund) accounts: unrestricted, temporarily restricted and permanently restricted. These need to be reconciled at least once a year Opening Balance Equity Equity Opening equity is a temporary posting account created by QuickBooks when you enter an opening balance for an account. No entries should be made to this account Unrestricted Equity Balances Equity Fund balance not restricted by donors or law Restricted Equity Balance Equity PARISH OFFERTORY INCOME Unrestricted Offertory Collection These are your restricted funds -either permanent or temporary. You may want to set up an account for each if you have permanently restricted funds (e.g. endowments). Header account - Money received from parishioner contributions Cash receipts and loose checks received from envelope collections Restrict Bldg Upkeep Collection Money received restricted to Building Upkeep UNRESTRICTED INVESTMENT INC Header account - Revenue from Investments that is unrestricted and for operational use Unrestricted Dividend Dividend revenue from unrestricted investments Unrestricted Interest Interest revenue from unrestricted investments Unrestricted Unrealized Gain/Loss Unrestricted Realized Gain/Loss RESTRICTED INVESTMENT INCOME Unrealized gains or losses from unrestricted investments. This is recognized when the parish still owns the investment. Realized gains or losses from unrestricted investments. This is recognized when the investment is sold. Header account - Revenue from Investments that is restricted by donor and used for a specified purpose Restricted Dividend Dividend revenue from restricted investments Restricted Interest Interest revenue from restricted investments Restricted Unrealized Gain/Loss Restricted Realized Gain/Loss ENDOWMENT INV INCOME - REST Rest Endowment Dividend Unrealized gains or losses from restricted investments. This is recognized when the parish still owns the investment. Realized gains or losses from restricted investments. This is recognized when the investment is sold. Header account - Endowment Investment Restricted by donor Restricted Endowment Dividend Page 7 Appendix C. Accounting Revised October 2017

8 44200 Rest Endowment Interest Restricted Endowment Interest Rest Endowment Unreal Gain/Loss Restricted Endowment Unrealized Gain/Loss Rest Endowment Real Gain/Loss Restricted Endowment Realized Gain/Loss GENERAL FUNDRAISING INCOME Header account - Money received from fundraising events. These accounts should be recorded as net income - both the revenue and expenses should be recorded here. ( ) Bingo Bingo - Report NET Profit Festival Festival - Report NET Profit Activity Fees Activity Fees - Report NET Profit Raffles Raffles-Report NET Profit SCRIP from the sale of SCRIP Fund Raisers Fund Raisers - Report NET Profit RELIGIOUS EDUCATION INCOME RE Tuition/Registration RE Transportation Fees RE Donations RE Fundraising YOUTH MINISTRY INCOME - YM YM Donations YM Fundraising YM Trips ADULT EDUCATION PROGRAM INCOME AE Tuition/Registration AE Transportation Fees AE Donations AE Fundraising UNREST CONTRIBUTION & DONATION Unrest General Contributions Header account - Cash receipts associated with the catechetical services to Religious Education ( ) Record as net (both income and expense to this account) Header account - Cash receipts associated with the catechetical services to the Youth Ministry ( ) Record as net (both income and expense to this account) Header account - Cash receipts associated with the Adult Education Program ( ) Record as net (both income and expense to this account) Header account - Contributions & Donations which are unrestricted for use. Any unrestricted contributions which do not fit in another account Unrestricted Bequests Money bequeathed and unrestricted for use REST CONTRIBUTIONS & DONATIONS Restrict Bequest Fund Contributions Restrict Endowment Fund Contributions Header account - Contributions & Donations restricted for use. Money bequeathed for a restricted use. Money contributed for the endowment Stipend Fee Money paid to the parish for Mass Intentions Page 8 Appendix C. Accounting Revised October 2017

9 48130 Restricted Contributions All other restricted contributions - must keep track of these funds (probably on a spreadsheet) and be sure that they remain in temporarily restricted equity until spent for their intended purpose AUXILIARY ORGANIZATIONS- INCOME OTHER INCOME Header account - List each organization separately (e.g , 48402, or , , ) Header account - All forms of income other than donations and contributions Catholic Herald Cash receipts from the Catholic Herald Grants Cash receipts from grants Rental Property Cash receipts from rental property Miscellaneous cash receipts not categorized above; use this account sparingly and add memo for clarification SCHOOL INCOME Header account - School Revenue School Tuition Money received for school tuition School Fees Money received for school fees School Fundraising Money received from school fundraising (record as net) School Parish Support/Subsidy Money received from parish to support the school Athletic Program Header account - Money received from school athletic programs ( ) Admissions -Athletic Money received from admissions Donations/Booster Inc-Athletic Money received from booster/athletic groups Concessions -Athletic Money received from concessions Athletic Money not allocable to the above accounts; use memo School Lunch Money received for School Lunch Student Activities Money received for Student Activities; use memo Preschool Program Money received for Preschool program Day Care Program Money received for Daycare Extended Day Service Money received for Extended Day Service Tutoring Program Money received for Tutoring Foundation/Grant Subsidy Money received to fund some aspect of school programs Header account - Money received from outside sources to fund school operations ( ) Subsidy-Government Bus Subsidy received for the cost of busing Subsidy-Government Cafeteria Subsidy received for the cost of lunch Subsidy-Textbooks Subsidy received for the cost of textbooks Subsidy- Subsidy uncategorized; needs a memo Sale of Supplies Money received from the sale of supplies Vending Money received from Vending Tuition Assistance Money received for Tuition Assistance Restricted School Donations Donations to the school which are restricted in use by the donor Page 9 Appendix C. Accounting Revised October 2017

10 49670 Unrestricted School Donations CEMETERY INCOME Cemetery Sales Cemetery Perpetual Care PARISH EXPENSES Donations to the school which are not restricted in use Header account - Money received from the operation of the cemetery ( ) Header Account - All expenses applicable to parish, school and/or cemetery operations (be sure to use classifications properly) Salaries & Wages Header account - All salaries and wages Salaries/Wages Administration Clergy Salaries Office Staff Salaries/Wages Salaries/Wages Liturgical Salaries/Wages Operations/Maintenance Salaries/Wages Rectory Salaries/Wages Religious Education Salaries/Wages Youth Ministry Header account - Salaries and wages for priests and office staff ( ) Salaries/Wages Adult Education Salaries/Wages School Instructional Salaries-School Support Salaries-School Operation/Maintenance Salaries-School Hot Lunch Program Salaries Preschool Salaries Day Care Salaries Header account - Salaries and wages for school personnel ( ) Extended Day Service Salaries Tutoring Salaries Salaries/Wages Cemetery Benefits & Insurance Benefits-Clergy Header account - All Benefits and Insurance Header account - Benefits and insurance paid by the parish for clergy ( ) Health Insurance Parish expense for priest's health insurance Retirement Plan - Clergy Parish expense for priest's retirement plan SS Supplement - Clergy Social Security supplement (add to W-2) Housing Allowance - Clergy Housing allowance (add to W-2) Stipend Fees - Clergy Mass Stipends paid to priests (add to W-2) Auto Allowance - Clergy Auto allowance (add to W-2) Continuing Education - Clergy Continuing education (add to W-2) Meal Allowance - Clergy Meal allowance (add to W-2) Page 10 Appendix C. Accounting Revised October 2017

11 50920 Benefits-Lay Health Insurance Dental Insurance Life Insurance Worker's Comp/Disability Insurance Retirement Benefit FICA/Medicare Tax Unemployment Insurance (CUPP Program) Header account - Benefits paid by the parish for lay employees ( ) Catholic parishes are exempt from unemployment tax; however, a parish may opt to participate in CUPP (Church Unemployment Pay Program) Liturgical Header account - s related to the Liturgy Worship Altar Breads Altar Wine Altar Candles Altar Linens Flowers Vestments Congregation & Worship Books Novena Header account - s related to the worship of the Liturgy ( ) Congregation & Worship Books-Missalettes, Mass Books, Novena Books, Baptism Books Missals & Lectionaries Worship (Use memo field for further clarification) Ministerial Liturgical Furnishings Visiting Clergy - Honoraria Liturgical (Use memo field for further clarification) Header account - s related to Administration administration Telecommunications Office Materials & Supplies Postage Office Furnishings & Equipment Communications/Public Relations Bulletins Publications Communication/Public Relations Dues & Subscriptions Catholic Herald Newspaper Contracted Services Legal Fees Accounting Fees Header account - expenses relating to communications ( ) (Use memo field for further clarification) Header account - expenses for contracted services - send 1099 at calendar year end ( ) Page 11 Appendix C. Accounting Revised October 2017

12 Payroll Service Bookkeeping Service Professional Services (Use memo field for further clarification) Administrative s Rental Property RE Tax Interest Bank Fees Background Checks Header account - less frequently incurred administrative expenses ( ) Misc. Admin (Use memo field for further clarification) Operation & Maintenance Maint Materials & Supplies Maintenance Equipment Property & Insurance Utilities Electric Gas Oil Water Sewage Header account - s related to Operations and Maintenance Header account - utilities expenses - use classifications properly ( ) Utilities (Use memo field for further clarification) Upkeep of Property Repair/Maint Buildings Repair/Maint Furniture/Equip Repair/Maint Grounds Contracted Services Independent Contract-Janitorial Services Pest Control Rubbish Collection Heating & Cooling Snow Removal Lawn Care Service Header account - expenses for repairs and maintenance ( ) Header account - contracted services related to operations/maintenance ( ) Contracted Service (Use memo field for further clarification) Rectory Header account - expenses related to the rectory Household Furnishings & Equipment Utilities - Rectory Electric - Rectory Gas - Rectory Oil - Rectory Water - Rectory Header account - utility expenses for the rectory ( ) Page 12 Appendix C. Accounting Revised October 2017

13 54350 Sewage - Rectory Utilities - Rectory (Use memo field for further clarification) Upkeep of Rectory Repair/Main Rectory Building Repair/Main Rectory Furn/Equip Header account - expenses for repairs and maintenance of the rectory ( ) Repair/Main Rectory Grounds Misc. Rectory (Use memo field for further clarification) Religious Ed Program Telecommunications - RE Header account - s related to the Religious Ed Program Office Materials & Supplies RE Postage RE Furnishings & Equipment - RE Utilities - RE Upkeep of Religious Education Property Teacher Training & Conferences Refreshments - RE Transportation - RE Teaching Materials & Supplies - RE Miscellaneous RE Youth Ministry - YM Telecommunications - YM (Use memo field for further clarification) Header account - s related to the Youth Ministry Program Office Materials & Supplies YM Postage - YM Refreshments - YM Transportation - YM Miscellaneous YM Adult Education - AE Telecommunications - AE (Use memo field for further clarification) Header account - s related to the Adult Education Program Office Materials & Supplies AE Postage - AE Refreshments - AE Transportation - AE Teaching Materials & Supplies - AE Miscellaneous AE Social Services (Use memo field for further clarification) Header account - s related to Social Services Page 13 Appendix C. Accounting Revised October 2017

14 56705 Outreach Ministry Telecommunications - SS Office Materials & Supplies SS Postage - SS Refreshment - SS Transportation - SS Miscellaneous SS Auxiliary Organization (Use memo field for further clarification) Header account - s incurred by the auxiliary organizations. Each organization should be listed separately with its own sub-account number. The sub-account number for the expense should match the sub-account number for the income for each given auxiliary organization (e.g. CCW income account number is or and CCW expense account number is or ) Depreciation Header account - Depreciation expense Depreciation-Land Improvements Depreciation-Buildings Depreciation-Building Improvements Depreciation-Office Furniture/Fixtures Depreciation-Equipment Depreciation-Vehicles SCHOOL EXPENSES Header account - s unique to the school Instructional s Textbooks - Instruction Consumable Instructional Materials/Supplies NonConsum Instruc. Materials/Supplies Instructional Equipment Library Materials - Instruction Guidance Material - Instruction Teacher Training/Continuing Education Continuing Education Reimbursement Dues Fees Memberships Workshops Faculty Meetings Header account - Instructional expenses for the school ( ) Instructional materials which will be consumed in the teaching-learning process (e.g.: chalk, test tubes, ink, pencils, paints, paint brushes, crayons) Instructional materials that will last more than one year (e.g.: books, periodicals, musical scores, maps, charts, globe, video/sound recordings) Header account - s related to continuing education for the teachers ( ) (Use memo field for further clarification) Misc. Instructional (Use memo field for further clarification) Page 14 Appendix C. Accounting Revised October 2017

15 62000 Student Per Capita Assessment Fee Non-Operational s Athletic Program Materials & Supplies-Athletic Header account - Non-operational expenses related to the school ( ) Header account - Athletic program expenses for the school ( ) Uniforms & Equipment-Athletic Official Fees-Athletic Booster -Athletic Rental of Facilities/Equipment- Athletic Concession -Athletic Travel -Athletic Athletic (Use memo field for further clarification) School Lunch Program State Commodities Staples Food Supplies Header account - School lunch program expenses ( ) School Lunch s (Use memo field for further clarification) Student Activities Student Donation to Outside Organization Student Org. Fundraising Student Travel Student Activities Exp Preschool Program (PRE) Materials & Supplies - PRE Postage - PRE Furniture/Equipment - PRE Refreshments - PRE Header account - Student activities expenses ( ) Header account - Preschool program expenses( ) Preschool s (Use memo field for further clarification) Day Care Program (DC) Materials & Supplies - DC Postage - DC Furniture/Equipment - DC Refreshments - DC Header account - Daycare program expenses ( ) Day Care s (Use memo field for further clarification) Extended Day Service (EDS) Materials & Supplies - EDS Header account - Extended day service expenses ( ) Page 15 Appendix C. Accounting Revised October 2017

16 63302 Postage - EDS Furniture/Equipment - EDS Refreshments - EDS Extended Day Service Tutoring Program Misc. Non-operational School s CEMETERY EXPENSES Cemetery Maintenance Landscaping Parking Lost/Roadways/Sidewalks Equipment Rental Vehicle Maintenance Equipment Maintenance Propane Truck Fuel Off-Road Fuel Miscellaneous Cemetery Maintenance Grave s Vaults Cremation Urns Urn Vaults Memorial/Inscription s Marker Base Cement Foundation Vases Marker/Memorialization Inscriptions Lettering Wreaths Land Sale Buildings Sale PROCEEDS FROM SALE OF ASSETS Equipment Sale Statues Sale Works of Art Sale Sales (Use memo field for further clarification) Header account - s related only to the cemetery Header account - s for cemetery maintenance ( ) (Use memo field for further clarification) Header account - s related to the graves ( ) Header account - s for memorial/inscriptions ( ) Header account - Proceeds from sale of assets ( ) (Use memo field for further clarification) Page 16 Appendix C. Accounting Revised October 2017

17 85200 PROCEEDS FROM INSURANCE CLAIMS ARCHITECTURAL EXPENSE Feasibility Studies - Potential CAPITAL ASSET VALUE ADJUSTMENT REPAIRS EXPENSE COVERED BY INSURANCE EXTRAORDINARY LOSS ASSESSMENT EXPENSE SCHOOL SUBSIDY EXPENSE Proceeds from insurance claims are recorded here. The repairs to be covered by insurance claim are charged to # Architectural expenses for feasibility studies of potential projects Rectify the Overstatement of Capital Assets Repair expenses which will be covered by insurance claims. The proceeds of the insurance claim will be recorded to # Significant Losses resulting from an isolated incident which is not covered by insurance. Use the memo field for further clarification. Assessment charged by the Diocese. of parish support for the school Page 17 Appendix C. Accounting Revised October 2017