Congregation of Holy Angels
Statement of Revenues and Expenditures
Fiscal Year 2007/08
REVENUES				EXPENDITURES
Parish				Church & Rectory
Envelopes		$1,142,905		Salaries & Benefits		$323,842
Offertory		68,796		Supplies & Services		67,121
Donations and Bequests		20,274		Utilities & Maintenance		52,062
Wedding/Funeral Stipends		8,767		Insurance & Other		55,163
Misc - Pick N'Save		6,178		Sub-Total		$498,188
Collections for Others		32,823		School
Tuition		553,926		Salaries & Benefits		$1,346,833
School Fees & Fund Raisers		242,534		Supplies & Services		143,511
Tuition Assistance-Trust Fund		66,000		Utilities & Maintenance		90,460
Tuition Assistance-St. Vincent		9,652		Sub-Total		$1,580,804
Tuition Assistance-Other		9,242		Religious Education
Tuition-Participating Parish		9,400		Salaries & Benefits		$46,098
Tuition-Stehling Project		89,889		Materials & Supplies		10,466
Rental Income		70,547		Utilities & Maintenance		2,402
Festival Income		51,773		Sub-Total		$58,966
Interest & Other Income		3,154		Youth Ministry
Religious Education Receipts		15,920		Salaries & Benefits		$56,284
Youth Ministry Receipts		42,411		Supplies & Services		51,172
Sub-Total		2,444,191		Sub-Total		$107,456
				Capital Expenditures (see note)		72,484
				Archdiocesan Assessment		55,505
				Parish-Dominican Republic		11,429
				Reserve Fund		10,000
				Collections for Others		33,634
				Parking Lot Debt Service		13,958
Total Revenues		$2,444,191		Total Expenditures		$2,442,424
				Operating Residue		$1,767
This report covers the parish business year from July 1, 2007 to June 30, 2008
Financial footnotes:
Subsidy provided School by Parish was $600,161 (43.0% of Total Church Revenues)
Capital Expenditures includes $40,000 set aside for caulking and tuckpointing of school building
Restricted Funds - highlights not reflected in the above are:
- Parking Lot Debt -
Debt Balance of $55,428
- Archdiocesan Stewardship Appeal - contributions of $51,600
- School Trust Fund - contributions of $231,940
- Cemetery - revenues of $39,688 and expenditures of $38,451
- Athletic Committee - revenues of $17,494 and expenditures of $17,494