Sacred Heart of Jesus Chinese Parish The 2008 Budget (7/1/08-6/30/09) 2019/9/20 Sacred Heart of Jesus Chinese Parish The 2008 Budget (7/1/08-6/30/09) Sheau-Dong Wang, CPA Financial Advisory Councilor 9/20/2019

Questions and Comments 2019/9/20 Questions and Comments Questions or comments regarding the 2008 budget ought to be submitted in writing to Financial Advisory Council. The three councilors are: 1. Samuel Chang (the lead councilor) 2. Theresa Chen Sheau-Dong Wang 9/20/2019

2019/9/20 The 2008 Budget Process Each group’s budget proposal was submitted by the group leader. 2. The budget meeting was held on 6/7/2008. 3. The budget was reviewed by both Financial Advisory Council and Pastoral Advisory Council. 4. It was approved by Fr. Pang. 9/20/2019

The 2008 Budget Total Revenue Estimated 185,767.77 2019/9/20 The 2008 Budget Total Revenue Estimated 185,767.77 Total Expenses Estimated 199,711.75 (Deficit) of Income over Expenses (13,943.98) 9/20/2019

The 2008 Total Revenue Sunday Donation 144,000.00 2019/9/20 The 2008 Total Revenue Sunday Donation 144,000.00 Special Purpose Donation 15,397.77 Interest Income 10,200.00 Other Income 16,170.00 Total Revenue 185,767.77 9/20/2019

The 2008 Total Expenses 10-Pastoral Council 1,200.00 20-Accounting 2019/9/20 The 2008 Total Expenses 10-Pastoral Council 1,200.00 20-Accounting 11,270.00 21-Pastor Office 52,518.00 31-RCIA 3,770.00 32-Liturgy 6,531.75 40-Communication 7,440.00 50-Management 74,247.00 51-Cafeteria 8,160.00 52-Purchasing 5,350.00 60-Youth Ministry 10,150.00 61-CCD 4,965.00 63-Adult Formation 3,100.00 65-Library 1,500.00 70-Outreach 5,180.00 71-Charity 4,330.00 Total Expenses 199,711.75 9/20/2019

The top three groups to which most of the money has been allocated 2019/9/20 The top three groups to which most of the money has been allocated Group 50-Management 74,247.00 #1 Group 21-Pastor Office 52,518.00 #2 Group 60-Youth Ministry 10,150.00 Group 61-CCD 4,965.00 15,115.00 #3 9/20/2019

2019/9/20 #1 Management: $74,247.00 The three items which are important for the operation of the building: Electricity 30,000.00 Janitor service 11,000.00 Property Insurance 13,661.00 74% of $74,247.00 = $54,661.00 54,661.00 9/20/2019

2019/9/20 #2 Pastor Office: $52,518.00 The three items per the regulations made by Diocese of Dallas: Medical 6,324.00 Pension 4,080.00 Salary 27,508.00 73% of $52,518.00 = $37,912.00 37,912.00 9/20/2019

#3 Youth Ministry & CCD: $15,115.00 2019/9/20 #3 Youth Ministry & CCD: $15,115.00 60-Youth Ministry 10,150.00 61-CCD 4,965.00 15,115.00 10% of Sunday Donation has been allocated to Youth Ministry & CCD. The % will be reviewed every year (e.g., the more people the two groups have, the higher % will be). Sunday Donation 144,000.00 Percentage for the 2008 budget 10% 10% of Sunday Donation 14,400.00 9/20/2019

Questions and Comments 2019/9/20 Questions and Comments Questions or comments regarding the 2008 budget ought to be submitted in writing to Financial Advisory Council. The three councilors are: 1. Samuel Chang (the lead councilor) 2. Theresa Chen Sheau-Dong Wang 9/20/2019