1. CHURCH OF THE RESURRECTION
ANNUAL CORPORATE MEETING
SUNDAY, SEPTEMBER 18, 2016

2. AGENDA Welcome/Prayer Fr. Ed, Pastor Pastor’s Remarks Fr. Ed, Pastor
Appointment of Trustees Fr. Ed, Pastor
Conflict of Interest policy Chuck Moynihan, PPC Chair
Financial Presentation Diane Syta, Finance Chair
Fiscal 2016 financial results
Fiscal 2017 budget
Capital Campaign Update Fr. Ed, Pastor
Questions/Discussion
Conclusion/Prayer Fr. Ed, Pastor

3. PASTOR’S REMARKS
•Pastoral Life of the parish •Restructuring of Faith Formation •Sacramental Life •Capital Campaign progress and success! •Evangelization efforts •Communications efforts •Stewardship challenges

4. APPOINTMENT OF TRUSTEES
Appointed by the Pastor
Term of one year
Trustees
Chuck Moynihan
Chip Scoppa

5. Diocesan Conflict of Interest Policy
Creates awareness
Helps assure decisions are made in the Parish’s best interests
Describes procedures to address such identified conflicts
Signed by
Parish Council and committee members
Parish trustees

6. Fiscal 2016 Financial Summary Balance Sheet
June 30, 2016
June 30, 2015
Unrestricted cash
$ ,380
$ ,759
Quasi-restricted - Communis Funds
35,353
35,546
Restricted cash
Mass stipends
635
1,183
Partners in Faith/other
9,718
52,596
Capital Campaign
143,971
133,598
Total assets
$ ,057
$ ,682
Liabilities
1,427
1,133
Net assets
353,630
292,549
Total liabilities and net assets

7. Fiscal 2016 Financial Summary Statement of Revenues and Expenses (Cash basis)
Actual
Budget
Collections
$ ,508
$ 381,600
Donations/other
5,280
3,600
Program revenue
46,425
46,020
Fundraising revenue
21,249
25,012
444,462
456,232
Parish-wide Expenses
Salaries/benefits and contracted employees
199, 085
222,065
Diocesan requirements
67,326
67,400
Ministries/Tithing
55,563
61,036
Building maintenance/insurance
51,730
49,458
Fundraising expense
12,185
11,925
Supplies
24,827
31,466
Parish social events
3,041
1,700
All Other
9,866
11,182
423,623
Operating Net surplus/deficit
20,839

8. Fiscal 2016 Financial Summary Statement of Revenues and Expenses (Cash basis)
Operating Net surplus/deficit
20,839
Capital Campaign
Pledge collections
270,698
167,383
Campaign expenses
(230,309)
(31,500)
40,389
135,883
Other non-operating
Revenue
(21)
1,100
Expenditures
(126)
(100)
(147)
1,000
Total Parish
$ ,081
$ 136,883

9. Fiscal 2016 Revenue Sources
Total revenues = $715,186

10. Fiscal 2016 Categorical Expenses
Total expenditures = $654,105

11. Historical Trends – Operating Excess/Deficits

12. Historical Trends – Parish-wide Revenues and Expenses

13. Historical Trends – Operating Revenues and Expenses

14. Historical Trends – Contributions

15. FY 2017 Budget Overview
Operationally, break-even with the exception of Mission revenue/expenses, as those straddle June 30
Same process as prior year
Thank you to all involved!
One-on-one meetings with Finance representatives and ministry heads (staff and volunteer)
Reviewed historical as well as future needs
Revenue and expenditure impact of capital campaign funds included

16. Fiscal 2017 Budget and Actual 2016
Parish-wide Revenue
Collections
370,468
$ ,508
$ 381,600
Donations/other
6,730
5,280
3,600
Program revenue
42,055
46,425
46,020
Fundraising revenue
27,900
21,249
25,012
$ ,153
444,462
456,232
Parish-wide Expenses
Salaries/benefits and contracted employees
220,972
199,085
220,065
Diocesan requirements
71,700
67,326
67,400
Ministries/Tithing
52,658
55,563
61,036
Building maintenance/insurance
48,508
51,730
49,458
Fundraising expense
13,920
12,185
11,925
Supplies
26,585
24,827
31,466
Parish social events
3,180
3,041
1,700
All Other
12,830
9,866
11,182
450,353
423,623
Operating Net surplus/deficit
(3,200)
20,839
Capital Campaign
Pledge collections
125,300
270,698
167,383
Campaign expenses
(129,000)
(230,309)
(31,500)
(3,700)
40,389
135,883
Other non-operating
Revenue -
(21)
1,100
Expenditures
(120)
(126)
(100)
(147)
1,000
Total Parish
$ (7,020)
$ ,081
$ 136,883

17. Campaign Activity Total pledged $728,564 Collected through
Sept. 8, $440,424
Expended through
Sept. 8, $ 334,849

18. Campaign Expenditures through 9/8/16
Description
From Capital Campaign $
From Partners in Faith $
Total through 9/8/16
Campaign expenses $0
$50,046
Roof/architect
$270,999
$15,297
$286,296
Rectory heat pump, electrical, painting
$6,757
$5,870
$12,627
Church masonry/railing
$ 5,050
$5,050
Parking lot
$52,043
Totals
$334,849
$71,213
$406,062

19. Projects and Timing Description Status Roof and masonry Completed!
Parking lot
Rectory
Identified needs-completed!
Technology upgrade
In review for priority and timing
Road sign
Exhaust vent
HVAC
Carpeting, painting
Tree trimming
Other needs

20. QUESTIONS

21. CHURCH OF THE RESURRECTION
A Roman Catholic Community….. Together in Christ