1. 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

2. 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

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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, = $54,661.00
54,661.00
9/20/2019

9. 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, = $37,912.00
37,912.00
9/20/2019

10. #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

11. 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