Annual Financial Reporting Form

Organization Name: ST JOSEPH CHURCH (PLA)

Fiscal Year: 2021-2022

	Balance Sheet

	Assets

	(Quick Entry)
Acct#	Description	2021	2022
101	Cash in Bank - Concentration Account	218,420.04	108,604.12
102	Cash in bank - Other Accounts (Add Entry)	0.00	0.00
	123 Festival/Carnival	0.00	0.00
	Ministry Exchange	0.00	0.00
110	Petty Cash	565.00	565.00
120	Funds on Deposit at Diocese - General Savings	6,366.71	6,462.96
121	Funds on Deposit at Diocese - Building Fund	1,328,595.25	1,164,036.81
122	Funds on Deposit at Diocese - Endowment Fund	0.00	0.00
130	Other Investments (Add Entry)	114.15	0.00
	PPP Covid 19	114.15	0.00
		0.00	0.00
135	Pledges Receivable, Net of Discounts and Allowances for Doubtful Receivables (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
137	Receivables (Add Entry)	-2,085.15	4,306.54
		-2,085.15	4,306.54
140	Prepaids (Add Entry)	0.00	0.00
	Pre-Paid Expenditures	0.00	0.00
147	Inventories (Including Scrip) (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
149	Other Assets (Add Entry)	145.33	14,958.04
	Bill.com Clearing	145.33	14,958.04
	Current Asset Total	1,552,121.33	1,298,933.47

	Fixed assets (Quick Entry)
Acct#	Description	2021	2022
150	Land and Improvements	6,998,071.61	6,998,071.61
151	Buildings and Improvements	0.00	0.00
160-165	Accum Depr.-Land Bldgs and Improvements	-5,145,035.36	-5,349,115.87
156-158	Furnitures, Fixtures and Equipment	455,047.90	455,047.90
166-169	Accum Depr.-Furnitures, Fixtures & Equipment	-295,925.93	-358,494.98
159	Vehicles	0.00	0.00
169	Accumulated Depr.-Vehicles	0.00	0.00
170	Construction in Progress	35,193.00	245,876.77
	Fixed assets (Net) Total	2,047,351.22	1,991,385.43


	Assets Total	3,599,472.55	3,290,318.90




	Liabilities (Quick Entry)
Acct#	Description	2021	2022
201	Accounts Payable - Vendors - Others (Add Entry)	50,645.14	66,608.95
	Credit Card	1,371.05	6,999.49
	Vendors	49,274.09	59,609.46
202	Accounts Payable - Accrued Salaries (Add Entry)	0.00	0.00
	Accrued Payroll	0.00	0.00
203	Accounts Payable - Accrued Vacation (Add Entry)	22,837.31	30,265.31
	Accrued Vacation/Personal	22,837.31	30,265.31
205	Accounts Payable - Payroll Taxes/Benefits (Add Entry)	0.00	0.00
		0.00	0.00
207	403-B	0.00	0.00
206-209	Health, Pension Contrib., Workers Comp, Other Accrues Liabilities (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
210	Debt to Diocese (Add Entry)	0.00	0.00
		0.00	0.00
211	LT Loans (Add Entry)	0.00	0.00
		0.00	0.00
215	Debt to Others - Custodial Funds (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
217-219	Deferred Revenues (Add Entry)	24,444.51	24,444.51
	Hispanic Liturgies/Ministry	702.00	702.00
	Next Years Revenue	23,742.51	23,742.51
	PSA Rebate Income	0.00	0.00
	Liabilities Total	97,926.96	121,318.77

	Net Assets (Was Fund Balances) (Quick Entry)
Acct#	Description	2021	2022
250	Unrestricted
251	Undesignated	559,469.21	800,852.78
252	Designated for Specific Purposes (Add Entry)	36,481.97	20.00
	Designated Collections	5,274.50	20.00
	Media Fund	30,707.47	0.00
	US Military Fund	500.00	0.00
280	Unrecorded Assets (PLANT) (Add Entry)	2,818,226.01	2,638,109.19
	260 Plant Assets Fund	2,638,082.41	2,638,082.41
	290 Retained Earnings	180,143.60	26.78
	Unrestricted Total	3,414,177.19	3,438,981.97

	Restricted (Quick Entry)
Acct#	Description	2021	2022
260	Temporarily Restricted (Add Entry)	26,128.43	42,041.19
	St Vincent De Paul	1,554.82	15,868.34
	Temp Restricted Funds	23,704.61	0.00
	Tuition Assistance	869.00	26,172.85
261	Permanently Restricted - provide detail (Add Entry)	61,239.97	-312,023.03
	Net Revenue	498,722.02	-312,023.03
	Opening Bal Equity	-437,482.05	0.00
	Restricted Total	87,368.40	-269,981.84

	Net Assets Total	3,501,545.59	3,169,000.13


	Liabilities and Net Assets Total	3,599,472.55	3,290,318.90

Organization Name: ST JOSEPH CHURCH (PLA)

Fiscal Year: 2021-2022

	Income

	Ordinary Income (Quick Entry)
Acct#	Description	2022 Budget	2022 Actual
301	Collections-Sundays/Holy Days	932,460.00	1,115,533.53
302	Collections-Christmas	45,000.00	60,718.25
303	Collections-Easter	30,000.00	43,446.57
311	Baptisms	4,320.00	6,936.00
312	Marriages	9,804.00	13,100.00
313	Funerals	33,300.00	45,410.00
314	Undesignated Gifts and Donations	0.00	255.00
315	Sale of Donated Property	0.00	0.00
316	Votive (net)	0.00	0.00
317	Estates and Bequests	0.00	0.00
318	Parish Missions	0.00	0.00
319	Novenas	8,000.00	10,593.10
330	Facilities	0.00	0.00
333	Religious Items	-990.00	94.50
334	Interest and Dividend Income (excluded Blg Fnd interest)	2,100.00	735.74	Explain
336	Advertising Income	0.00	0.00
337	Rental Property (gross amount)	0.00	0.00
339	Income-Other (Add Entry)	4,994.00	9,599.35
	Donuts	0.00	35.14
	Other Ordinary	996.00	3,464.21
	Quinceneras	3,998.00	6,100.00
	Ordinary Income Total	1,068,988.00	1,306,422.04

	Apostolate Related Income (Quick Entry)
Acct#	Description	2022 Budget	2022 Actual
341	Religious Education	48,306.00	46,180.50
342	Youth Ministries	7,700.00	4,336.00	Explain
343	Liturgy and Music	24,500.00	2,262.58	Explain
344	Christian Service	10,799.00	85,568.94
345-346	Other-Apostolate Related (Add Entry)	0.00	594.85
	Other	0.00	594.85
	Apostolate Related Income Total	91,305.00	138,942.87

	Restricted Income (Unless restriction satisfied in the FY) (Quick Entry)
Acct#	Description	2022 Budget	2022 Actual
320	Donations-temporarily restricted (Add Entry)	9,000.00	45,940.00
		9,000.00	45,940.00
321	Donations-permanently restricted (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
322	Previous Years Donations Spent (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
322A	Net assets released from restrictions-satisfaction donor�s restrictions (debit) (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
322B	Net assets released from restrictions (credit) (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
	Restricted Income Total	9,000.00	45,940.00

	Other Income (Quick Entry)
Acct#	Description	2022 Budget	2022 Actual
351	Parish Building/Debt Reduction Fund	120,000.00	103,064.58	Explain
352	Pastoral Services Appeal Rebates	165,000.00	72,734.63	Explain
353	Interest (Bldg Fund)	7,800.00	17,709.43
363	Pledges Receivable	0.00	0.00
364	Uncollectible Pledges	0.00	0.00
353	Bank Credits	0.00	1,271.58
354	Mass Offerings (Add Entry)	10,500.00	16,489.70
		10,500.00	16,489.70
355	Sale of Parish Property	0.00	0.00
365	Gain(Loss) on Sale/Disposal Property	0.00	0.00
356	Fund Raising for School	0.00	0.00
366	Bingo (Net)	0.00	0.00
357	Social Activities and Festivals	1,200.00	953.01	Explain
358	Insurance Settlements	0.00	0.00
359	Scrip (Net)	0.00	0.00
365	Investment Gains/Losses	0.00	0.00
360	Other - provide detail (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
361	Contributed Services (fair value)	0.00	0.00
362	Other - provide detail (Add Entry)	0.00	303.35
	Merchant Service Revenue	0.00	303.35
	Other Income Total	304,500.00	212,526.28

	Exchange Items (Quick Entry)
Acct#	Description	2022 Budget	2022 Actual
373	Exchange Checks (Recieved)	0.00	0.00
374	Other-Exchange Items (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
	Exchange Items Total	0.00	0.00

	Restricted Collection (Quick Entry)
Acct#	Description	2022 Budget	2022 Actual
380	Catholic Home Missions	0.00	0.00
381	National Needs (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
382	Church in Latin America	0.00	0.00
383	Retired Religious	0.00	0.00
384	Mission Sunday	0.00	0.00
385	Universal Church	0.00	0.00
386	Holy Land	0.00	0.00
387	Mission Coop/SOPF	0.00	0.00
388	Disaster Relief	0.00	0.00
389	Parishes in Need (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
390	School Tuition/Assistance	0.00	0.00
391	Other Special Collections (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
	Restricted Collection Total	0.00	0.00


	Revenue and Other Support Total	1,473,793.00	1,703,831.19

Organization Name: ST JOSEPH CHURCH (PLA)

Fiscal Year: 2021-2022

	Expenses

	General Parish Administration (Quick Entry)
Acct#	Description	2022 Budget	2022 Actual
1401-1402	Salaries-Priests (Including to Religious Community)	159,082.00	148,334.90
1403	Salaries-Religious Women	0.00	0.00
1404	Salaries-Deacons	0.00	0.00
1405	Salaries-Office Administrations	135,958.00	170,698.73	Explain
1406	Salaries-Household, Custodian and Security	77,120.00	60,341.43
1409	Salaries-Other (Add Entry)	214,882.35	286,699.76	Explain
	Faith Formation	39,965.75	60,933.83
	Music	100,416.60	125,407.50
	Vacation/Personal	0.00	7,428.00
	Youth Ministry	74,500.00	92,930.43
1415-1416	Social Security and Other Payroll Taxes	32,354.00	45,675.67	Explain
1417	Retirement	18,189.00	22,353.20	Explain
1418	Health, Life and Disability Coverage	75,882.00	86,407.22	Explain
1419	Workers Compensation	10,982.00	7,934.89
1420	Continuing Education	3,761.00	625.00
1421-1424	Travel and Trans-Reimbursement & Allowances	0.00	0.00
1425-1429	Automobile Expenses and Maintenance	300.00	131.87
1430-1431	Church Supplies and Expenses	9,865.00	11,389.74	Explain
1432	Parish Office Supplies and Equipment (<$750)	4,816.00	1,621.39
1433	Rectory Living Supplies and Expenses	15,000.00	8,623.61
1435	Convent Supplies and Expenses	0.00	0.00
1436	Rental Property Expense	0.00	0.00
1437-1441	Other Plant Supplies and Expenses	128,455.00	154,582.26	Explain
1442-1449	Professional and Technical Services	9,100.00	6,693.15
1450-1458	Taxes, Fees and Licenses	12,600.00	17,154.73	Explain
1459	UBIT Taxes	0.00	0.00
1460-1469	Utilities	83,896.00	77,902.39
1471	Property and Liability	38,931.00	49,612.00	Explain
1472	Gifts and Donations	1,200.00	6,175.39	Explain
1473	Parish Missions	0.00	1,257.39	Explain
1474	Bank Charges	32,836.00	14,857.70
1481	Social Activities	22,535.00	17,343.16
1482	Expenses-Other (Add Entry)	0.00	1,092.20	Explain
	Fundraising	0.00	1,090.25
	Recon Discrepancies	0.00	1.95
	General Parish Administration Total	1,087,744.35	1,197,507.78

1483	Apostolic Programs (Quick Entry)
Acct#	Description	2022 Budget	2022 Actual
2498	Parish School-Direct Assistance	0.00	86,315.00	Explain
2499	Parish-School Expenses Paid Directly	60,260.00	57,414.79
4401-4599	Religious Education	24,797.00	51,901.13	Explain
5401-5599	Youth Ministry	11,487.00	1,330.53
6401-6599	Liturgy and Music	13,281.00	7,088.32
7401-7599	Christian Service	0.00	0.00
8401-8599	Other	2,600.00	0.00
9401-9599	Other-Apostolic (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
	Apostolic Programs Total	112,425.00	204,049.77

	Other Expenses (Quick Entry)
Acct#	Description	2022 Budget	2022 Actual
600	Cost of Capital Campaign	0.00	0.00
601	Diocesan Assessments(support Bishop's Admin Offices)	131,970.00	216,504.00	Explain
602	Assessments for Catholic Schools (support Parish Catholic Schools)	0.00	0.00
610-619	Major Repairs (Schedule B) Not Capitalized (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
620	Major Purchases (Schedule A) Not Capitalized (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
640-649	Depreciation Expense	133,800.00	397,892.67	Explain
705	Interest - Debt to Diocese	0.00	0.00
	Other Expenses Total	265,770.00	614,396.67

	Exchange Items (Quick Entry)
Acct#	Description	2022 Budget	2022 Actual
710	Exchange Checks (Remitted)	0.00	0.00
711	Other-Exchange Items (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
	Exchange Items Total	0.00	0.00

	Exchange for Restricted Collections (Quick Entry)
Acct#	Description	2022 Budget	2022 Actual
880	Catholic Home Missions	0.00	0.00
881	National Needs (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
882	Church in Latin America	0.00	0.00
883	Retired Religious	0.00	0.00
884	Mission Sunday	0.00	0.00
885	Universal Church	0.00	0.00
886	Holy Land	0.00	0.00
887	Mission Coop	0.00	0.00
888	Disaster Relief	0.00	0.00
889	Parishes in Need (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
890	School/Tuition Assistance	0.00	0.00
891	Other Special Collections (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
	Exchange for Restricted Collections Total	0.00	0.00


	Expenses Total	1,465,939.35	2,015,954.22

Summary Revenue & Expenses
	2022 Budget	2022 Actual
Total Revenue and Other Support	1,473,793.00	1,703,831.19
Total Expenses	1,465,939.35	2,015,954.22

Change in Net Assets	7,853.65	-312,123.03

Variance Explanation
Account		Explanation
1405 Salaries-Office Administrations		Return from furlough
1409 Salaries-Other		Return from furlough
4401-4599 Religious Education		Instructional Materials and Texbooks not budgeted properly
601 Diocesan Assessments(support Bishop's Admin Offices)		Assessment based on average of three years revenue; to be recalculated.
640-649 Depreciation Expense		FYE 20 and 21 not realized
1415-1416 Social Security and Other Payroll Taxes		Due to increased wages
1417 Retirement		Due to increased wages
1418 Health, Life and Disability Coverage		Increased enrollment
1430-1431 Church Supplies and Expenses		Return to regular schedule
1437-1441 Other Plant Supplies and Expenses		Increase of repair and maintenance; media equipment for livestream
1450-1458 Taxes, Fees and Licenses		Services reinstated not budgeted
1471 Property and Liability		Budget did not reflect increase premiums
1472 Gifts and Donations		Retirement and service
1473 Parish Missions		Was not included in COVID Budget update
1482 Expenses-Other		Pending A/R review from School
334 Interest and Dividend Income (excluded Blg Fnd interest)		Funds transfer to Building
342 Youth Ministries		Unrealized
352 Pastoral Services Appeal Rebates		Unrealized
343 Liturgy and Music		Unrealized
2498 Parish School-Direct Assistance		PSA Rebate Percentage