Annual Financial Reporting Form

Organization Name: ST JOSEPH CHURCH (PLA)

Fiscal Year: 2022-2023

	Balance Sheet

	Assets

	(Quick Entry)
Acct#	Description	2022	2023
101	Cash in Bank - Concentration Account	108,604.12	237,312.98
102	Cash in bank - Other Accounts (Add Entry)	0.00	105,814.48
	Ministry Exchange	0.00	105,814.48
110	Petty Cash	565.00	500.00
120	Funds on Deposit at Diocese - General Savings	6,462.96	6,654.43
121	Funds on Deposit at Diocese - Building Fund	1,164,036.81	246,626.25
122	Funds on Deposit at Diocese - Endowment Fund	0.00	0.00
130	Other Investments (Add Entry)	0.00	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)	4,306.54	0.00
		4,306.54	0.00
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)	14,958.04	0.00
	Bill.com Clearing	14,958.04	0.00
	Current Asset Total	1,298,933.47	596,908.14

	Fixed assets (Quick Entry)
Acct#	Description	2022	2023
150	Land and Improvements	6,998,071.61	8,327,969.92
151	Buildings and Improvements	0.00	0.00
160-165	Accum Depr.-Land Bldgs and Improvements	-5,349,115.87	-5,461,784.16
156-158	Furnitures, Fixtures and Equipment	455,047.90	455,047.90
166-169	Accum Depr.-Furnitures, Fixtures & Equipment	-358,494.98	-443,376.14
159	Vehicles	0.00	0.00
169	Accumulated Depr.-Vehicles	0.00	0.00
170	Construction in Progress	245,876.77	0.00
	Fixed assets (Net) Total	1,991,385.43	2,877,857.52


	Assets Total	3,290,318.90	3,474,765.66




	Liabilities (Quick Entry)
Acct#	Description	2022	2023
201	Accounts Payable - Vendors - Others (Add Entry)	66,608.95	217,902.57
	Credit Card	6,999.49	406.85
	Vendors	59,609.46	217,495.72
202	Accounts Payable - Accrued Salaries (Add Entry)	0.00	0.00
	Accrued Payroll	0.00	0.00
203	Accounts Payable - Accrued Vacation (Add Entry)	30,265.31	41,326.09
	Accrued Vacation/Personal	30,265.31	41,326.09
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	0.00
	Hispanic Liturgies/Ministry	702.00	0.00
	Next Years Revenue	23,742.51	0.00
	PSA Rebate Income	0.00	0.00
	Liabilities Total	121,318.77	259,228.66

	Net Assets (Was Fund Balances) (Quick Entry)
Acct#	Description	2022	2023
250	Unrestricted
251	Undesignated	800,852.78	3,202,264.65
252	Designated for Specific Purposes (Add Entry)	20.00	0.00
	Designated Collections	20.00	0.00
	Media Fund	0.00	0.00
	US Military Fund	0.00	0.00
280	Unrecorded Assets (PLANT) (Add Entry)	2,638,109.19	126.78
	260 Plant Assets Fund	2,638,082.41	0.00
	290 Retained Earnings	26.78	126.78
	Unrestricted Total	3,438,981.97	3,202,391.43

	Restricted (Quick Entry)
Acct#	Description	2022	2023
260	Temporarily Restricted (Add Entry)	42,041.19	0.00
	St Vincent De Paul	15,868.34	0.00
	Temp Restricted Funds	0.00	0.00
	Tuition Assistance	26,172.85	0.00
261	Permanently Restricted - provide detail (Add Entry)	-312,023.03	13,145.57
	Net Revenue	-312,023.03	13,145.57
	Opening Bal Equity	0.00	0.00
	Restricted Total	-269,981.84	13,145.57

	Net Assets Total	3,169,000.13	3,215,537.00


	Liabilities and Net Assets Total	3,290,318.90	3,474,765.66

Organization Name: ST JOSEPH CHURCH (PLA)

Fiscal Year: 2022-2023

	Income

	Ordinary Income (Quick Entry)
Acct#	Description	2023 Budget	2023 Actual
301	Collections-Sundays/Holy Days	1,144,000.00	1,210,407.23
302	Collections-Christmas	55,000.00	44,047.25	Explain
303	Collections-Easter	35,000.00	29,401.72	Explain
311	Baptisms	4,500.00	5,471.00
312	Marriages	9,000.00	6,500.00	Explain
313	Funerals	30,000.00	40,500.00
314	Undesignated Gifts and Donations	0.00	0.00
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	9,468.00
330	Facilities	0.00	0.00
333	Religious Items	240.00	105.00	Explain
334	Interest and Dividend Income (excluded Blg Fnd interest)	800.00	1,520.10
336	Advertising Income	0.00	202.34
337	Rental Property (gross amount)	0.00	0.00
339	Income-Other (Add Entry)	3,600.00	4,967.85
	Donuts	0.00	-1,032.15
	XV	3,600.00	6,000.00
	Ordinary Income Total	1,290,140.00	1,352,590.49

	Apostolate Related Income (Quick Entry)
Acct#	Description	2023 Budget	2023 Actual
341	Religious Education	45,000.00	64,437.96
342	Youth Ministries	4,000.00	7,059.55
343	Liturgy and Music	4,000.00	100.00	Explain
344	Christian Service	10,500.00	16,344.11
345-346	Other-Apostolate Related (Add Entry)	0.00	6,917.00
	Youth Days/Steubenville	0.00	6,917.00
	Apostolate Related Income Total	63,500.00	94,858.62

	Restricted Income (Unless restriction satisfied in the FY) (Quick Entry)
Acct#	Description	2023 Budget	2023 Actual
320	Donations-temporarily restricted (Add Entry)	5,000.00	93,667.00
	Chapel Restoration	5,000.00	93,667.00
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	5,000.00	93,667.00

	Other Income (Quick Entry)
Acct#	Description	2023 Budget	2023 Actual
351	Parish Building/Debt Reduction Fund	60,000.00	75,333.55
352	Pastoral Services Appeal Rebates	200,000.00	363,899.60
353	Interest (Bldg Fund)	5,400.00	19,881.89
363	Pledges Receivable	0.00	0.00
364	Uncollectible Pledges	0.00	0.00
353	Bank Credits	0.00	272.14
354	Mass Offerings (Add Entry)	12,000.00	10,660.00	Explain
		12,000.00	10,660.00
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	0.00	-129.99
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	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
	Other Income Total	277,400.00	469,917.19

	Exchange Items (Quick Entry)
Acct#	Description	2023 Budget	2023 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	2023 Budget	2023 Actual
380	Catholic Home Missions	0.00	0.00
381	National Needs (Add Entry)	0.00	1,724.84
		0.00	1,724.84
382	Church in Latin America	0.00	5,080.25
383	Retired Religious	0.00	5,661.04
384	Mission Sunday	0.00	5,260.92
385	Universal Church	0.00	4,310.89
386	Holy Land	0.00	6,213.27
387	Mission Coop/SOPF	0.00	20,084.30
388	Disaster Relief	0.00	0.00
389	Parishes in Need (Add Entry)	0.00	5,304.66
		0.00	5,304.66
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	53,640.17


	Revenue and Other Support Total	1,636,040.00	2,064,673.47

Organization Name: ST JOSEPH CHURCH (PLA)

Fiscal Year: 2022-2023

	Expenses

	General Parish Administration (Quick Entry)
Acct#	Description	2023 Budget	2023 Actual
1401-1402	Salaries-Priests (Including to Religious Community)	134,736.00	140,981.40
1403	Salaries-Religious Women	0.00	0.00
1404	Salaries-Deacons	0.00	0.00
1405	Salaries-Office Administrations	164,682.00	172,317.59
1406	Salaries-Household, Custodian and Security	81,900.00	65,337.77
1409	Salaries-Other (Add Entry)	255,338.00	340,722.13	Explain
		255,338.00	340,722.13
1415-1416	Social Security and Other Payroll Taxes	43,740.00	49,926.25	Explain
1417	Retirement	42,395.00	22,493.05
1418	Health, Life and Disability Coverage	76,623.00	78,292.96
1419	Workers Compensation	13,113.00	6,930.93
1420	Continuing Education	12,752.00	2,028.60
1421-1424	Travel and Trans-Reimbursement & Allowances	0.00	5,076.16	Explain
1425-1429	Automobile Expenses and Maintenance	3,978.00	1,250.14
1430-1431	Church Supplies and Expenses	6,939.00	11,251.42	Explain
1432	Parish Office Supplies and Equipment (<$750)	30,900.00	43,015.58	Explain
1433	Rectory Living Supplies and Expenses	6,000.00	9,942.34	Explain
1435	Convent Supplies and Expenses	0.00	0.00
1436	Rental Property Expense	0.00	0.00
1437-1441	Other Plant Supplies and Expenses	173,422.00	333,795.55	Explain
1442-1449	Professional and Technical Services	12,000.00	25,812.96	Explain
1450-1458	Taxes, Fees and Licenses	14,740.00	15,666.93
1459	UBIT Taxes	0.00	0.00
1460-1469	Utilities	82,365.00	69,989.11
1471	Property and Liability	110,977.00	43,108.00
1472	Gifts and Donations	0.00	0.00
1473	Parish Missions	0.00	6,904.32	Explain
1474	Bank Charges	18,000.00	17,491.03
1481	Social Activities	20,000.00	42,030.13	Explain
1482	Expenses-Other (Add Entry)	0.00	0.00
		0.00	0.00
		0.00	0.00
		0.00	0.00
	General Parish Administration Total	1,304,600.00	1,504,364.35

1483	Apostolic Programs (Quick Entry)
Acct#	Description	2023 Budget	2023 Actual
2498	Parish School-Direct Assistance	0.00	40,417.00	Explain
2499	Parish-School Expenses Paid Directly	0.00	0.00
4401-4599	Religious Education	45,197.00	75,941.64	Explain
5401-5599	Youth Ministry	3,700.00	4,226.97	Explain
6401-6599	Liturgy and Music	18,300.00	9,302.46
7401-7599	Christian Service	0.00	117.35	Explain
8401-8599	Other	0.00	3,450.00	Explain
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	67,197.00	133,455.42

	Other Expenses (Quick Entry)
Acct#	Description	2023 Budget	2023 Actual
600	Cost of Capital Campaign	0.00	7,508.93	Explain
601	Diocesan Assessments(support Bishop's Admin Offices)	149,336.00	45,655.00
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	109,354.59	Explain
		0.00	109,354.59
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	106,287.00	197,549.44	Explain
705	Interest - Debt to Diocese	0.00	0.00
	Other Expenses Total	255,623.00	360,067.96

	Exchange Items (Quick Entry)
Acct#	Description	2023 Budget	2023 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	2023 Budget	2023 Actual
880	Catholic Home Missions	0.00	0.00
881	National Needs (Add Entry)	0.00	1,724.84	Explain
		0.00	1,724.84
882	Church in Latin America	0.00	5,080.25	Explain
883	Retired Religious	0.00	5,661.04	Explain
884	Mission Sunday	0.00	5,260.92	Explain
885	Universal Church	0.00	4,310.89	Explain
886	Holy Land	0.00	6,213.27	Explain
887	Mission Coop	0.00	20,084.30	Explain
888	Disaster Relief	0.00	0.00
889	Parishes in Need (Add Entry)	0.00	5,304.66	Explain
		0.00	5,304.66
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	53,640.17


	Expenses Total	1,627,420.00	2,051,527.90

Summary Revenue & Expenses
	2023 Budget	2023 Actual
Total Revenue and Other Support	1,636,040.00	2,064,673.47
Total Expenses	1,627,420.00	2,051,527.90

Change in Net Assets	8,620.00	13,145.57

Variance Explanation
Account		Explanation
302 Collections-Christmas		Over stated
303 Collections-Easter		Overstated
312 Marriages		Overstated
333 Religious Items		Overstated
343 Liturgy and Music		Funerals understated and musician fees not properly recorded
354 Mass Offerings		Understated
1421-1424 Travel and Trans-Reimbursement & Allowances		Priest allowance not in budget
1430-1431 Church Supplies and Expenses		New liturgical banners
1415-1416 Social Security and Other Payroll Taxes		Effect from Salaries being understated
1481 Social Activities		Groundbreaking, PSA Appreciaiton Dinner and Priestly Ordination Anniversary
1442-1449 Professional and Technical Services		Conversion to Diocesan IT services
1409 Salaries-Other		Budget understated due to increase in maintenance staff to offset Janitorial services contract
1433 Rectory Living Supplies and Expenses
1437-1441 Other Plant Supplies and Expenses		Playground renovation
1473 Parish Missions		Was not in previous year historical data; understated
610-619 Major Repairs (Schedule B) Not Capitalized		Playground Renovation
881 National Needs		Net of income
882 Church in Latin America		Net of Income
883 Retired Religious		Net of Income
884 Mission Sunday		Net of Income
885 Universal Church		Net of Income
886 Holy Land		Net of Income
887 Mission Coop		Net of Income
889 Parishes in Need		Net of Income