FINANCIAL REPORT FOR ST. FRANCIS XAVIER CHURCH: SUBMITTED OCTOBER 21-22, 2017

July 2017 / August 2017 / September 2017 / Jul - Sep 2017
Income
CONTRIBUTION INCOME / 38,267.82 / 45,082.57 / 34,317.50 / 117,667.89
DEVELOPMENT/FUND RAISING / 6,480.66 / 16,393.90 / 14,944.00 / 37,818.56
OPERATIONAL / 66.68 / 30,129.78[1] / 35.00 / 30,231.46
RELIGIOUS EDUCATION INCOME / 250.00 / 700.00 / 1,800.00[2] / 2,750.00
MINISTRY & PROGRAM FEE INCOME / 540.00 / 5,274.00[3] / 486.93 / 6,300.93
OTHER INCOME / 54.00 / 50.00 / 104.00
EXTRAORDINARY INCOME / 10,000.00[4] / 10,000.00
Total Income / 55,659.16 / 97,630.25 / 51,583.43 / 204,872.84
Expense
PERSONNEL / 26,943.98 / 28,071.25 / 27,164.62 / 82,179.85
FACILITIES / 12,471.80 / 17,016.22[5] / 17,933.16 / 47,421.18
GENERAL/OPERATIONAL / 12,588.87 / 12,177.86 / 11,957.96 / 36,724.69
PRAYER & WORSHIP / 1,215.45 / 1,600.00 / 2,055.77 / 4,871.22
RELIGIOUS EDUCATION / 685.46 / 685.46
PASTORAL MINISTRY / 194.86 / 46.98 / 275.00 / 516.84
JUSTICE & LIFE / 4,272.13 / 2,255.99 / 1,574.68 / 8,102.80
Total Expense / 57,687.09 / 61,168.30 / 61,646.65 / 180,502.04
NET INCOME / -2,027.93 / 36,461.95 / -10,063.22 / 24,370.80

Notes on Finances July through September

  • In July, we pulled $10,000 from the general savings account to cover payroll and invoices.
  • In September, we pulled $38,182 from the building remodel fund to make the second payment on the new windows.
  • Income from offertory and plate (e.g. weekend collections) typically drops during the summer. Setting up a recurring contribution online will help offset this trend.
  • Income for Food Pantry and Utility Assistance was $6,211 and Expenses $6,003.
  • We raised $1,605 in tumbler sales and $594 in raffle tickets. Hats off to the Stewardship Committee!
  • Without the $30,010 income from the cell tower rental agreement, SFX would had have negative net income of $5,640 for the first quarter of this fiscal year.

Funds in Savings as of September 30
$80,699 – general savings
$158,888– remodeling fund / Second Collections
$2,529.00 Food Pantry and Emergency Assistance, July 22-23
$ 636.58 Diocesan Life and Justice Campaign, August 19-20
$2,822.83 Hurricane Harvey, September 9-10
$ 829.00 Latin America Apostolate, September 16-17
$1,484.70 Hurricane Irma, etc., September 23-24
$8,302.11 raised to help others in needand to support programs that make a difference!

NEWS FROM THE PARISH OFFICE - OCTOBER 2017 REPORT

PARISH OFFICE REMODEL

The project is moving along as planned.Once a week, the Building Committee, the Architects, and the Construction Project Managers meet to discuss progress, issues, and plans. We are on-time and on-budget for completion late October. New windows are being installed, the ductwork for air conditioning is largely installed, painting is close to completion, and new carpeting is scheduled for installation next week.

Meanwhile, the staff relocation to the BVM room is working out just fine. We have enough space to work comfortably and disruptions have been manageable. What a team!

REMODEL BUDGET 2017

$299,401 total cost of project

$ 81,359 paid-to-date for project ($76,364 for windows, $4,995 for environmental testing and abatement)

$218,042 balance needed for project completion

$158,888 funds in remodel savings account

$ 59,154 funds still needed to cover all project costs

BAGELS AND BOXES

Please mark your calendars for Saturday, November 11th. We are looking for volunteers to help us move boxes and furniture from the packing crates on the parking lots back into the newly remodeled Parish Office. What a great chance to see the finished product! We’ll start at 9:00 am on the parish parking lot. Join us for bagels, coffee, and a few hours of camaraderie and work. We’ll have sign-up sheets in the narthex over the next few weekends. Thank you.

FOOD PANTRYand BUS PASSES

The SFX Food Pantry has been running as usual, without any disruption in service. Our food pantry clients are welcomed in our temporary front office – the Romero Room – and can pick up their groceries via the staircase by the BVM room. They enjoy the beautiful fresh produce from the community garden. Our thanks to the front office and food pantry volunteers, our gardeners, and Becca Jackson, for their flexibility, creativity, and willingness to serve others. The bus pass program continues.

UTILITY ASSISTANCE (aka Emergency Assistance) and LEGAL AID

Fifteen families were given utility assistance or prescription assistance over the past three months. Currently, utility assistance is suspended due to funding concerns. We continue to offer referrals and support where we can. And, our legal aid ministry is active.

STATUS OF THE OPEN POSITION FOR THE SFX JUSTICE & LIFE MINISTRY

Since Rebecca Hinman McKnight’s departure in June, this position has been open. A decision was made to postpone the search process for her replacement until after the Parish Office remodeling project was completed. Now that the construction is well underway, we are revisiting this topic. Several meetings are planned with Parish leaders to discuss our staffing strategy. Please pray for those involved in the decision-making process.

WWW.SFX-KC.ORG

Last month we unveiled our new parish website. Have you seen it yet? While a website is always a work in progress, we hope you are happy with the new look. It was a long time coming. Many thanks to staff member Peggy Beaven Calia and parishioner Cathy O’Shia for their hard work on this project, we couldn’t have done it without them. And, many thanks to the wonderful people of St. Francis Xavier for your patience and support.

WATER USAGE

We are doing some research on how to reduce our water usage during the summer months. The SFX water bill averages $2,860 during the summer months compared to less than $200 during the winter months. The SFX Sustainability Committee and a few of us from the SFX staff are working together to find efficiencies.

This report was compiled by Ann Sheridan, Operations and Project Manager for St. Francis Xavier, and reviewed by the Finance Council: Kaler Bole (Chairperson), Jane Ratcliffe Coakley, Kaitlyn Kann, Dorna Swan, and Brian Sullivan. Your questions and feedback are welcome. Ann Sheridan or 86/381-9165.

[1] Include cell tower rental $30,010

[2] Income from Sacramental Prep fees

[3] Includes donations from second collection for Emergency Assistance

[4] Donation for office remodel

[5] Water usage spike in summer