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Holy Spirit Financial InformationFiscal Year 2021-2022Over all our parish finances are in a fair position due to our parish activities netting a positive $92,000. What significantly contributed to our positive results was the second Paycheck Protection Program (PPP) loan in the amount of $183,000 that we used to cover part of the year’s operating expenses. The Federal Government has forgiven that loan. Without the loan, we would have experienced a loss of about $91,000. That type of loan is no longer available, so we need to rely on each other to cover our operating expenses.
The Statement of Cash Flow below shows our parish cash balance decreased $112,300. There are multiple reasons for this decrease, such as increases in building repairs and maintenance as well as ministry supplies. These types of expenses increase due to unexpected repairs resulting from water leaks and increase ministries’ in-person activity. On the positive side, our parishioners’ contributions increased by $104,000. Showing once again, how extremely fortunate we are to have a strong faith community willing to help spread the good news of Jesus Christ by sharing the gifts God has given us: time, talents, and treasures. Our Fiscal Year 2021-2022 Comparative Financial Statements are under DOCUMENTS in the left column.
Our parish continues to grow, and our facilities continue to age. We are experiencing growing and aging pains that are not being adequately addressed. We need to get our basic expenses covered before we can effectively address our future needs. If you have not been contributing, kindly and prayerfully consider assisting your faith community. Holy Spirit Parish is our spiritual home, please help us take good care of our home.Statement of Cash FlowJuly 2021 through June 2022Cash as of July 1, 2021 $ 483,677 Revenue from Operations Sunday & Holy Day Collections $ 1,258,899 Festival Proceeds 72,275 Future Fund 32,928 Paycheck Protection Loan Forgiveness 182,690 Restricted Funds 93,114 Other Revenue 92,692 Gross Revenue $ 1,732,598 Operating Expense Compensation and Benefits $ 896,494 Assessment & Charitable Gifts 191,090 Maintenance, Equipment & Supplies 314,885 Other Expenses 238,286 Total Expenses 1,640,755 Net Income 91,843 Adjustments to Net Income Change in Loans Payable (182,690) Other Changes 16,007 Net Adjustments to Net Income (166,683) Net cash provided by Investing Activities (50,428) Net cash resulting from Adjustments & Activities (217,111) Cash as of June 30, 2022 $ 358,409 -
PARISH BUSINESS OFFICE
The Business Office manages the financial and physical assets of the parish. In administering the operational requirements, this office prepares the budget and executes control over expenses and purchases. It is also the point of contact to the Diocese of Dallas relating to financial management, fundraising & development, contract implementation, facility management and human resource administration.
PARISH NURSERY (Temporary Closed Due to Pandemic)One area supervised directly by the Office of Business Administration is the nursery and its staff. Our nursery enables parents to have confidence that their children are well cared for in a safe environment while they devote their attention to Sunday Mass and church sponsored programs and activities. Child Care Coordinator/Nursery Director, Sharon Bush's goal is to make sure that children's church times are happy times.
PARISH FESTIVALWe have one major fund raiser a year. We like to think of it as a "fun raiser." In the past, the parish festival, which is held on Saturday of the last full weekend in September, provides much needed funds to supplement the generosity of our parishioners. Here is one activity with a place for every volunteer in the parish. Get involved and have fun!
Can. 532 In all juridical matters, the parish priest acts in the person of the parish, in accordance with the law.
Can. 537 In each parish there is to be a finance committee to help the parish priest in the administration of the goods of the parish, without prejudice to can. 532. It is ruled by the universal law and by the norms laid down by the diocesan Bishop, and it is comprised of members of the faithful selected according to these norms.
