The Finance Committee assists Monsignor in the administration of the temporal goods (i.e. material or tangible assets, including building, property and finances) of the parish and to enable the parish to fulfill its mission in the diocese, but not with a decision-making function.

The object of the committee is to attain a financial visibility that will not only sustain the needs and requirements of the Parish, but will assist in maintaining a financially healthy Diocese.

It is always important to plan for the future.

Finance Committee members

Mary McAuliffe (Chair), Doug Enman, Marie Burchill, Pat Brilliant, John Moore, Ray Lloyd, Joe Vautour, Alfred Babineau and Gerry Eldridge.

Our Lady of the Assumption Parish

Profit & Loss

January through December 2020

 

Income

Total Offertory Collection                                   209,192.08

Special Collection Receipts                                    8,270.00 

Other: Building Fund, New Freeman,

             Candles, Bank Int., Bequests

             Gov. Subsidy, Fundraising, Needy       73,540.21

Total Income                                                        291,002.29

         

Expenses

Church Expenses: Fuel – 19,076.41

   Electricity – 3,233.74, Insurance – 17,756.77 

   Altar/Sanctuary –4,180.14, other – 15,586.87    59,833.93                               

Repairs & Maintenance:

 (Plowing, Mowing & Shovelling)                           7,954.96

Office (photocopier, supplies)                                  3,225.61

Hall Fuel                                                                 5,402.86

Receiver General                                                  31,480.30

Rectory Expenses                                                           26,010.29

Religious Education                                                  162.24

Salaries: Pastor, Secretary, Organist

                Catechist/Caretaker

                Benefits: Blue Cross,

                Pensions (active & past)                      104,167.48

Special Collections Remitted                                 5,940.00

Other: Diocesan Assessment, Charity,

Bank Charges, New Freeman, Retreat

Fees                                                                       45,121.70                                                                                                       

Total Expenses                                                    289,299.37

 

Net Ordinary Income                                         $1,702.02