Holy Trinity Parish
January – April 2023 Financial Report
Comparison to Budget
| 2023 | Budget | |
| Ordinary Revenue | ||
| Regular Sunday Donations | 141,151 | 138,333 |
| Christmas/Easter | 4,845 | 7,800 |
| Initial Offering | 1,263 | 1,500 |
| Parish Development Fund | 5,857 | 5,000 |
| 153,116 | 152,633 | |
| Extraordinary Revenue | ||
| Adult/Children/Youth Ministry | 1,483 | 1,333 |
| Fundraising(1) | 11,955 | 2,000 |
| Community & Shelter Donations | 1,600 | 2,000 |
| Books/Flowers/ Religious Items/Candles | 2,047 | 633 |
| Diocesan Collection Rebates | 1,117 | 1,000 |
| Interest on deposit(2) | 11,608 | 9,750 |
| Room & Board | 15,280 | 14,933 |
| Other Donations/Bequest/Stole Fees | 10,994 | 3,920 |
| Assistance from Diocese(3) | 10,000 | 10,000 |
| 66,083 | 45,570 | |
| Total Revenue | 219,200 | 198,203 |
| Expenses | ||
| Church/Residence Operating Expenses | ||
| Insurance/Property Tax | 13,913 | 14,867 |
| Utilities | 20,700 | 29,883 |
| Cleaning/Snow removal | 14,540 | 15,700 |
| Maintenance/Supplies | 8,336 | 3,936 |
| Household expenses | 3,210 | 6,667 |
| 60,700 | 71,053 | |
| Administration | ||
| All salaries & benefits(4) | 129,579 | 107,505 |
| Office expenses & supplies | 12,874 | 10,700 |
| 142,453 | 118,205 | |
| Programs | ||
| Alpha/Faith Studies | 673 | 1,233 |
| Liturgy/Music Ministry | 3,889 | 2,833 |
| Adult/Children/Youth Ministry | 2,644 | 2,100 |
| Care & Companionship Ministry | 0 | 350 |
| Hospitality Ministry | 184 | 167 |
| Leadership Development | 231 | 1,667 |
| Fundraising | 1,000 | 273 |
| 8,621 | 8,623 | |
| Diocesan Assessment | 20,290 | 21,333 |
| Total Expenses | 232,063 | 219,214 |
| Net Income(5) | -12,863 | -21,011 |
Notes:
- Fundraising income is mostly from the Lenten Appeal; however, the budget was spread over the entire year
- Interest is over budget because the Archdiocese raised the interest rate they are paying
- Archdiocese is providing $30,000 this year in financial assistance
- Salaries are over budget currently due to a labour issue with a past employee. It’s shown here for
transparency, but this will not impact our overall operating budget - Our overall yearly budget is for an $11,000 loss. However, the budget is front loaded with expenses such as snow clearing, heat, etc that are higher in the Jan-Apr time frame vs the rest of the year. For comparative purposes, straight-lining our budget would show a loss of only $3938.55 to date
