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St. Charbel Church Mississauga

St. Charbel Church Mississauga. Finance Committee 2010 - 2011. Financial Reporting . Our Presentation is broken down into Three segments: 1 – Sources of Funds and Income 2- Operating Costs and Expenses 3- Long Term Study for a New Church.

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St. Charbel Church Mississauga

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  1. St. Charbel ChurchMississauga Finance Committee 2010 - 2011

  2. Financial Reporting • Our Presentation is broken down into Three segments: 1 – Sources of Funds and Income 2- Operating Costs and Expenses 3- Long Term Study for a New Church

  3. Sources of Funds and Income July 2010 – Sept. 2011 • Weekly Sunday Collections = $ 42,473.27 • Parties throughout the Year = $ 10,563.11 • Bulletin and Advertising = $ 1,050.00 • Donations = $ 4,000.00 • Hall income (coffee/ Pastry) = $ 903.27 • Masses, Rosary, Weddings, etc. = $ 961.00 • Pledges & Founder Seed Money = $ 6,000.00 Total of = $65,950.65

  4. Operating Costs and ExpensesJuly 2010 – Sept. 2011 • Church Rental Fee = $ 0 • Priest Salary and Expenses = $ 23,500.00 • Priest residency = $ 12,000.00 • Furniture and House hold = $ 6,620.00 • Church Supplies, Wardrobe, Sports, office supplies, Priest Assistance = $ 11,278.43 • Church Registration & Diocese = $ 500.00 Total = $55,398.43

  5. Net Income (2010 – 2011) Revenue Expenses • Collections • Parties • Bulletin • Donations • Coffee & Pastry • Special Masses • Pledges and Founder Seed • Etc… TOTAL Revenue = $65,950.65 Net Income • Salaries • Resident • Church Rent • Diocese • Office • Registration • Etc… TOTAL Expenses = $55,398.43 $10,552.22

  6. LONG TERM PROJECT Step 1: Short term Goal Step 2: Ultimate Goal • Buying an existing Church or Industrial building • Requires a good down Payment • Guarantor • Balance sheet • Depending on cost of the Church • It is possible with 25% down • Example of a solution: 100 families @ $3000 each = $300,000 • Building our own Church • A long process • Expensive • We will need money upfront • High interest rate for commercial land • Its duable if all puts our hand together to build for our kids future

  7. Plan for Generating Funds • 1. Pre-authorized monthly giving: Personal and Businesses • 2. Golf Tournament July 2012 • 3. Major Fundraising Party • 4. Businesses outside the community

  8. St. Charbel ChurchMississauga • Our SHORT TERM GOAL is to continue supporting and maintaining a STATUS QUO of the existing church. • Our LONG TERM GOAL is for one day (WE HOPE SOON) to have our OWN CHURCH with all its necessary facilities. • Keep in mind that we are building for the next generation “ OUR KIDS “. • God Bless You All.

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