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IMMACULATE CONCEPTION CHURCH
BUDGET
FISCAL YEAR 2007/08
OPERATING INCOME
Tithes/Loose Collections
$ 618,500.00
Catholic Virginian Envelopes
1,950.00
Religious Ed Collection Envelopes
1,400.00
Bank Interest
16,000.00
TOTAL OPERATING INCOME
$ 637,850.00
OPERATING EXPENSES
Clergy
$ 54,533.00
(Salary, Substitute Clergy, Medical Insurance, Retirement,
Retreats,
Continuing Education, Automobile Expenses)
Rectory
14,688.00
(Groceries, Maintenance, Utilities)
Personnel
269,134.00
(Salaries for eight Employees, FICA, Disability Insurance,
Retirement,
Hospitalization for two Employees)
General Expenses
40,860.00
(Office Expenses, Kitchen Supplies, Bathroom Supplies, Parish Life
Expenses, Doughnuts, Funeral Receptions, monies transferred to
Replacement Reserve Account)
Worship/Liturgy Expenses
13,575.00
(Music Supplies, Staff Member Continuing Ed, Decorations, Hymnals,
Ministers of Care Expenses, Candle Supplies, Palms, Ashes, Hosts)
Adult Faith Formation
15,475.00
(Staff Member Continuing Ed and Meetings, Adult Ed Programs,
Books and Videos, RCIA)
Religious Ed Expenses
10,400.00
(Staff Member Continuing Ed and Meetings, Catechist Training,
Religious
Ed Program Books and Supplies, Sacraments Materials,
Volunteer Screening)
Senior Youth Group Expenses
3,080.00
(Partial Subsidizing of Retreats and Conventions)
Social Ministry Expenses
25,280.00
(Parish Twinning, Bag Lunch Program, Financial Assistance, A
Night’s
Welcome, Just Faith, Empower Hampton Roads, Faith in Action,
Young At Heart)
Assessments from Diocese
121,827.00
(Cathedraticum and Catholic Virginian Tax, Insurance, Subsidy to
two
area Catholic Schools)
Church Utilities
39,200.00
Church Building and Equipment Repairs/Maintenance
29,798.00
TOTAL OPERATING EXPENSES
$ 637,850.00
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