INCOME

A B C D E F
1 Newman Hall - Holy Spirit Parish
2 Income and Expense
3
4
5 Year Ended December 31
6 2007 2006
7 OPERATING INCOME
8 PLATE COLLECTIONS
9 SUNDAYS AND HOLY DAYS $ 561,919.65 $ 598,152
10 CATHOLIC VOICE 293.00 1,126
11 OTHER RESTRICTED PLATE COLLECTIONS 31,745.84 32,937
12 TOTAL PLATE COLLECTIONS 593,958 632,215
13
14 UNRESTRICTED DONATIONS 39,885 75,225
15
16 RESTRICTED DONATIONS 1,792 2,100
17
18 INCOME FROM PROGRAMS/MINISTRIES
19 RELIGIOUS EDUCATION/CCD 18,274 16,091
20 MARRIAGE PROGRAMS 2,700 2,150
21 ADULT FORMATION / EDUCATION 2,246 3,424
22 CAMPUS MINISTRY 6,974 9,383
23 LOAVES & FISHES 59,289 -
24 TOTAL INCOME PROGRAMS/MINISTRIES 89,483 31,047
25
26 INTEREST INCOME
27 RESTRICTED INTEREST 1,735 2,975
28 UNRESTRICTED INTEREST 19,813 15,656
29 TOTAL INTEREST INCOME 21,548 18,630
30
31 OTHER INCOME 25,109 28,711
32
33 TOTAL OPERATING INCOME $ 771,775 $ 787,929
34
35 EXPENSES
36 ADMINISTRATION
37 PERSONNEL COSTS $ 90,523 $ 80,581
38 PROFESSIONAL FEES 17,191 12,800
39 DIOCESAN ASSESSMENT 50,240 40,410
40 CATHOLIC VOICE ASSESSMENT 9,702 9,756
41 INSURANCE 46,003 31,898
42 OTHER ADMINISTRATION 30,437 32,089
43 TOTAL ADMINISTRATION 244,096 207,533
44
45 BUILDING, GROUNDS & EQPT. MAINTENANCE
46 PERSONNEL COSTS 34,852 25,719
47 UTILITIES/SECURITY 35,932 36,929
48 PROPERTY TAX 1,182 1,426
49 REPAIRS, UPKEEP, SUPPLIES AND OTHER 33,788 37,812
50 TOTAL BLDG,GROUNDS & EQPT. MAINT. 105,754 101,886
51
52 PRIESTS/RECTORY LIVING
53 PERSONNEL COSTS 121,560 114,721
54 OTHER RECTORY LIVING 23,297 23,395
55 TOTAL PRIESTS/RECTORY LIVING 144,857 138,116
56
57 LITURGY AND MUSIC 106,103 102,637
58
59 RELIGIOUS EDUCATION/CCD 70,512 73,535
60
61 PROGRAM EXPENSES
62 MARRIAGE PROGRAMS/PREPARATION 1,123 1,686
63 OTHER SACRAMENTAL PREPARATION 819 455
64 COFFEE & DONUTS/HOSPITALITY 8,560 7,279
65 COMMUNITY GIFT 5%/OTHER CHARITY 38,082 33,988
66 CAMPUS MINISTRY 43,431 27,816
67 LOAVES & FISHES 48,658
68 OTHER MINISTRIES 10,740 7,438
69 TOTAL PROGRAM EXPENSES 151,413 78,663
70
71 DEPRECIATION EXPENSE 39,250 47,996
72
73 TOTAL OPERATING EXPENSES $ 861,984 $ 750,365
74
75 NET OPERATING INCOME (LOSS) $ (90,209) $ 37,564
76
77 FUNDS FROM CAPITAL CAMPAIGN FOR
78 RETROFIT AND CAPITAL IMPROVEMENTS - -
79
80 TRANSFER TO (REDUCTION FROM) RESERVE $ (90,209) $ 37,564

BALANCE

A B C D E F G H I
1 Newman Hall - Holy Spirit Parish
2 Balance Sheet
3
4 Dec. 31, 2007 Dec. 31, 2006
5 ASSETS
6 Current Assets
7 Unrestricted Cash/Savings $ 448,328 $ 470,374
8 Restricted Cash 53,809 54,358
9
10 Total Cash 502,137 524,732
11
12 Fixed Assets
13 Furnishings and Equipment 102,207 101,192
14 Building and Improvements 868,387 865,087
15 970,594 966,279
16
17 Less Accumulated Depreciation 257,931 218,681
18
19 Total Fixed Assets 712,663 747,597
20
21 Total Assets $ 1,214,800 $ 1,272,329
22
23
24
25 LIABILITIES AND RESERVE
26 Funds Held for Others $ 2,107 $ -
27 Clearing 32,979 2,140
28
29 Total Liabilities 35,086 2,140
30
31 Total Parish Reserve $ 1,179,714 $ 1,270,189
32
33 Total Liabilities Plus Reserve $ 1,214,800 $ 1,272,329
34
35
36 Notes to the 2007 Financial Statements:
37
38 Records are kept on a cash basis. Starting in January 2007, Loaves & Fishes
39 income and expenses became parish budget line items.