Click HERE to see a spreadsheet showing the monthly net cash flow for fiscal year 2017. Also shown are offertory, total receipts, and total expenditures for each month. Cash-flow figures are broken down between those related to the Capital Stewardship Campaign, Growing our Faith, and general (everything else). Like most households, our cash flow varies from month to month. Some types of income and expenditures are very regular, some highly seasonal, and some sporadic. The spreadsheet indicates the number of weekend deposits in each month to help explain variations in offertory and the number of (bi-weekly) paydays in each month to help explain variations in total spending.
Our year-to-date offertory is now slightly above budget, and we have been receiving generous donations (nearly $106,000 so far this fiscal year). Also, the lack of snow is keeping our snow-plowing bills down. So, although we paid the $25,100 cost of repairing the bell tower in October and nearly $11,000 to replace our office boiler in December, our year-to-date net general cash flow is a healthy $47,140. Moreover, we're receiving monthly installments on our CSA rebate, and these offset the cost of the bell-tower repairs. If we're able to end the year with positive cash flow, that will help us begin to reserve funds for future major plant expenses. Thank you to all who keep this parish afloat financially.
You might notice that we've been spending quite a bit of our capital-campaign funds. This spending includes includes new carpeting for the gathering space, new door access controls and a new fire-alarm panel to make our buildings more secure, and our share of the cost of major repairs of the masonry of Corpus Christi School. We are grateful to all who contributed to the capital campaign so that these needs could be met.
The staff works hard to manage our resources well. Check back here to see how we're doing throughout FY 2017. It takes a while to close the books for the month, so results for each month will appear near the end of the following month.
Those familiar with basic accounting principles should note the following. Our parish uses the accrual method of accounting. For the results presented here, we use the term "cash" loosely. Thus, "cash receipts" consist of all income recognized under the accrual method. "Cash expenditures" consist of all expenses recognized under the accrual method, less depreciation expense, plus capital outlays.