Church Financial Report

The Financial Statement found below is a testimony to the generosity of St. Clement Parishioners. During the difficult pandemic years we manage to pay off our entire parish debt, and to pay for the paving of the parking lot. We thank all those who continued to send in weekly offerings, even when prevented from attending Mass by covid restrictions. You are a wonderful and amazing community!

St. Clement Church
Statement of Receipts & Disbursements
For the Period January 1 to December 31, 2022

	Operating Fund	Maintenance Fund	Total
RECEIPTS:
Church Receipts
Offertory	465,774.67		465,774.67
Baptisms, Marriages, Funerals	4,600.00		4,600.00
Mass Offerings	12,480.00		12,480.00
Other Donations
Flowers/Decor	3,170.00		3,170.00
Hall Revenues	2,008.00		2,008.00
Interest	552.59		552.59
Parish Programs Receipts	8,080.00		8,080.00
Sundry Receipts
HST Rebate	25,977.60		25,977.60
Wage subsidy rebate	2,882.32		2,882.32
Candles/Missals Sales	12,977.00		12,977.00
Security Grant plus Miscellaneous	24,659.12		24,659.12
Maintenance Fund		38,154.50	38,154.50
TOTAL RECEIPTS	563,161.30	38,154.50	601,315.80
PAYMENTS:
Church Expenses
Salaries	151,598.73		151,598.73
Office Supplies, Services	17,445.93		17,445.93
Taxes, Insurance, Hydro, Heating	28,450.78		28,450.78
Repairs and Renewals	40,486.57	13,634.79	54,121.36
Music Ministry	42,325.00		42,325.00
Grounds Maintenance	26,697.33		26,697.33
Liturgical, Mass Expenses	9,333.60		9,333.60
Other (flowers/decor, unann. Masses)	2,766.74		2,766.74
Rectory Expenses	33,628.63		33,628.63
Diocesan & Hospital Assessment	58,484.00		58,484.00
Clergy Health/Pension Assessment	11,535.00		11,535.00
Interest on Loan	1,017.90		1,017.90
Sundry Expenses
Parish Programs	8,108.14		8,108.14
HST Paid	25,344.00		25,344.00
Security plus Miscellaneous	28,020.90		28,020.90
Furnishings/Equipment	20,724.13		20,724.13
TOTAL PAYMENTS	505,967.38	13,634.79	519,602.17

EXCESS/(SHORT)	57,193.92	24,519.71	81,713.63
			================

Notes to P&L for Period of January 1 to December 31, 2022

Special Collections	B/F	Received	Disbursed	Owing
Canadian Missions	20.00	1,986.00	1,986.00	20.00
World Mission	-	4,004.50	4,004.50	-
Humanitarian Relief	-	895.00	895.00	-
Marygrove Camp	5.00	2,985.25	2,985.25	5.00
Mission Co-Op	-			-
Needs of the Canadian Church	-	2,606.00	2,581.00	25.00
Holyland	-	4,674.00	4,674.00	-
Papal Charities	-	2,575.00	2,575.00	-
Sharelife	7,751.58	127,783.00	133,771.58	1,763.00
Shepherd's Trust	204.00	10,714.00	10,819.00	99.00
Other Special collections		4,725.80	4725.8	-
TOTALS	7,980.58	162,948.55	169,017.13	1,912.00
				================
Parking Lot Project		Received	Disbursed	Total
	from Parish Funds	97,969.50	(142,215.90)	(44,246.40)
	from Maintenance Funds	13,634.79		13,634.79
	from Family of Faith	30,611.61	-	30,611.61
	Total	142,215.90	(142,215.90)	-
				================
Maintenance Fund	B/F	Received	Disbursed	Balance
	39,436.58	38,154.50	(13,634.79)	63,956.29
				================

Bank Loan re Rectory			Chancery Loan (interest-free) re Elevator
February 2007	borrowed	551,336	August 2017	borrowed	250,000
Year 2009 to 2017	paid	(270,962)	Year 2017	paid	(8,753)
Year 2018	paid	(63,753)	Year 2018	paid	(57,752)
Year 2019	paid	(62,925)	Year 2019	paid	(62,925)
Year 2021	paid	(51,232)	Year 2021	paid	(51,232)
Year 2022	paid	(102,464)	Year 2022	paid	(69,338)
	Balance Owing	-		Balance Owing	-