Parish of the Holy Trinity Hudson

Budget Plan for the Fiscal YearJuly , 2012 – June 30, 2013

INTRODUCTION

Holy Trinity Parish came into existence through the merger of the Church of the Resurrection, Germantown and St. Mary’s Church, Hudson on July 1, 2009. Although Holy Trinity Parish is one unit, we still maintain separate financial records for each worship site (Resurrection and St. Mary’s). However, our financial documents submitted to the Roman Catholic Diocese of Albany show the combined operations from Holy Trinity Parish.

As you proceed through the explanations related to our Proposed Budget (hereafter referred to as the Budget) for the Fiscal Year 2012- 2013 you will see information related to each worship site as well as their combined numbers for Holy Trinity Parish.

The Budget is prepared by the staff of both worship sites and submitted to the Finance Committee for review and modifications where necessary. The Finance Committee consists of six chosen lay members from the Parish at large (three from each worship site), the President of the Parish Council, and the Pastor.

If you have questions concerning any aspect of the Budget you may contact members of the Finance Committee, Deacon Charles O’Neill, Financial Manager, or Arlene Leipshuts, Bookkeeper. The last slide of this presentation lists the names, phone numbers and e-mail addresses of the people to contact.

OVERALL BUDGET CONSIDERATIONS

The following points may be helpful in your understanding as to how we arrive at the budget numbers being presented:

Salaries are based on increases set by the Diocese.

Benefits are based on those required by law and those offered by the Diocese to employees, such as health insurance, life insurance, and pension. Those benefits required by law are items such as disability insurance, worker’s compensation and unemployment insurance.

There are contracts the Parish has with outside vendors which are based on negotiated contracts.

Utility costs are determined by vendors and are rather inflexible. Our utility provider for electricity and gas is National Grid.

Comparative Budgets for Period Indicated

Proposed forBudget Year Budget Year

7/1/2011- 7/1/2012- Increase06/30/12 06/30/13 (Decrease)

Receipts

Collections:St. Mary's Church $325,413 $334,005 $8,592Resurrection Church 87,127 78,800 (8,327)

Assessable income:St. Mary's Church 19,750 19,550 (200)Resurrection Church 4,000 2,500 (1,500)

Non-assessable income:St. Mary's Church 22,300 29,300 7,000Resurrection Church 9,850 8,225 (1,625)

Total receipts $468,440 $472,380 $3,940

Expenses:

Salaries:St. Mary's Church $161,039 $172,150 $11,111Resurrection Church 51,284 26,069 (25,215)

Benefits:St. Mary's Church 39,543 43,341 3,798Resurrection Church 10,845 6,718 (4,127)

Office, altar & household expensesSt. Mary's Church 23,150 23,123 (27)Resurrection Church 3,300 4,875 1,575

Maintenance, Utilities & repair expenses:St. Mary's Church 113,540 112,000 (1,540)Resurrection Church 24,488 33,308 8,820

Other support services:St. Mary's Church 16,241 17,541 1,300Resurrection Church 5,460 6,460 1,000

Diocesan assessment & other miscellaneous expenses:St. Mary's Church 8,950 9,700 750Resurrection Church 1,350 1,495 145

Equipment and fixed asset expenses:St. Mary's Church 0 0 0Resurrection Church 200 5,600 5,400

Contingency & ArrearsSt. Mary's Church 5,000 5,000 0Resurrection Church 4,050 5,000 950

Total Expenses $468,440 $472,380 $3,940

PROJECTED FIXED EXPENSES FOR OPERATIONS 2012- 2013

FIXED EXPENSESS ARE THOSE BUDGET ITEMS WHICH MUST BE MAINTAINED IF A WORSHIP CENTER ISTO REMAIN OPEN. WE ARE A SERVICE BENEFIT AND THEREFOR IT IS NOT SURPRISING THAT THE LARGEST SEGMENT OF COSTS FOR EACH WORSHIP SITE IS SALARY AND BENEFITS.

EXPENSE CATEGORYSAINT HOLY

MARY'S RESURRECTION TRINITY

SALARIES $172,150 $26,069 $198,219BENEFITS 43,341 6,718 50,059

TOTAL SALARY & BENEFITS $215,491 $32,787 $248,278SALARY & BENEFITS AS A PERCENT OF TOTAL BUDGET 56% 37% 53%

UTILITIES (GAS, OIL, ELECTRIC, SEWER & WATER $44,340 $18,038 $62,378CONTRACTED SERVICES (ENVELOPES,

SNOW REMOVAL, LAWN CARE, COMPUTER SERVICES) 14,500 850 15,350

INSURANCE (FIRE, AUTO, LIABILITY, ETC) 48,000 11,070 59,070SCHOOL ASSESSMENT (DIOCESE EXPENSE) 9,500 1,200 10,700

TOTAL FIXED EXPENSES (INCLUDING SALARY & BENEFITS) $331,831 $63,945 $395,776

PERCENT OF TOTAL BUDGET 87% 71% 84%