Maronite Voice - Eparchy of Saint Maron of Brooklyn

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The Eparchy of Saint Maron of Brooklyn Publishes Its Financial Report For The Fiscal Year 2006 Prot. No. 403/1/07 Circ. No. 07.12 A Letter From Bishop Gregory Mansour Dear Brothers and Sisters in Christ: Enclosed, please find the 2006 Eparchial Financial Report, including the Balance Sheet and the Schedule of Income and Expenditures. The Eparchial Finance Council has reviewed this report and has done superb work in making our financial situation stronger and more transparent. This year, we had the Chancery audited by an outside firm and we had our Cathedral done as well. Currently, we are in the process of having all parish financial statements reviewed for the past five years. We hope this effort will meet our obligations to be trustworthy stewards of that which is entrusted to us. The EparchialFinancial Reportshows a loss for the fiscal year 2006 in Ordinary Income. This was due to the extra expenses of the priest retirement fund and the extraordinary renovations of the Seminary. Thankfully, this year it was covered by Gains on Investments. I want to thank each of you who have trusted your parish and Eparchy with your time, talent and treasure. With God’s grace, we improve every year in our ability to serve those who invest so much love and material gifts for the work of Christ’s Church. With prayerful best wishes, I remain Sincerely yours in Christ, +Gregory J. Mansour Balance Sheet As of December 31, 2006 ASSETS Current Assets Checking/Savings General Operations 369,338.36 Health Checking 256,730.83 Priest Retirement Checking 38,654.79 Rafka Retreat Center Checking 1,027.50 Total Checking/Savings Accounts Receivable 665,751.48 41,572.60 Total Current Assets 707,324.08 Fixed Assets Buildings/Land 2,613,659.00 Chancery Auto (estimated value) 8,000.00 Total Fixed Assets 2,621,659.00 Other Assets Restricted Funds Bishop Retirement 252,818.84 Endowment 714,332.94 Hermits of Jesus 399,993.34 Joe Shaheen 718,215.88 Order of St. Sharbel 1,155,097.09 Pawtucket 1,584,040.02 Priests Retirement 2,171,496.53 Rafka Retreat Center 189,761.05 Woody & Webby Mass Fund 4,619.09 Total Restricted Funds 7,190,374.78 TOTAL ASSETS 10,519,357.86 EQUITY Opening Bal Equity 10,264,618.62 Current Year's Additions 254,739.24 Total Equity 10,519,357.86 Ordinary Income/Expense January-December 2006 Income Bishop Appeal Income 151,859.00 Assessments of Parishes 375,300.35 Checking Account Interest 2,419.40 Donations 13,520.00 Exchange 10,026.94 Grant Writing Income (Br Simon) 6,300.00 Health Insurance Contributions 877,788.31 Home Missions Grant 104,500.00 Insurance Rebate 12,900.89 Lebanon Assistance Income 403,640.05 Liturgical Books 5,400.00 Maronite Voice Grant 8,000.00 Miscellaneous Income 1,456.20 Order of St Sharbel - Annual 52,395.00 Order of St Sharbel - Perpetual 31,250.00 Patriarch Visit 5,850.00 Priests Retreat 1,675.00 Restricted Funds Dividends 205,704.09 Retirement Account Income. 211,909.62 Second Collections Catholic Charities Collection 8,856.78 Catholic Comm. Collection 6,892.68 Catholic University Collection 8,561.15 Holy Father Collection 9,751.36 Holy Land Collection 10,828.18 Home Missions Collection 7,859.25 Patriarchal Charities Collection 11,639.19 Pawtuckett Church Shrine Collection 22,445.00 9,980.25 World Mission Sunday Income 10,601.50 The Maronite Voice Volume III Issue No. VII Page 10 July 2007
Seminary Renovations 237,873.45 Sisters of Christ the Light Travel Reimbursement 500.00 1,537.18 Tribunal Income 985.00 Total Income 2,830,205.82 Expenses Assistance. 17,100.00 Bishops' Conferences Expense Eastern Catholic Encounter 3,189.51 Lebanon 5,996.00 NY STATE 1,400.00 USCCB 5,567.00 Capital Campaign 10,000.00 Catholic University Cedars Project 7,500.00 Chancery Auto Gas Repair, Etc. 22,875.70 Clergy Salaries 62,400.00 Computer Software 1,269.30 Equipment Lease 7,233.00 Equipment Maintenance 1,539.94 FICA Reimbursement 4,612.00 Insurance 35,566.12 Liturgical Books 6,660.00 Liturgical Translation 2,500.00 Office of Ecumenism 500.00 Medical Expense 2,481.99 Miscellaneous Expense 2,148.39 Secretarial Net Payroll 37,857.70 Office Expense 9,638.26 Payroll Taxes 23,924.37 Pension Plan 4,500.00 Periodicals/Books 1,085.83 Postage & Shipping 9,488.53 Printing 2,750.00 Public Relations 3,973.19 Repair & Maintenance 5,565.35 Telephone 7,640.48 Total Travel 13,090.70 Utilities 11,241.10 Charter For Child Protection 7,084.10 Maronite Voice. 36,792.00 Donation To Others 2,230.00 Exchange 10,026.94 Grant Writing Exp. (Br. Simon) 5,090.40 Health Insurance Expenses 756,540.95 Hermit of Jesus Expense 46,970.95 Home Missions Grant Expense 43,500.00 Lebanon Assistance Expense Maronite Census 383,545.05 8,418.42 Maronite Youth Office Ministries Office 3,000.00 1,316.65 Patriarch Visit 2006 Expense 41,361.99 Professional Fees Accountant 2,375.00 Immigration 875.00 Lawyer 22,337.19 Psychologist 6,560.00 Rafka Retreat Center Salary 26,400.00 Religious Supplies 1,750.80 Residence Furnishings Household Expense 8,899.99 28,884.78 Household Salary Net Repairs & Maintenance 1,681.40 23,070.93 Subscription 1,024.58 Table Expense 6,160.14 Telephone 3,682.75 Utilities 11,190.14 Water Tax 1,683.66 Restricted Funds Expenses 32,464.73 Retired Bishops Residence 2,130.00 Retirement Account Expenses 362,109.10 Second Collections Catholic Communications 3,227.84 Catholic University Expense 16,131.05 Holy Father 9,751.36 Holy Land 10,658.18 Home Mission 7,859.25 Maronite Patriarchal Expense 11,152.09 National Shrine 9,654.25 Pawtuckett Church Expense 44,787.30 United Catholic Charities 8,856.78 World Mission Sunday 19,325.19 Seminary Renovations Expense 248,985.00 Seminary Renovations from Investments 330,000.00 Seminary Expenses Bishop Appeal Disbursement 63,705.12 Catholic Home Missions Grant 21,500.00 Order of St. Sharbel 63,250.98 Seminary Expense General Op. 47,550.00 Sisters of Christ the Light Exp 500.00 Special Events 3,351.77 Tribunal 115.00 Vocations Office 864.49 Total Expense 3,141,677.75 Ordinary Income -311,472.03 Extraordinary Gains on Investments 566,211.27 Excess of Income Over Expenses 254,739.24 The Eparchy of Our Lady of Lebanon will publish its own financial report in the very near future. The Maronite Voice Volume III Issue No. VII Page 11 July 2007
Page 1 and 2: The Maronite Voice A Publication of
Page 3 and 4: Houston, Texas Presidential Medal o
Page 5 and 6: St. Paul, Minn. Holy Family Church
Page 7 and 8: Deacon Anthony P. Khoury Celebrates
Page 9: Danbury, Conn. St. Anthony’s Scho
Page 13 and 14: First Holy Communion in The Maronit
Page 15 and 16: First Holy Communion in The Maronit
Page 17 and 18: Maronite Outreach Honors its Volunt
Page 19 and 20: 44 th Annual Maronite Convention Ab

Maronite Voice - Eparchy of Saint Maron of Brooklyn

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