Click HERE to see a spreadsheet showing the monthly net cash flow for fiscal year 2019. 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.
We had a great start to fiscal year 2019 in July, thanks to an unusually high offertory and generous donations in that month. August's negative net cash flow reflects the three (bi-weekly) pay days of that month, in contrast to the usual two pay days. September's net cash flow was outstanding, since it reflects the sale of a house that was bequeathed to St. Francis by a generous parishioner. This infusion of funds seems providential, given the major roof-repair needs of both St. Francis and Corpus Christi School. October was another good month in terms of cash flow, largely because of a great offertory collection. Over the long haul, we need to work to keep our net cash flow positive to help us to accumulate reserves for those major maintenance-and-repair projects that will inevitably come our way.
The staff works hard to manage our resources well. Check back here to see how we're doing throughout FY 2019. 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.