ST. AGNES CHURCH

STATEMENT OF REVENUE AND EXPENSES

YEAR ENDED JUNE 30, 2007

Church/Rectory School/Convent

Revenue:

Sunday, holydays and special collections $633,987

Christmas collection 55,359

Easter collection 42,118

Interest income 17,798

Bazaar and other fund raising - net 22,010 56,842

Gifts, donations and candles 45,817 7,271

Tuition income and fees 699,292

Subsidy received from church 198,762

Religious education 47,575

AAA rebate 5,140

Other income 60,829 4,038

Total revenues $930,633 $ 966,205

Expenditures:

Salaries, payroll taxes and benefits $359,467 $ 786,371

Religious education supplies 30,351

Rectory expenses 22,548

Contracted services 66,421 38,788

Insurance 8,172 7,196

Utilities 39,982 36,601

Supplies and materials 61,912 69,396

Other expenses 63,871 4,601

Repairs and maintenance 24,076 3,572

Diocesan assessments 79,582

Church subsidy to school 198,762

Equipment and furnishings 13,934 19,680

Total expenditures $969,078 $ 966,205

Net deficit $ (38,445) $ -0-