Parish Chart of Accounts

Diocese of Bridgeport Parish Chart of Accounts QuickBooks 2007 PRO Version Software August 2007 Chapter VI: Appendix Control Accounts Diocese o...
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Diocese of Bridgeport

Parish Chart of Accounts

QuickBooks 2007 PRO Version Software

August 2007

Chapter VI: Appendix

Control Accounts

Diocese of Bridgeport Parish Chart of Accounts 2007

4000

OTHER REGULAR REVENUE

OFFERTORY COLLECTIONS (SUBJECT TO CATHEDRATICUM)

5600

5500

5400

5300

5200

5100

5000

DEPRECIATION

PROPERTY TAXES (ONLY APPLICABLE TO RENTAL PROERTY)

INTEREST

UTILITIES

SUPPLIES, REPAIRS, MAINTENANCE & OTHER SERVICES

PROFESSIONAL FEES AND INSURANCE

CONTRIBUTIONS AND ASSESSMENTS

COMPENSATION AND BENEFITS

Church Programs

Religious Education

X

Other Parish Activities (1)

X

Do not assign revenues to this class

General & Fundraising (2) Administrati ve (3)

X

Expense items must be assigned to a class(es)

Do not assign revenues to this class

Rectory

Pastoral & Liturgical Services

DIOCESE OF BRIDGEPORT PARISH CHART OF ACCOUNTS REVENUES & EXPENSES

4000

4100

UNUSUAL (NON-SCHEDULED) REVENUE

CHANGES IN UNRESTRICTED NET ASSETS REVENUE old a/c #

4100

4200

5700

UNCATEGORIZED

EXPENSES

6000

CHANGES IN TEMPORARILY RESTRICTED NET ASSETS

Offertory and Misc. Rev.

X

X

X

Do not assign expenses to this class

Chapter VI: Appendix

7000

TEMPORARILY RESTRICTED CONTRIBUTIONS

PERMANENTLY RESTRICTED CONTRIBUTIONS

Pastoral & Liturgical Services

Diocese of Bridgeport Parish Chart of Accounts 2007

CHANGES IN PERMANENTLY RESTRICTED NET ASSETS 8000

1. Nursery School, Child Care, Cemetery, Rental Properties and Social Activities of Parish Organizations 2. Fund aising Activities of Parish Organizations and Other e.g. Carnivals 3. Includes Buildings & Grounds

Religious Education

Other Parish Activities (1)

General & Fundraising (2) Administrati ve (3)

X

X

Offertory and Misc. Rev.

Chapter VI: Appendix

old a/c #

Control accounts

1st tier sub accounts

2nd tier sub accounts

CHANGES IN UNRESTRICTED NET ASSETS 4000 4010 SUNDAY 4020 HOLY DAY

Diocese of Bridgeport Parish Chart of Accounts 2007

Religious Education

4110 partial

Do not assign revenues to this class

X X

X

X

General & Offertory Other Parish FundraisAdministrativ and Misc. Activities (1) ing (2) e (3) Rev

"X" indicates classes most likely used for the corresponding revenue & expense account

DIOCESE OF BRIDGEPORT PARISH CHART OF ACCOUNTS REVENUES & EXPENSES Examples of transactions included in the account

Church Programs

Pastoral & Liturgical Services Rectory

Do not assign revenues to this class

X

X

Gross receipts from bingo

X X

Annual collection Collections designated for a parish's specific purpose e.g. parish needs, schools, flowers, heat, etc.

Gross receipts from Carnivals/Bazaars

X

4121 Bingo

Gross receipts from raffles

X

Collections which the Bishop has designated in writing as being exempt from Cathedraticum

Monthly collections including envelopes received in the mail and all other contributions received on a monthly basis e.g. credit cards and Automated Clearing House (ACH) receipts

Regular weekly collections including envelopes received in the mail Holy Day collections including envelopes received in the mail

OFFERTORY (collections subject to Cathedraticum)

REVENUE 4000 4010 4020

4040 ANNUAL

4030 MONTHLY

4030 4040

OTHER REGULAR REVENUE

4050 OTHER

4100

4050 4100

4110 EXEMPTED

4122 Carnivals/Bazaars 4123 Raffles

Gross receipts from sale of scrip vouchers

X

4120 FUNDRAISERS

4124 Scrip Voucher

Gross receipts from all other fundraisers and club and society events

4132 4133

4125 Organization Events

X

X

Other Fund Raisers and

4134 4260

Gross receipts for bulletin advertising

Unrealized gain or loss as a result of a sale and/or increase/decrease in the market value of securities held Net appreciation/ Depreciation in Market

4131 Value of Securities

X Gross receipts from nursery, preschool or day care services for the current period

Unrealized interest and dividends earned on savings, checking and investment accounts

4140 PRE-SCHOOL AND CHILD CARE SERVICES

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4132 Interest and Dividends

4130 INVESTMENT INCOME

4126 Bulletin Revenue

4060 4130 4131

X

4110 partial

4165, 5172, 4175

4150

4251

1. Nursery School, Child Care, Cemetery, Rental Properties and Social Activities of Parish Organizations 2. Fund Raising Activities of Parish Organizations and Other e.g. Carnivals 3. Includes Buildings Grounds

Chapter VI: Appendix

old a/c #

4250

4160 4170 4500

Control accounts

1st tier sub accounts

2nd tier sub accounts

4150 RELIGIOUS EDUCATION FEES

Sale of Lots and

4160 RENTAL AND LEASE REVENUE 4170 VOTIVE CANDLES 4180 CEMETERY

4181 Foundations 4182 Interments

4184 Revenue

4510 4520 4515 Net appreciation/ Depreciation in Market

4183 Value of Securities

4530 4185 Perpetual Care Revenue

Interest & Dividend

4551 4186 Other Revenue

4140

4210 GIFTS AND BEQUESTS NOT RESTRICTED

UNUSUAL (NON-SCHEDULED) REVENUE

4190 MASS STIPEND REVENUE

4525

4200

5085

- FOR

GAIN/(LOSS) ON SALE OF LONG LIVED ASSETS BUILDINGS, EQUIPMENT ETC. (EXCLUDING 4220 INVESTMENTS) ASSETS RELEASED FROM RESTRICTION 4230 - FOR CAPITAL PROJECTS ASSETS RELEASED FROM RESTRICTION 4231 SPECIFIC EXPENSES

Rectory

Church Programs

Pastoral & Liturgical Services

X

Religious Education

X

Do not assign revenues to this class

X

General & Offertory Other Parish FundraisAdministrativ and Misc. Activities (1) ing (2) e (3) Rev

"X" indicates classes most likely used for the corresponding revenue & expense account

Diocese of Bridgeport Parish Chart of Accounts 2007

Examples of transactions included in the account

Gross receipts from fees/tuition for religious education for the current period This includes both adult and youth formation programs

X

X X

Revenue received from the rental of parish property This includes the amount received for a priest in residence. Does not include security deposits received as liabilities. They are reported as liabilities in the Statement of Financial Position (Balance Sheet).) Gross receipts from votives Gross receipts from sale of lots and foundations Gross receipts from interments

X

X

Unrealized gain or loss as a result of a sale and/or increase/decrease in the market value of securities held Interest & dividends generated from both excess cemetery funds and perpetual care funds Portion of revenue segregated for perpetual care

X

X

X

X

X

X

X

X

All other gross receipts from cemeteries Offerings for masses celebrated for a specific person or intention.

X

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All gifts and bequests from individuals and estates that are unrestricted Also includes voluntary contributions for weddings, baptisms and funerals See also Account 8000 for restricted gifts and bequests Gain or loss as a result of disposition of property and other assets (Excluding Investments) Assets released from restriction for capital projects Assets released from restriction for specific expenses

1. Nursery School, Child Care, Cemetery, Rental Properties and Social Activities of Parish Organizations 2. Fund Raising Activities of Parish Organizations and Other e.g. Carnivals 3. Includes Buildings Grounds

Chapter VI: Appendix

old a/c #

Control accounts

EXPENSES

1st tier sub accounts

2nd tier sub accounts

Diocese of Bridgeport Parish Chart of Accounts 2007

"X" indicates classes most likely used for the corresponding revenue & expense account

X

X

X

X

X

X

X

X

General & Offertory Other Parish FundraisAdministrativ and Misc. Activities (1) ing (2) e (3) Rev

X

X

Religious Education

X

X

Examples of transactions included in the account

Pastoral & Liturgical Services

X

X

Church Programs

Full and part time lay employees Clergy salary and Order Priest payments (salary) Pastor's or Administrator's administrative allowance

X

Rectory

Stipend, retirement, housing & healthcare allowances paid to Religious Orders of Sisters and Brothers

X

6503

5017 partial 5016 5017 partial 6550 6504

5016

Pastor / Administrator

Extra Priests Deacon Expense

5017 Allowance

X

X X

X X X

X

X X X

X

X X X

X

X X X

X

X X X

X

X X

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X

X

X

X

X

Priests that occasionally come to say masses

X

X

5013 Allowance

Deacon's monthly stipend Stipends given to priests for the celebration of Mass

X

X

5015 Religious Allowance

Parish's share of FICA tax

6500 5000 COMPENSATION AND BENEFITS 6502 partial 5010 SALARIES AND WAGES 6502 partial 5011 Lay Employees

5018 Priest Stipends

Parish's share of Medicare tax

X

5031 FICA

5012 Clergy

5032 Medicare

6502 partial

6506

5040 EMPLOYEE BENEFITS

5030 PAYROLL TAXES

6508 6510 Medical/Dental Insurance-

5041 Clergy

Clergy medical and dental insurance

6516

5043 Lay 5044 Pension-Lay 5045 Life Insurance

5046 Workers Compensation

5110 CONTRIBUTIONS AND ASSESSMENTS

CONTRIBUTIONS AND ASSESSMENTS

Workers compensation insurance

6511/6513

5100

Clergy pension 5042 Pension-Clergy Lay employees medical and dental insurance, Medical/Dental Insurance- net of employee portion of medical insurance expense Lay employees pension costs Life insurance

6512/6514 6517 6515 5150

5040 5040

5113 Cathedraticum

Assessed payments for the shortfall from the Annual Bishop's Appeal goal

Assessment of offertory for support of the Diocesan elementary & middle schools

Charitable Contributions to Parish contributions made to a bona fide organization, i.e. Red Cross, another parish 5111 Organizations Payments made for a needy family, to pay Charitable Gifts to school tuition etc. 5112 Individuals Assessment of offertory for support of the Diocese

5020

5114 School Contribution

5115 Shortfall on ABA

5350

5025

1. Nursery School, Child Care, Cemetery, Rental Properties and Social Activities of Parish Organizations 2. Fund Raising Activities of Parish Organizations and Other e.g. Carnivals 3. Includes Buildings Grounds

Chapter VI: Appendix

old a/c #

5015

5261 5240 5262

5430

5335

1st tier sub accounts

2nd tier sub accounts

PROFESSIONAL FEES AND INSURANCE

Control accounts

5200 5250 PROFESSIONAL FEES

Accounting, Bookkeeping

Rectory

X

X

X X

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X

X

X

General & Offertory Other Parish FundraisAdministrativ and Misc. Activities (1) ing (2) e (3) Rev

X

Religious Education

X

Church Programs

Pastoral & Liturgical Services

"X" indicates classes most likely used for the corresponding revenue & expense account

Diocese of Bridgeport Parish Chart of Accounts 2007

Examples of transactions included in the account

All accounting fees, including payroll costs,

X

X X

X

Musicians and others who are not employees Expenses related to the Safe Environment Program

X

X

Expenses for guest speakers, retreats, conferences, workshops, etc

Costs related to training and development of parish employees All legal fees

5251 and temporary Office Help QuickBooks charges, temporary office help Continuing Education &

5253 Development 5254 Legal Non-Employee Musicians

5255 and Others 5257 Safe Environment Speakers, Retreats,

5258 Workshops

1. Nursery School, Child Care, Cemetery, Rental Properties and Social Activities of Parish Organizations 2. Fund Raising Activities of Parish Organizations and Other e.g. Carnivals 3. Includes Buildings Grounds

Chapter VI: Appendix

old a/c #

5131 5132

5140

1st tier sub accounts

5270 INSURANCE

2nd tier sub accounts

5271 Auto - Parish 5272 Auto - Clergy Insurance - Property,

5273 Casualty etc.

5310 SUPPLIES AND EQUIPMENT PURCHASED FOR