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Greek Orthodox Archdiocese of America
Budget-to-Actual Comparison
For the Six Months Ended June 30, 2020

Revenues
Parish Total Commitment Program
Metropolis Total Commitment Sharing
PPP loan forgivenessGovernment grant - PPP loan forgivenessMetropolises'
Government grantshare- PPP loan forgivenessFoundation Grant
Sale of Donated Property
Unrestricted Gifts
Youth Dept. Commitment
Chapel - Other Income
Prior-year restricted contributions released during the period
Insurance proceeds
Investment Income
Other Income - Other Income
Total Revenues
Uses
Ecumenical Patriarchate
Holy Cross/Hellenic CollegeMetropolis Payroll, Payroll Tax, Benefits, Insurance and Others
Assembly of Canonical Orthodox Bishops/OCMC
GOA Ministries/Departments
Administration & General Services
Communications
Marriage and Family
Mission Church expansion (St. Photois Shrine)
Greek Education
Ionian Village
Orthodox Observer
Parish Software
Public Relations
Registry
Religious Education
Stewardship, Outreach and Evangelism
Subtotal GOA/Ministries/Departments
Clergy Laity Congress
Ecumenical
Eparchial Synod & Archives
Finance
Information Technology
Internet Ministries
Office of the Archbishop
Correspondence
Office of the Chancellor
Philanthropy & Clergy AssistancePre-ordination evaluation
Retired & unassigned bishops
Youth
Subtotal GOA/Ministries/Departments and Offices

2020 Budget

Six Months
2020 Budget

Six Months
2020 ActualVarianceFav (Unfav)$ 22,660,000(900,000)$ 11,330,000(450,000)$ 10,296,881-$ (1,033,119)
450,000

23,625,000

600,000
120,000
125,000
87,50011,812,500

2,487,323(1,000,000)
700,000
199,002704
48,013109,070
38,30954,80912,934,111

2,487,323(1,000,000)
100,000(120,000)
74,002(87,500)
704
48,013109,070
38,30954,8091,121,611

1,518,000
2,500,000
6,097,000
25,000759,000
1,250,000
3,048,500
12,500759,000
1,250,000
3,133,380
20,000(84,880)(7,500)502,000
304,000
343,000
150,000
185,000
190,000
358,000
156,000
360,000
31,000617,000
343,000
3,539,000

251,000
152,000
171,500
75,00092,50095,000179,000
78,000180,000
15,500308,500
171,500
1,769,500

235,061
232,896
149,448
60,897
109,949
232,285
46,721
76,207160,222
15,142
253,707
129,982
1,702,517

15,939(80,896)
22,052
14,103(17,449)(137,285)
132,279
1,793
19,778358
54,79341,51866,983432,000
330,000
705,000
1,000,000
580,000
777,000
154,000
345,000
100,000
100,000
150,000
599,000
8,811,000

216,000
165,000
352,500
500,000
290,000
388,500
77,000172,500
50,00050,00075,000299,500
4,405,500

55,006
188,031
166,165
365,501
333,533
201,811
408,951
75,092233,016
52,161
19,487
293,000
235,957
4,330,228(55,006)
27,969(1,165)(13,001)
166,467
88,189(20,451)
1,908(60,516)(2,161)
30,513(218,000)
63,54375,272

1,200,000
240,000
250,000
175,000--

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Greek Orthodox Archdiocese of America
Budget-to-Actual Comparison
For the Six Months Ended June 30, 2020

2020 Budget

Operating expense and affiliate support services
Affiliates and other GOA Payroll, Payroll Tax and Benefits
Reimbursements from affiliates
Archdiocesan Council, Committee, & Synodal Meetings
Maintenance, Leases, & Other General Expenses
Property and Liability Insurance
Insurance allocated to Metro.
Utilities, Telephone, Postage, and Printing
Legal, Audit & Contract Services
Hellenic Center (Astoria - Project 59000)
Additional pension plan payment
Interest on loans
General & Legal Contingencies
Depreciation
Amortization of Loan Costs
Restructuring costs
Total Uses
Excess of Revenues over Uses
Deduct Cathedral Fund Appropriations
Net Excess
Capital Budget (Estimated cash needs outside of operating budget)
Cash needs
Principal payment on mortgage
Building improvements
Retired Bishop Payment (4 Bishops)

Six Months
2020 Actual

Variance
Fav (Unfav)

375,000(375,000)
50,000220,000
375,000

580,542(580,542)
230,124
393,778

175,000
225,000
32,000500,000
140,000
500,000
120,000
11,812,500

102,070
277,701
34,838679,200
111,578
23,807
128,000
21,769115,419
11,610,892(205,542)
205,542
50,000(10,124)(18,778)
72,930(52,701)(2,838)(179,200)
28,422476,193(8,000)(21,769)(115,419)
201,608

1,323,219(600,000)$
723,219

1,323,219(600,000)$
723,219$$750,000(750,000)
100,000
440,000
1,500,000(750,000)
350,000
450,000
64,0001,000,000
280,000
1,000,000
240,000
23,625,000$$

Portion raised from operating budget through:Depreciation
Accrual for retired bishops' supplemental benefits
Net cash needs

Six Months
2020 Budget$-

190,000
100,000
410,000
700,000(240,000)(150,000)(390,000)
310,000$$$-95,000
50,000205,000
350,000(120,000)(75,000)(195,000)
155,000

92,93357,431
202,243352,607(128,000)(293,000)(421,000)
N/A

$

2,067
(7,431)
2,757(2,607)n/an/a