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Greek Orthodox Archdiocese of America
Budget-to-Actual Comparison
For the Quarter Ended March 31, 2020

2020 Budget

First Quarter2020 Budget

First Quarter2020 Actual$$VarianceFav (Unfav)

Revenues
Parish Total Commitment Program
Metropolis Total Commitment Sharing
Foundation Grant
Sale of Donated Property
Unrestricted Gifts
Youth Dept. Commitment
Chapel - Other Income
Other Income - Other Income
Insurance proceeds
Investment Income

Total Revenues$ 22,660,000(900,000)
1,200,000
240,000
250,000
175,000-5,665,000(225,000)
300,000
60,00062,50043,750-5,070,833
575,000
61,907373
4,798
61,798
11,618$(594,167)
225,000
275,000(60,000)(593)(43,750)373
4,798
61,798
11,61823,625,000

5,906,250

5,786,327(119,923)

1,518,000
2,500,000
6,097,000
25,000379,500
625,000
1,524,250
6,250

379,500
625,000
1,554,624
5,000

502,000
304,000
343,000
150,000
185,000
190,000
358,000
156,000
360,000
31,000617,000
343,000

125,500
76,00085,75037,50046,25047,50089,50039,00090,0007,750
154,250
85,7503,539,000

884,750

151,127
89,797
95,15025,23560,043
124,126
71,73538,271
78,513
7,585
169,600
58,532969,712(30,374)
1,250(25,627)(13,797)(9,400)12,265(13,793)(76,626)
17,765729
11,487165(15,350)
27,218(84,962)432,000
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

108,000
82,500176,250
250,000
145,000
194,250
38,50086,25025,00025,00037,500149,750

22,72096,25083,704
188,519
174,753
83,295
241,398
28,066
90,58626,3352,867
87,500127,434
2,223,140(22,720)
11,750(1,204)(12,269)
75,24761,705(47,148)
10,434(4,336)(1,335)
22,133(50,000)
22,316(20,390)

Uses
Ecumenical Patriarchate
Holy Cross/Hellenic College
Metropolis 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
FinanceInformation Technology
Internet Ministries
Office of the Archbishop
Correspondence
Office of the Chancellor
Philanthropy & Clergy AssistancePre-ordination evaluation
Retired & unassigned bishops
YouthSubtotal GOA/Ministries/Departments and Offices

2,202,750

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Greek Orthodox Archdiocese of America
Budget-to-Actual Comparison
For the Quarter Ended March 31, 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

First Quarter2020 Actual

187,500(187,500)
25,000110,000
187,500

161,890(161,890)
98,644
177,793

87,500112,500
16,000250,000
70,000250,000
60,000-63,617
146,176
17,430251,100
56,04162,00010,9335,670,998

25,610(25,610)25,00011,356
9,707
23,883(33,676)(1,430)(1,100)13,959250,000(2,000)(10,933)
235,252

115,329600,000(484,671)

115,329(600,000)(484,671)

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

Total Uses
Excess of Revenues over Uses
Deduct Cathedral Fund Appropriations
Net Deficit

First Quarter2020 Budget$-

5,906,250$-$

Variance
Fav (Unfav)$

Capital Budget (Estimated cash needs outside of operating budget)
Cash needs
Principal payment on mortgage
Building improvements
Retired Bishop Payment (4 Bishops)$Portion raised from operating budget through:Depreciation
Accrual for retired bishops' supplemental benefits
Net cash needs$

190,000
100,000
410,000
700,000(240,000)(150,000)(390,000)
310,000$$

47,50025,000102,500$

175,000

46,515
6,047
100,833
153,395(60,000)(37,500)(97,500)
77,500(60,000)(37,500)(97,500)
55,895

$

$

$

985
18,953
1,667
21,605n/an/a