Parish Annual Report

 

Overview and Requirements

All parishes in the Diocese of Winona-Rochester are required to file an Annual Financial Report to the Diocese of Winona-Rochester Pastoral Center by August 31 of each year. The reporting period coincides with the fiscal year: July 1, 2023 through June 30, 2024. The pastor, lay trustees and the individual preparing the documents are expected to sign the Annual Financial Report.

All funds held in bank accounts, loans, and in other investment vehicles, such as stocks and bonds, (including parish endowments), must be disclosed on the Annual Financial Report. Annual activity in each fund or account must be included in the revenue and expense activity disclosed on the report.

The financial information contained in the Annual Report should be communicated to the Parish Finance Council on an annual basis. A summary version of the report may be provided to parishioners.

The Diocese of Winona-Rochester uses the Annual Financial Report as a tool for financial accountability, internal financial analysis and historical record. In addition, the Annual Financial Report is used to determine the diocesan assessment, pension plan for priests assessment and annual diocesan appeal target. It is important to receive accurate and timely financial information so that these objectives can be obtained.

Key Dates

Instructions for ParishSOFT Users

The ParishSOFT Accounting software package will automatically generate the year-end financial reports for you.    For your reference, the complete process for generating the necessary reports is available via the following link:

Diocese of Winona-Rochester Annual Financial Report Process (2023-2024)

When the reporting process is complete, the following items must be submitted to the Diocese of Winona-Rochester Pastoral Center by August 31, 2024.  Items 1-3 are generated automatically by ParishSoft; items 4 & 5 must be completed in Excel or compatible spreadsheet program (click on the link for a blank template):

1. Paper – (Signed and Dated)
2. Statement of Revenue over Expense
3. Balance Sheet
4. Statement of Parish Property and Historical Data Fiscal Year 2024: July 1 2023 to June 30 2024 (Excel)
5. Internal Control Questionnaire Fiscal Year 2024: July 1 2023 to June 30 2024

Resources for Parish Bookkeepers

• Do I need to charge sales tax on my fundraising sales?
• Tax Exempt Organizations and Gaming

Questions? - Who to Contact