With the blessing of His Eminence, Archbishop Dmitri, the Treasurer of the Diocese of the South will provide members of the diocese with timely financial reports (quarterly, yearly and for consideration at the annual Diocesan Assembly.)
Reports will be posted in .pdf format for ease of downloading and printing.
Mr. Milos Konjevich, DOS Treasurer invites any questions or comments at dosmilos@gmail.com or 214-522-4149.
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March 29
(Dallas, TX) Tithes and offerings to the DOS in 2006 totaled a record $649,430 with expenses totaling $576,571 for a surplus of $72,859 as reported by DOS Treasurer, Milos Konjevich. Looking inside the numbers reveals even more good financial news as tithes increased from $301,957 in 2005 to $404,498 a nearly 35% increase. “What is even more remarkable is that all of this was accomplished in a year in which there was an OCA assessment increase” states Mr. Konjevich. “Historically when the OCA hikes the assessment, we have a deficit year and it takes another year for us to break even or show a surplus.”
Another remarkable figure of note from the 2006 financials is the figure of $124,389 reinvested in DOS missions. This figure represents $47,098 of DOS income for missions, most of which comes from missions repaying loans to the diocese for money borrowed with the balance coming from the DOS general fund to support the missionary growth of the diocese. After paying $236,330 to the OCA in assessments, and $136,838 for Payroll, the Missions line item was the next highest outlay.
The DOS has for several years, when possible, acted as its own bank in loaning money to its missions. Such recirculation of funds inside the DOS means that missions can borrow money at a lower interest rate and the recirculated money can be reinvested in other missions. “Why give the money to the bank when you can be your own bank and help your missions” reflects Mr. Konjevich.
Looking at the OCA Assessment income and expenses, one will notice a shortfall. This is because the DOS is committed to sending what it is obligated to pay based on parish census figures, no matter if the OCA assessment income is locally collected or not. However, it is also not uncommon for some OCA assessment income to arrive after the close of the calendar year, so it would show up in the financials for the following year, thus reducing the actual shortfall.
As for 2007, a look at the numbers shows that Tithe income is already ahead of last year's record pace.
God bless all the clergy and faithful of the DOS for following the biblical example of tithing and sacrificial giving.
2007 DOS Income and Expense Statement
INCOME
Tithe $404,498.00
OCA Assessment $192,915.00
Missions $ 47,098.00
The Dawn $ 237.00
Assembly $ 3,480.00
Other Receipts $ 1,203.00
Total $649,430.00
EXPENSES
Payroll $136,838.00
OCA Assessment $236,330.00
Travel $ 14,682.00
Administrative & Office $ 6,882,00
Building & Grounds $ 6,685.00
The Dawn $ 9,850.00
Dean Stipends $ 28,925.00
Missions $124,389.00
Allotments $ 11,990.00
Total $576.571.00
Surplus $72,859.00
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July 1
(Dallas, TX) With the blessing of His Eminence, Archbishop Dmitri and in preparation for the upcoming 2007 DOS Assembly, Treasurer, Mr Milos Konjevich has released final updated reports for the Assembly. The attached files include: 1.Consolidated Financial Statements and Membership Statistics2.Tithes, Assessments, and Membership Census by Deanery3.Tithes, Assessments, and Membership Census by Parish4.Financial Assistance Provided to Missions, Parishes, and Seminarians5.Tithes and Assessments by Parish – Year to Date Comparison6.Consolidated Balance Sheets7.Consolidated Income Statements8.Budget Report – Calendar Year 2006 and Interim 20079.Proposed 2008 BudgetAs customary, the audit of the DOS finances will be made prior to the Assembly and reported to those in attendance and reported to the Diocese when made via the DOS website. Please note that these new reports replace interim reports previously posted on the DOS website. All those attending the DOS Assembly are asked to download and print these reports and bring them to the Assembly in Miami. You are encouraged to ask any questions or make any comments to Mr. Konjevich prior to the Assembly so as to improve the presentation made at the Assembly. You may contact Mr. Konjevich at dosmilos@gmail.com via phone at 214-522-4149 The attached files are grouped into one .pdf file for your convenience as a single download.
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Orthodoxy in America
