Letter from Fr. David
Dear Friends in Christ,
This Sunday I take a break from the series of reflections on the liturgy to give you an update on our overall financial status. This update ties in with the mini-series of sermons I am now giving on “Bringing Forth a Harvest of Stewardship.” This update also fills in a few of the specifics that I did not mention in this Sunday’s “Sermon on the Amount.” I do this in bullet format to make it as straightforward as possible.
- We were $132.00 positive from 1 July 2015 through 30 June 2016!
- We were $10,584.00 negative from 1 July 2014 through 30 June 2015.
- The main reason for the change is the increase in average weekly collections from $5,917 in 2014/2015 to $6,349.00 in 2015/2016. This $400+ a week naturally makes a difference over time!
- Here is a breakdown of 2015 – 2016 Fiscal Year End by departments.
- #1: Parish – $31,694.00 positive ($16,074.99 positive the previous year.)
- #3: Religious Education – $7,768 negative ($3,452.92 negative the previous year.)
- #4: Cemetery – $6,028.00 positive ($1,070.68 positive the previous year.)
- #6: Building & Grounds – $29,822.00 negative ($24,276.95 negative the previous year.)
- We paid $8,151.00 from our collections last year to complete our Diocesan Stewardship responsibility.
- We lost $4,125.50 from our main savings account (now at $9,317.54) to make up Diocesan Stewardship payments.
- The main parish account is consistently between $10,000 and $11,000, though obviously fluctuates based on weekly collections and expenses.
- Building Fund savings holds at just over $36,000. However, we are NOT currently able to put the Building Fund collection into savings as we need that collection to take care of regular expenses in the Building & Grounds department.
- Lastly, and perhaps most importantly, we have NOT been in debt and are NOT currently in debt!
Overall, we are holding together, and you all are to be commended for that! We try to be very frugal here, as we cannot afford to be big spenders. We live week to week, and we do the best we can. Yes, there are a number of updates and improvements over the entire plant that eventually we would like to do, but currently we cannot. Obviously the major repairs take precedence when they come. We are able to do little improvements here and there, just not major undertakings.
Finally, the two main financial goals I have for St. Mary this year are:
- Maintain and strive to increase our weekly collection income.
- Increase the parish’s participation (currently at 19%) in the Diocesan Stewardship Appeal.
If we can continue to improve on both of these goals, I believe we will not only be able to maintain fiscal solvency but will also be able to grow in our functionality and mission as a Catholic parish family.
God Bless You!