So Grateful
It is, once again, with sincere gratitude that on behalf of our parish Finance Committee I offer you this year’s annual Stewardship Report. As always, I am deeply grateful to all who work so hard and who give so generously to enable us to do all that we do together in the Lord’s name. We are and must continue to be a mission-driven parish that seeks to effectively bear witness to the Gospel and to gather people into God’s Kingdom. Our finances are not an end in themselves, but a means to carrying out the important work to which the Lord calls us.

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In publishing this annual report it is always important to be reminded that stewardship is about much more than our financial giving. It is a humble acknowledgement that all that we have is a gift from God that has been given to us not simply for our own benefit, but for the benefit of others. Throughout the year we try to highlight and express our gratitude for the great efforts and talents of so many that give so generously of their time to serve in our parish ministries, organizations and activities. In this annual report we focus especially on the financial generosity of our people that enables us to carry out the work the Lord has given to us to accomplish in His name.

A couple of highlights from this year’s report for the fiscal year 7/1/16 thru 6/30/17:

  1. You will notice that the report also includes comparison information from both the previous year and 5 years ago.
  2. Thanks to an exceptional Christmas collection and some additional fund raising, our income grew to nearly $28,000 more than last year. This is, of course, very good news. It comes to, however, some $7,200 less than 5 years ago pointing to a need to ensure that our weekly contributions, the main source of our income, be on par with increasing annual expenses.
  3. At the same time, while we were able to reduce our administrative expenses by $11,000, Salaries and Benefits and the amount we were assessed by the Archdiocese grew $26,000 and $14,000 respectively. Our Ordinary Maintenance and Repair increased from last year, but is comparable to 5 years ago. On an Operations basis, we ran a deficit of nearly $25,000.
  4. We are, of course, very blessed to have other sources of income that have enabled us to still come out ahead overall in the amount of $265,139. We did this principally through lease income and especially donations and memorials totaling over $330,000. We are, of course, very grateful for these contributions, but also realize that we cannot reasonably count on this extraordinary income each year.

Thank you all, once again, for your generous stewardship. I am very grateful to all who contribute so much in so many ways to make our parish the great community of faith that it is. With this report I would especially like to thank our parish Finance Committee Members: Steve Dolan (Chair), Ed Cameron, Bob Callero, Gina Caruso, Isabel DuPont, Marilyn Lauesen, and (in memorium) John Bubula, for their hard work and sage advice. I would also like to thank our Business Manager, Rich Gargul, who does such an excellent job managing our day to day financial obligations and preparing the necessary reports for our Finance Committee and the Archdiocese.

Have a blessed week,

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