Financial Stewardship
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The Stewardship of Finances at Our Lady of RansomBeing responsible with your generosity
For 60 years, men and women of our community have sacrificed in order to give us the financial resources needed to both grow as a Catholic Church and to move out into the world to share the Gospel. We are committed to being good stewards of our financial resources and, therefore, commit to you that:
- In evaluating financial decisions, we will always give the highest importance to how an expense helps us share with others the beauty of a relationship with Jesus Christ. In this way, we strive to treat our budget as a mission statement.
- We are committed to radical transparency when it comes to our use of finances, and will only withhold information when it is legally required.
- We encourage you to reach out with any questions or concerns you have to either our Operations Director, Deacon Franco Foti ([email protected]), or our parishioner led Financial Stewarship Commission.
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INCOME Sunday and Holy Day Collections $541,020 Christmas Collection $40,551 Easter Collection $22,995 Other Collections $5,835 Lease and/or Rental Income $307,489 Fund Raising Net Income $40,202 Interest & Investment Income $19,293 Auxiliary Groups -$830 Miscellaneous Income $121,183 Total Income $1,097,738 EXPENSES Salaries $512,879 Health Insurance-Employer Paid $83,990 Employer FICA $33,958 Fringe Benefits $27,035 Professional Growth/Ministerial $7,800 Books & Supplies,Non-Liturgical $12,090 Administrative Expenses $111,417 Transportation $4,626 Food Service & Meals $16,725 Telephone $8,446 Heating Fuel $29,759 Electricity $30,840 Other Utilities $29,432 Maintenance & Building Repairs $240,382 Altar & Liturgical Supplies $14,279 Furnishings & Equipment $2,613 Archdiocesan Assessment $86,952 PRMAA Assessment $22,896 Property/Casualty Insurance $54,812 Auto Insur-Priest Owned Vehicle $4,479 Miscellaneous $30,084 Total Expenses $1,365,493 Net Operating Income -$267,755
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Clergy Support and Stewardship
The Archdiocese of Chicago determines financial support for the clergy and it does not vary from parish to parish. It does change slightly based on years of ordination and the position that the priest has (pastor, associate pastor, teacher, etc). In addition to room and board, the salary set for our current pastor is $38,050, exclusive of sacramental stipends.
Knowing that proper stewardship of financial resources is just as important for clergy as it is for all community members, our pastor waves 25% of his salary.
Unless they are in a paid staff position in the parish, our deacons do not receive regular financial support from the parish. Instead, they receive stipends for individual sacraments or services they provide. This amount varies and is usually determined by the family involved.
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