1 minute read

A Letter From Our Pastor: Our Annual Stewardship Financial Report

I am pleased to present to you the Annual Stewardship Financial Report. This last fiscal year, the COVID-19 pandemic presented many challenges to our church and families. However, we know the one constant in our lives is God. He continues to provide for our needs, and we look to Him for the gifts He freely gives with His grace and guidance. I invite you to review our financial statements on the following pages with a spirit of gratitude and thankfulness as we are blessed by God’s gifts.

Our Sunday offerings provide for 90 percent of our total parish income. These funds are used to support the parish administrative and operating activities, in addition to the support of our many ministries. With a budget shortfall of $103,081 in offertory collections, how did we continue to provide for these needs? We did so in part with your continued support and generosity.

Advertisement

Many of our faith families who were unable to attend Mass found ways to continue their financial support. We saw an increase in online giving and many families chose to mail in their contributions. This allowed us to honor our commitment to:

— Tithe 10 percent of Sunday Collections to ministries and organizations

— Support Catholic education

— Provide for maintenance needs

— Retain all staffing positions

Credit must also be given to the parish staff. Through their efforts, operating expenses were cut by 15 percent — $323,785.

Your generosity combined with the support of our staff, ministry leaders, and the delay of special property and facility projects enabled us to end the fiscal year with a net operating surplus of $314,771.

In addition, we were able to fund emergency needs through a generous bequest that allowed us to install an air purification system in the church providing for a safer, cleaner environment.

On behalf of the Pastoral and Finance Councils, I want to thank you for your continued support of our parish mission with the gift of your time, talent and treasure. Your generosity is a witness to God’s love and His infinite gifts.

With much gratitude and thanksgiving,

Fr. Fabio Refosco, C.O.

Fr. Fabio Refosco, C.O.

This article is from: