December 11, 2016

Dear Parishioners,

In today’s bulletin, you’ll find a summary of our year-end financial statements.  First and foremost, thank you for your generous stewardship.  Your support allows our parish not only to function but also to thrive, so hopefully this brief summary gives you a better idea of how your contributions are being used.  Our fiscal year ended on June 30, 2016, but I wanted to wait until the statements were finalized and reviewed by the Finance Council before publishing this information to the parish.  Please take a brief moment to look through the insert in today’s bulletin.

Our parish is in good shape financially.  We continue to be debt-free, and our balance in savings and endowment has grown during the fiscal year.  As you can see, the church side of our operations continues to run a surplus, which helps us to fund the school.  The school is the largest ministry in the parish, and we depend on the support of the entire parish in order to maintain this vibrant ministry.  Therefore, the church contributes a considerable subsidy to the school each year, which allows us to offer a discounted tuition rate for parishioners.  Your generous support of our educational ministry is greatly appreciated and allows more of our parishioners to give their children a Catholic education.  It’s a big investment, but it’s one of the most important investments we can make for the future of our Church.

We have also worked hard to contain expenses.  We have a long-term facility plan that has allowed us to keep our physical plant in good shape, while spacing out major capital expenses so that they don’t cause too great a shock to our budget.

I’ve also included a couple of other items in this report.  First of all, I included the giving patterns from envelopes and EFT contributions so that you can see the breakdown of where our collections are coming from.  Additionally, I included a breakdown of how your contributions to the parish poor were spent last year.  Your parish poor envelopes exceeded our budget and allowed us to make even greater contributions to local agencies that serve the poor.  I’m grateful for your commitment to help our neighbors in need.

In presenting these statements to you, I especially want to acknowledge and thank our 2015-16 Finance Council Members:

Chris De Trempe                  Eric Karaman

Andy Nemeth                        Liz Rulli

Shawn Stevens                     Keith Stone

Luis Zapata

These parishioners are an invaluable help to me – as well as to our Business Manager, Mike Selsor, and our Principal, Steve Hoffman – as we strive to manage our financial resources as responsibly as possible.  I’m thankful that they are so generous with their time and expertise.  I’m also grateful to our newest council member, Leslie Yates, who has joined the council this year now that Andy and Keith have “retired”.

As you read the data presented in this brief report, please know that being good stewards of our financial resources is very important to me.  I know that you work hard for the money that you contribute to the parish, and I am humbled that you are so quick to share your resources with us.  If you ever have any questions about how these financial resources are being used, please don’t hesitate to contact me.