Finance Council

Dear Fellow Parishioners,

 

A brief overview of the June 30, 2026, financial results follow. Please go to the parish website, under Finance Council, to view the referenced financials.

 

Statement of Financial Position: The parish’s financial position strengthened once again with net current assets increasing to $878K, so parish liquidity remains in very good shape. 

 

Parish Operating Results – Fiscal Year Ended June 30, 2026: The parish reported a surplus before depreciation costs of $245K primarily due to a strong Bishop’s Appeal and parishioner gifts. This said, parish basic operations reported a deficit of $196K. Weekly Offertory declined $49K which is troubling, especially as the parish has added a staff to support our Youth Ministry and expanded Parish Office hours to better support the community. We continue to work with the Seton Collaborative to lower costs in technology and security and we have reduced many of the deferred maintenance projects with proceeds from parishioner gifts.  

 

The parish did experience a significant increase in proceeds from Fundraisers due to the Parish Jubilee Celebration in November.

 

Parish Financial Outlook: Under our Pastor’s leadership we have strengthened the Parish Office both financially and operationally with experienced and additional personnel to best support our spiritual community and advance our faith. Father continues to focus on strengthening the community both internally and externally.

 

We must remain vigilant in communicating the many services our parish provides to increase both engagement and financial support. Too much of overall parish involvement and funding comes from a limited number of parishioners. Our parish community will only grow and flourish with participation from ALL our families in all aspects of community. As your Finance Committee Chairman, I ask every parish family to get involved in more than just attending Sunday. Your connection to God will only grow! Your cell phone keeps you connected to your loved one here on earth, isn’t that same level of financial commitment more than worth it to stay connected to Our Father?