Brothers
and Sisters,
This weekend is the final weekend of
the month and the close of the fiscal year.
Let me begin by once again thanking you for your generosity. As we close the fiscal year, we will be
closing it in the red. We are projecting
our deficit to be around $70,000 - $80,000.
In order for us to keep from taking
out a loan with the diocese, we will be pulling funds out of savings to cover
the deficit. Some of our deficit comes
from unpaid tuition. Taking that into consideration,
that part of the deficit will be taken out of the Msgr. Brenner Education
Fund. When the tuition comes in over the
summer months we will replenish that account.
The other portion of the deficit will be paid out of our General Parish
Savings. So while we will not be in debt
to the diocese, we are operating in a deficit.
In other words, while the end result will show us in the black, we are
operating in the red. As a parish we
were truly blessed with two significant bequests. If it wasn’t for these bequests we would have
to take a loan from the diocese.
Over the last couple months I have
been working with the Parish Finance Council to address this concern. Since March, changes have been made to help
us address our operating deficit and other areas of potential cost savings are
being carefully studied. We are working
extremely hard to be fiscally prudent.
Yes, in the future, we may have to spend money to ultimately save
money. That is why we are carefully
studying our utility bills and our reestablished Long Range Planning Committee
is looking at our property. Once of the
challenges we face is that we have a lot of property to maintain (and a lot of
underutilized space) and a lot of our buildings are aging which means they will
eventually need work to keep them maintained.
As we close out of fiscal year and
look at our current deficit there are signs of hope. The generosity of this parish is clearly
evident. This year we have surpassed our
Lenten Appeal in the pledged amount. As
the Mass schedule changed out weekly offertory has stayed steady. This is a clear testament of your
support. Once again thank you for your
generosity to our parish and as your pastor I am truly grateful for your
support of our parish.
Sincerely in Christ,
Fr. Carroll
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