As Pastor, it is my responsibility, with the assistance of the Finance Council, to faithfully manage the resources the members of Holy Family so generously offer to our parish. Each year, the Finance Council produces a Summary Financial Report for the previous Fiscal Year (which runs from July 1 to June 30) for presentation to the people of the parish. This year’s report, along with a summary of sacramental activity, is inserted in this bulletin.
I’m pleased to announce that Offertory contributions increased by over 12% this year – thank you so much! At the same time, non-payroll expenses were down nearly 5%.
We ended the year with a deficit of just under $20,000, significantly better than the previous year, but still short of our goal. This can be attributed to several factors:
1) Each parish contributes a portion of its income to the Diocese on a regular basis. Since our income increased, our contribution increased correspondingly.
2) This was the first full year of our mortgage, so our interest costs went up, to approximately $57,000. These costs, of course, will decline as we pay down the loan.
3) Our utility costs for all buildings except the School totaled nearly $115,000, a significant increase due primarily to the cost of electricity for the Parish Life Center during its first full year of operation.
4) Several years ago, the Diocese asked each parish to make a contribution to the renovation of the Cathedral-Basilica in St. Augustine. Our assessment was $82,000, payable over 4 years. We did not make a payment during construction, so we made 2 payments this year, totaling $41,000. We will make the final payment next year.
Be assured of our continued efforts to reduce expenses wherever possible. I know that many of you are already making sacrificial gifts in support of our parish through the offertory collection and pledges to the Capital and Mortgage Reduction Campaigns, and I am truly grateful. Please pray for me, that I may be a faithful and prudent steward of the gifts you so generously offer to Holy Family.
The initial phase of our Mortgage Reduction Campaign has brought in over $250,000 in gifts and pledges – one-third of the funds necessary to pay off our new buildings. Thank you!
As I explained in August, we are also are seeking an additional $500,000 for long-term maintenance needs. (One project that is already scheduled is a new roof for the chapel area of the church.)
Our Campaign Committee and Finance Council have recommended placing “thermometers” in the church and Parish Life Center to show our progress in reaching our campaign goal. In addition to the pledge cards in church – which can simply be placed in the offertory basket or brought to the Parish Office – we will soon be reaching out to parishioners who have not been able to contribute to the Building Project thus far to ask for their support. I have every confidence that we will meet our goal, and I am humbled by your continued generosity in enabling Holy Family to live out its mission to be United in Christ, Growing in Christ, Serving Christ in One Another.
It is with sadness that I write to announce that Nick Rebbe, our Director of Youth Ministry, is no longer employed here at Holy Family Parish. We wish Nick well; please keep him in your prayers as he moves on to the next stage of his life.
As of this time, all Youth Ministry events for the month of October are cancelled. This includes this weekend’s High School retreat and the Trunk or Treat event on October 30th. Our November trips to the National Catholic Youth Conference and Universal Studios are still scheduled at this time. Additional information will be forthcoming.
Please be assured of my commitment to provide the young people of our parish with a dynamic Youth Ministry program to form them into faith-filled Catholic Christians. We will be moving quickly to identify new leadership for our program. Please pray that the Holy Spirit will guide our discernment so that our Youth Ministry will continue to flourish and grow.