The fiscal year July 1, 2020 through June 30, 2021 continued to be a challenge. Mass attendance has not returned to pre-pandemic levels so we anticipate that the 2021-2022 fiscal year may require the use funds from the parish’s general savings account to fill the anticipated gap between income and expenses.
- As of June 30, 2021, the parish’s checking account balance was $97,586.
- As of June 30, 2021, the parish’s savings accounts had a balance of $756,300 where:
- $34,548 is set aside for property insurance, cathedraticum, priest welfare and retirement, and other large, recurring expenses.
- $199,088 is set aside for capital projects. The parish’s capital savings account was funded by two components dating to 2001 and 2012. Because the work originally conceived for the 2001 campaign has been completed, the finance council recommended retiring that fund and consolidating the balance into the 2012 fund, giving the parish a single capital savings fund to maintain physical facilities in the church, St. Joseph Hall, and the rectory.
- Of the remaining balance,
- $150,000 is our emergency fund, which is used to fund catastrophic system/service failures.
- $150,000 is our contingency fund, which is used to fill in for lack of offertory.
- $222,664 is available to spend on the prioritized needs of the parish.
During the 2020-2021 year, we:
- purchased cell phones for our elementary and middle/high school faith formation coordinators
- added curb and drain in the north parking lot
- purchased scaffolding for maintaining the church lighting
- replaced flooring in the parish and pastor's offices
The parish's financial statement is found here