Pastor’s Corner September 24, 2017
In this weekend’s bulletin is our annual financial report for fiscal year 2016-2017 (side by side with the budget published last year). On the flip side of the page is our budget for the upcoming fiscal year, 2017-2018. I have worked with the Finance Council to provide you with an understandable presentation of our church finances. As pastor, I am accountable to you for the proper use of the offerings given to support church ministry and operations, and the report is a way to keep you informed of the financial status of parish. Overall, our financial status continues to be stable, and I thank you for your support over the last year.
The budget for fiscal year 2017-2018 assumes that we will operate at or near the amount budgeted for our regular offertory and the offertory for repair and maintenance. Our goal this year once again is to average $9,000 per week in our regular offertory, and in an effort to keep you informed of our financial status throughout the year, we will continue to publish in the bulletin the amount of the budgeted average weekly offertory as well as the actual average for the fiscal year to date. Although we didn’t make our goal last year for the regular offertory, we do believe it is a reasonable goal for us to try to achieve. We did make our overall revenue goal and thank God for his generosity to us through our many donors and benefactors.
As you know, we have just completed Valentin Hall to better serve the needs of our community. I have to say that it has given me great joy to see the hall used by our children for catechism and our adults for bible study, formation activities and administrative meetings. It is a great blessing to us.The financing for the Valentin Hall renovation did not require a formal capital campaign, but rather it was financed through savings ($350,000), a legacy gift ($250,000) as well as a diocesan loan ($250,000). The total cost of the project was $850,000. We will be able to pay off the loan for the renovation in less than 5 years if we maintain the level of our regular offertory and we all continue to fulfill our pledges to the Centennial Campaign.
Two things we ask of you regarding our financial goals for this year: 1.) Consider increasing the amount of your regular offering so that we can reach our regular offertory goal; and 2.) Stay current in fulfilling your Centennial Campaign pledges. If we are all able to do these two things, then our continued financial stability will be maintained.
It is also good to reflect on the amount of our offerings, and the following is provided to be helpful in your reflection:
- The offering should be thoughtful and made after prayerful consideration, as opposed to arbitrary.
- The offering should be generous, as it is only giving back what has already been received.
- The offering should be substantial (as opposed to a token), showing the value we place on our spiritual life.
- The offering should be appreciative, giving thanks to God for the gifts He has given to us.
- The offering should be regular and disciplined, habitually keeping in our mind God’s gifts to us.
- The offering should be sacrificial (it is good if we can point to something we gave up to make the offering).
- The offering should be in joyful spirit, in other words, we are “glad to do it.”
- The offering should not prevent us from meeting our obligations or cause undue hardship.
Finally, please remember the impact legacy gifts have on our community. The work on Valentin Hall would not have been possible without legacy gifts our church has received over the last few years. These gifts are a way to express gratitude for the service the church has provided to us and our community, and they help to perpetuate the mission of the Church for future generations. There are many ways one can provide a gift to the church in their estate planning, including wills, bequests, trusts, and life insurance policies, or the gift of stocks or a family home. If you are so moved, please remember the church in your estate planning. If you have any questions about giving a legacy gift, we can certainly help you with obtaining further information.
Thanks again for your generosity over the past year and your continued support! God Bless!! – Fr. Brady
Festival de la Grande Eglise – Oct. 7th!