It is the time of year again when I can give you a fiscal year end update of our parish’s finances. As you can see on the graph below, things are continuing to go well as our total income has continued to go up and is also above our total expenses, which have stayed level. As always, the majority of our income comes from our offertory, and you have continued to be generous this year with an increase of over 6% from last year. This is especially notable since last year we also conducted the Beyond Sunday Capital Campaign benefitting education throughout the archdiocese and supporting a variety of projects in our parish. The amount of this that has come to the parish so far is the majority of the value listed in Capital Camp/Bequests for 2017. The majority of our expenses related to this came immediately after the end of the fiscal year and so did not appear in the total expense values. As these numbers will have greater impact on future reports beyond that one number, we will segregate out both the income and expenses related to the campaign to hopefully clearly show their effect relative to our standard operating finances. The ‘Other regular income’ went up a bit in 2016 and then down in 2017 mostly due to PSR tuitions coming in a little earlier, and thus before the break of the 2016-2017 fiscal year, as we improved our billing notifications and allowed for online payments. That is why the budgeted ‘other income’ basically stayed the same while the actual did fluctuate.
Always a factor in the expenses are weather and related maintenance and utility expenses. The last two years have been fortunately mild but we still budget for a bit worse, as well as some other unexpected repairs. More details will be available in our Parish Annual Report which will be coming out in the next few weeks. Thank you again for your continued generosity and please contact me if you have any questions.
Peace, and thank you again,