Financial Reports

Dear Brothers and Sisters in Christ,

With gratitude for God for your generosity, and on behalf of our Finance Council, I am pleased to share with you our 2025-2026 Annual Report. This report explains how our financial resources were used during the fiscal year ending June 30, 2026, and how they have been budgeted for the current fiscal year ending June 30, 2027.

We continue to closely monitor our conservative spending policies so that they might reflect what best meets the spiritual needs of our parishioners and the long-term care of our campus. This year, one of our most significant accomplishments was the replacement of the roof on the new church after the damage by Hurricane Helene and other storms. We returned to the original design for a steel roof, that should serve the parish for decades. The cost was $565,000, funded from our reserves and $106,160 received in insurance reimbursement. Additional improvements included the start-up costs and playground equipment for our new 3K/4K classes at the school, parish office security cameras, a new sound system at St. Angela Hall, and a host of other maintenance and repair efforts across the campus. We remain committed to preventive maintenance, high-priority campus projects, and investing wisely towards school and parish programs. Of course, all of this is possible only due to your continued generosity.

Earlier this year, I shared that offertory collections were falling well behind budget and I asked and prayed for you to increase your generosity to help us fill the gap. And you did! We ended the year only about $10,000 below our offertory goal. Other revenues exceeded our expectations. We scrubbed our operating expenditures and came in under budget. This was accomplished despite significant increases in our health insurance matching costs, as the diocese matching requirement rose from 30% to 70%. Also, we were blessed with several unanticipated gifts and payments of almost $270,000. As a result, we had an overall surplus of $523,814, of which $254,498 is accessible (i.e., not designated for specific causes). We will use those funds to replenish our reserves and to address several critical maintenance issues on the campus.

In this new fiscal year, we anticipate continued increases in our health care costs as well as significant increases in property insurance. To address these realities, I raised the offertory budget by 2% over last year. I know you all face similar budget challenges at home, but I ask that you continue your wonderful generosity and support for our parish and school during these challenging times. Everything we accomplish as a parish is made possible through God's grace, your financial support, and the remarkable dedication of our volunteers. Together we provide vibrant ministries, outstanding Catholic education, and a welcoming parish community for all who come here.

Please pray and reflect on your stewardship of the blessings that God has given you. "Give, and it will be given to you; good measure, pressed down, shaken together, running over, will be put into your lap. For the measure you give will be the measure you get back." (Luke 6:38)

All the best...in Christ,

Father Wilson
Pastor