PARISH FINANCIAL REPORT 2020
Dear OLMC Parishioner,
At the bottom of this page is a link to our annual Income & Expenses for the Fiscal Year ending June 30, 2020. What stands out to me is the continued generosity of so many parishioners in the face of COVID-19 impacts. Our total ordinary income increased by $46,358.99 over the prior fiscal year. Envelope and online giving for the building fund was down about $153,000, due mostly to a shift in donation allocation among regular parishioners from building fund to offertory giving. But this reduction was more than offset by an extraordinary gift of $400,000 from the estate of Fr. Frank Fawcett, the longtime and dearly beloved previous pastor of OLMC.
Our expenses increased by $52,464.31, mostly due to higher employee compensation. While we have many volunteers, employing trained professionals is necessary to provide high quality service to our 2,800 parish families. Our staff adjusted well to the limitations imposed by the COVID-19 situation, finding new ways of providing the most essential service, the continuation of the ministry of Jesus Christ through His Church.
Our parish also made significant donations to the Annual Catholic Appeal, the Oaxaca Education Fund, St. Mary’s School, and other charities. The Diocese is currently discerning how parishes that are better off (like ours) may help other parishes which are suffering a severe financial crisis. I’m aware of one parish that has recently laid off a majority of its staff. We await an official report on the condition of our sister parish communities.
The parish Finance Council is instrumental in managing the financial gifts that our parishioners have so generously donated. They meet every quarter to monitor the financial health of our parish and to plan for the long term needs of our campus. Should you have any questions regarding parish finances, please feel free to contact a Finance Council member (through the parish office) to discuss. Thank you for your continued generosity and trust in us.
Fr. Anthony Saroki, Pastor / Alex Koenig, OLMC Finance Council Chair
Finance Council Members: Julie Gustafson, Michelle P. Fischer (Parish Business Manager), Remy Razon, Jose Repato, Mark Scalzo, Bob Schmidt, Jesus Vargas