Parish Finance Council News

The parish finance council met for its quarterly meeting on Saturday, April 14, 2018. The finance council felt that the following information should be shared with the parish at large.

  1. After updating the parish roster through the Our Sunday Visitor envelope mailing program and the Witness to Hope Campaign, it has been determined that our parish consists of 188 families.

 

  1. St. Catherine has received the first installment of funds from the Witness to Hope Campaign. The amount is $77,621.21. These funds have been deposited into our savings account with the Diocese of Lansing. The finance council has confirmed that the WTH funds will be used only for needed capital improvements.

 

  1. The weekly offertory goal needed to meet budget expenses has consistently fallen short.

 

  1. Expense reductions in the 2017/2018 budget have not covered the operating funds shortfalls.

 

  1. For years parish savings have been withdrawn to cover past budget shortfalls.

 

  1. Because of this, parish general savings have reached a level of concern for the long term financial viability of the parish.

 

  1. The budget subcommittee of the finance council (Deacon Tom Arehart, Leslie Reagle and Emily Wilson) are working on the 2018/2019 fiscal year budget. Possible further budget cuts will be considered. But honestly, there does not seem to be many non-essential cuts that can be made.

 

  1. The pastor will approve any items to be ordered or paid for from parish funds. Requests for parish funds must be presented in writing to the pastor at least 2 weeks in advance. Verbal requests are not acceptable. If funds have not been budgeted for they will not be approved.

 

The membership of the parish finance council welcomes any input that you might wish to give to them. The council is committed to providing periodic reports about the financial state of the parish.

Finance Council Members

Deacon Tom Arehart

Gloria Fisher

Bob Like

Leslie Reagle

Betty Jo DeForest

Emily Wilson


 

St. Catherine Laboure Annual Financial Report for Fiscal Year 2017-2018 available here

 

-updated July 24, 2018