Annual parish Operating Statement for 2021

Dear brothers and sisters in Christ,

Attached is the Annual Parish Operating Statement for 2021 as a comparison to 2020. Below you may find an explanation of our financial statement.

The pandemic has definitely taken a toll on the parish financial situation which was in a fragile state to begin with.  Good news is that we have managed to stay afloat.

We had an operating loss of $13,515.03 in 2021. Our total debt also increased to a total of $273,116.41.

Our Offertory dropped by over 17% from 2020 to 2021.

We received a Government Wage Subsidy of $37,043.20 in 2021 and $55,577.43 in 2020 which helped us to survive over this period.

We have continued making monthly loan payments during the pandemic.  In total for 2021 of $5,176.21. This reduced our loan to the Archdiocese for the Church basement renovation to $119,257.41. Unfortunately, we were unable to pay our Archdiocesan Diocesan assessment for yet another year bringing the total owed to $153,859.00 which is in arrears from 2016.

We have recently listed and sold the parking lot property on Prince St. for $800,000. The sale will close on June 30, 2022. This will help offset our loan from the Archdiocese for the church basement and our arrears for the Diocesan assessment.  The remaining funds will help with some repairs which need to be addressed with the Parish property.  

At this time, we would also encourage parishioners to consider our pre-authorized giving.  For more information regarding this please call the Parish office or talk to Fr. Marijan.  

Our finances are important but they are secondary to and in service of the evangelization – announcement of the Gospel of Jesus Christ – which has as goal the salvation of our souls. As we begin to restart our Parish life, we are invited to reflect on how the Lord has been helping me and where and in which way is the Lord Jesus calling me to serve? It could be in one of the many volunteer positions that need to be filled. Please talk to Fr. Marijan if you would like more information about the positions that need your help. A well-run Parish needs volunteers in many capacities so please consider giving back.

We thank you for your continued prayers and support over the past two years.

May God bless you and your family.

Fr. Marijan Sisko and Parish Finance Council