Annual Report for 2014
I present to you the annual report on our operating income. Last year validates a steadily improving financial situation for Holy family parish. Two years ago we had a $200,000 deficit. For the second year in a row, Holy Family has had more income than expenses. We spent less than we received. You will note that this historic turnaround was generated with little increase over the past year in the weekly collections. The change is due more to prudent fiscal management of expenditures. Nowhere is that more visible than in the school budget. Because of the initiative of our school principal; her staff; and school supporters, a lesser subsidy was required from the parish. The parish has provided, however, improved maintenance and up-grades to parish and school facilities as part of our in-kind support to catholic education. The monthly Capital Improvement collection has enabled us to make minor improvements and on-going upkeep to our facilities.
In addition to your support to the operating budget, 22% of our households provided $182,550 to the Bishop’s Lenten Appeal. This equated to 110% of our goal. During Lent we raised about $10,000 for the Rice Bowl program for poverty relief and development around the globe through Catholic Relief Services. $3,000 of that amount was designated for Holy Family projects in Haiti, Guatemala, and the Philippines. These projects were managed by a newly formed Holy Family Mission Outreach Committee.
This coming year presents a challenging fiscal opportunity. We are called to maintain our level of giving to the Offertory and at the same time, implement a Capital Building Fund campaign. The major renovation and enhancements of our facilities will cost at least $2 million. Currently, the parish has received $1,277,056 in pledges from 308 households – approximately 10 % of our more than 3,000 families. I am confident that we will surpass our goal when all of our families begin to participate.
Your financial support is part of a larger dimension of stewardship. Our parish has seen growth in many areas of ministry; liturgy, youth, religious education, school, pastoral care and social ministry.
To highlight social ministry, a priority with Pope Francis, we have not only provided emergency assistance to over 2,300 families, we have shepherded many immigrant families in their struggle for education and citizenship. We have developed a community coalition led by our parishioners to better serve the needs of the unsheltered homeless. We have also worked with interfaith leaders to prevent eviction of families who are underwater in their mortgages.
Do you know that we cannot fully accommodate the more than 800 students who have enrolled in our Religious Education program for the current school year? We are also assisting many additional families as they home school their children.
The renovation of our facilities, built in the 70’s and 80‘s is not a luxury. We need to renovate and expand to provide the facilities that our growing numbers and ministries require.
To meet the needs for the upcoming year we need your continuing support to the Offertory. To provide for the future of Holy Family, we need the 90 percent who have not yet made their pledge to join ranks with those who are already supporting our Capital Building Fund.
Fr Gerry Creedon,
PS for your questions you may contact me at email@example.com or call our Bookkeeper, Paula Kane, at (703)670 8161 ext. 306.