Dear Fellow Parishioners,
I have two bits of very good news. First, our bookkeeper and office manager, Kim Williams, was in the office for two days last week. As her physical therapy allows, she is now recovered to the point that she can return to the office for a significant number of hours per week. We in the rectory are thrilled, as are those of you who call the office and hear Kim’s voice.
Second, Fr. Thomas Stuart will begin his ministry here at St. Vincent’s in just a few days. He is currently scheduled for the morning mass next Wednesday, October 6th at 8 a.m., and tells me he plans to hit the ground running – the very words any pastor longs and loves to hear. Welcome Fr. Stuart!
The Parish Financial Report is completed by Kim Williams. Thanks to her traditional efficiency, this report was substantially complete at the onset of her illness. This annual report is made to you, our parishioners, regarding the state of parish finance.
Until I can provide this report in final form, I will share some basic and very encouraging information regarding the fiscal year July 1, 2020 to June 30, 2021.
Thanks to your generosity, the hard work of many people, and careful parish management, St. Vincent de Paul Church has navigated the waters of COVID-19 exceptionally well.
Because of COVID, we expected and budgeted a loss for this past year of $110,630. This would have left the parish in perilous financial condition. Instead, we turned a profit of $48,902 – a positive difference of $159,532. This positive result occurred because we benefited from a PPP loan (about $100,000), and because our Special Donations exceeded our budget by $71,800. This was largely due to your generous response to my letter last fall making a rare (for me) appeal for funds. Also, the fact that our office always remained open, daily and Sunday Masses were available via the Internet, and outdoor Masses offered as soon as it was possible to do so were all major factors in attending to the needs of our parish.
Two other factors are responsible for this happy result. So many faithful parishioners continued to drop off or mail in their donations every week, often in collection envelopes. Also, SV began encouraging parishioners to use electronic giving long before COVID struck. While other parishes were scrambling to start their electronic giving, we were already enjoying its benefits. (In fact, Kim Williams was invited to another parish to teach them how to start their own electronic giving programs.)
A word of caution: Another reason our program costs were lower was due to reduced activity. This year, we are busy playing “catch-up,” and program costs will rise accordingly.
Fr. Bill Donahue
Dear Fellow Parishioners,