1st Quarter Fiscal Year Report – July 1, 2023 through September 30, 2023
PLEASE BE GENEROUS IN YOUR OFFERTORY AND GIVE APPEAL DONATIONS
Through the end of the first quarter of the 2023-24 fiscal year, parish operations show a net deficit of $57,152. Click here for full financial results. This result is in large part due to full payment, as is typical in our first quarter reporting, of annual property insurance premiums. Our annual premium has risen over $6,000 since the last fiscal year to $29,501, without any claims experience, and represents 22% of our parish expenses in the quarter. All other categories of expenses are below budget except for Administration which includes extraordinary expenses of $5,419 for the 175th Anniversary. There are no other unique expense variances to report.
GIVE Appeal donations to date are $53,415, representing 30% of our goal of $175,000. These contributions are not reflected in the parish operating results but were posted in a separate capital account when received. When GIVE Appeal donations are incorporated into our financial results, however, the quarter shows an overall net deficit of $3,737.
Overall income did not reach our budgeted target, notably because Offertory donations were below expectations. Donations were strong during our 175th Anniversary year which started July 2022. By the end of the 2022-23 fiscal year last June 30, Offertory totals were one of our greatest in years and GIVE Appeal results were among our finest. The church decided to raise Offertory and GIVE Appeal goals for the current fiscal year with the prayerful hope that a spirit of increased stewardship will inspire giving among our parishioners and friends as we carry forward the momentum of our Anniversary. Our mission to be “a church for the city” needs your most generous financial support.
Please consider increasing your weekly Offertory contribution. Setting up an automatic recurring payment is the easiest and most convenient way to assure your donation. And If you have not yet made your 2023-24 GIVE Appeal donation, please consider doing it electronically here as well by using the QR code below.
Thank you and blessings to you and your family,
Ss. Peter and Paul Jesuit Church Finance Council:
Greg Ridella Mary Gresens Bat Seymour, III
Cc: Fr. Gary Wright, SJ