April 29, 2019
Dear Parishioners,
Here is the announcement I made at this past weekend's Masses
about financial recording and
reporting. If you have any questions, please call myself or
Melissa.
Thank you for your attention,
Fr. Pat
Financial
Recording and Reporting
In the past, the loose cash and coin put in the Sunday collection was
given a separate
designation
as “School Support Fund”. These moneys will now simply be added to the
category
“Offertory Collection”.
In
the past any automatic giving that was not designated for a specific purpose
was
called
Undesignated Gift. We will now begin directing these funds to the Offertory
Collection
as well.
These
changes will allow for clearer and simpler reports, both in the bulletin and in
more
frequent mailings. As a result, you will notice that the amount listed as
Offertory
Collection will greatly increase, giving a more realistic view of our parish's
financial
health.
Most
importantly, Pax Christi has reached an agreement with Sts. Peter & Paul
School
and with the diocese, to limit our support to the school to $100,000 a year,
which
is slightly less than we paid last year. Although we will technically be held
to
20%
of our collections, there will be a limit of $100,000 to what we will be
required
to
pay.
Although
we do indeed send fewer students to Sts. Peter & Paul School than some
other
parishes, it is also the case that we have the resources to support the school
to
an
extent that other parishes don't. We hope this arrangement will satisfy our
parishioners'
concerns.
The
number of envelopes that will be included in the month mailing will be reduced,
since
a number of separate funds are being consolidated into the Offertory
Collection.
These
changes will begin with the envelope packet you receive for July.