Once every year we are required by the Diocese of St. Cloud to fill out our “Annual Diocesan Financial Report” and send this to the Bishop’s Chancery office for review. This was done August 15th after having it approved by our Parish Corporate Board. We are required then to also make this financial statement public, so all those who have contributed and who are part of our parish communities are informed of what is going on. Inserted in all our bulletins this week, is a basic snapshot of the “Annual Financial Report” for the fiscal year July 1, 2015 thru June 30, 2016 for both St. Peter and St. Paul parishes. On the back side, we have also printed some vital statistics which the Diocese also requests and which I think would also be interesting for your review. Please take time to look at these financial reports.
Overall, I feel both parishes have done very well. We ended up in the “black” once again, but not without some continued adjustments on the expense side of our budget sheets. Both St. Peter and St. Paul continue to see a slow decline in income for the fiscal year, yet we were still able to lower our expenses and stay within our budgets. St. Peter’s Ordinary Income dropped by -$36,000 from the previous year while St. Paul’s Ordinary Income dropped by -$28,000 over the past year (an average of minus $31,000 for each parish.) Ordinary Income is the “meat and potatoes” of our Parish Operating Financials, so this continues to be somewhat of a challenge for us. Yet, this being true, St. Peter did end up with a net of $33,500 plus while St. Paul ended with a plus $61,500. That is good!
These numbers should not overshadow the fact that we have some very generous members in both parishes who contribute their time, talent and treasure very well to help keep our parish communities alive and going. We are learning how to do, so much more, with so much less and still maintain a Spirit-based life in Christ. I want to thank all those who do contribute regularly and encourage those who do not give (approx. 33% of all parish members) to consider helping out by contributing to your regular Sunday Collection Envelopes or consider Electronic Contribution for your convenience. If you have questions about either of these take a look at our Website or Bulletin or simply call our Parish Office and they will certainly help you out. Thank you all for your charity and may God bless!