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Holy Family Cathedral » Rector » The Rector’s Report: August to October Finances

The Rector’s Report: August to October Finances

Dear Parishioners of Holy Family Cathedral,

I have been asked by the Parish Council to give three month updates as to the condition of our finances.

As you may remember, in the August Cathedral News, I gave you the stats for May, June and July 2011 and 2012 as to the giving level of the parish. I was very pleased with the result of the request made in May. I realized that everyone would not be able to increase their donations and I asked for a 20% raise. The math would indicate that the result was actually an 18% raise and it truly made a huge difference during the summer months. For this cooperation and dedication I sincerely thank all of you.

This month we are going to provide the income against the expenses so that you can see where we are presently. I must caution all of you as you read this because October has for some reason or another always been a very lean month for income and not so for expenses.

              Revenue    Expenses    Difference
Aug-12    $69,011    $74,103    -$5,092
Sep-12    $70,473    $80,939    -$10,466
Oct-12    $72,097    $78,996    -$6,899

Revenue shows in blue on the chart. Expenses are in red. Parish expenses exceed revenue by an average of about $7,500 for these three months.

 

So please view the chart and pray for a very good Christmas with no great snow or ice. We are on the cutting edge and may have to make some very difficult decisions come the New Year.

Thank you again for your cooperation and generosity, please continue to keep us in your prayers.

Sincerely in the Holy Family,

Msgr. Gregory A. Gier
Rector

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