Finance Council

Message from the Parish Finance Council

Dear Parishioners,

Your Parish Finance Council is pleased to report on the financial affairs of our parish for the calendar year ending December 31, 2018.  As representatives of the parish community, we are mandated, under guidelines from the Diocese of Hamilton, to provide accountability and governance to the financial affairs of the parish, and to provide a comprehensive and transparent year-end summary of the parish’s income and expenditures.

In addition to Father Rafal, the Finance Council is made up of seven lay volunteers who meet at various times throughout the year to review and approve financial statements, major expenditures and other business transactions that may impact the financial state of the parish.

In 2018, total revenues were $537,468 and total expenditures were $480,319, leaving a surplus of $57,149.  Revenue for the parish includes weekly collections (including pre-authorized payments), New Year’s Day, Easter and Christmas Day collections.  The weekly target of $7,500 has been in place for many years and was again met for 2018.

Each year the surplus is used for extraordinary improvements, to repay the debt to the diocese, or for maintenance items identified by the Property and Maintenance Committee.   We ended 2018 with a modest surplus.  The surplus will be used to help pay for some major expenses, including a new roof, that the Building Committee has identified as urgent.

The parish debt to the diocese has been reduced from $66,012 to $28,549.  This debt was fully repaid in February of 2019.    The number of parishioners who utilized pre-authorized payments to make their contribution has increased.  If you would like to use the pre-authorized payment method, please contact Patrycja at the parish office.

Please review the annual report for 2018.  If you have any questions you can ask any of the members of the Finance Council.   We sincerely thank you, the parishioners, for your continued financial support of our parish community.  We wish you peace, happiness and good health in 2019.

 

 Sincerely,

Parish Finance Council

 

 

Fr. Rafal Tomon, Pastor………….. 519-886-0342                Lisa Collins…………………………………………….. 519-504-7167
Allan Beaupre………………………… 519-650-4284               Louise Ervin…………………………………………….. 519-746-8380
Alun Masterton……………………… 519-576-1082                Luke McAuley…………………………………………….. 519-746-7861
Danny McKinnon ………………….. 519-884-9330                Victor Perera…………………………………………….. 519-568-7638