Finance Council

Message from the Parish Finance Council

Dear Parishioners,

Your Parish Financial Council is pleased to report on the financial affairs of our Parish for the calendar year ending December 31, 2020.  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 5 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 2021 total revenues were $683,856.96 and total expenditures including extraordinary expenses were $366,481.05 leaving a net income of $317,610.91.  The total revenues included monies from the One Heart One Soul Campaign along with Government subsidies totaling $245,152.63.

If you wish to use the pre-authorized payment plan please contact one of the finance committee members or the office to set it up.

With another year of COVID impacting attendance which this year ran at approximately 30% of normal (pre-COVID) capacity, weekly collections including pre-authorized payments were down by 8% compared to 2020. Expenses were trimmed this year to keep the parish in a secure financial position. The weekly target of $7,500 which has been in place for many years was down to $6,156.00 as an average weekly amount not including Christmas, Easter and New Years Collections.

Regarding the One Heart One Soul Campaign, we are happy to report on how some of the funds that were collected and continue to be collected through pledges for the One Heart One Soul Campaign have been spent in our parish. The main designation for funding in our campaign was the need for major upgrades and improvements to the parish buildings.  Most of the items identified at the start of the campaign have been completed and paid for with the campaign pledges. A summary of the campaign is listed below:
We sincerely thank you, the parishioners, for the continued financial support of our parish community including your special support of the One Heart One Soul campaign. May God’s Blessing be with all of you.

Sincerely,

Parish Financial Council

 Fr. Rafal Tomon, Pastor………….. 519-886-0342                Lisa Collins…………………………………………….. 519-504-7167

Louise Ervin………………………….. 519-746-8380                Alun Masterton…………………………………………….. 519-576-1082

Danny McKinnon ………………….. 519-884-9330                Victor Perera…………………………………………….. 519-568-7638