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August
6 ,2006 |
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Father
Anthony Farewell Census
Continues
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This
week there are an assortment of things to write about -- some sad, some
joyful, some challenging. The Millennium Fund Committee met two weeks ago to consider declaring a “dividend” from the fund that the parish can use for improvements to buildings and grounds and ministries. I’m happy to announce that the fund’s value has grown over the past year and that the Committee has announced a dividend of $103,142.50 for the upcoming fiscal year starting September 1st. We are earmarking some of this year’s dividends for boiler replacement in two of our oldest buildings. We will be continuing an evaluation of the properties and ministries with the parish Building Committee and parish staff to look at other needs that can be met with these funds. Thank you to Ed Moritz and the committee for being such good stewards of the Millennium Fund. The Parish Finance Council met this past week and has approved a balanced budget for the coming year. This is possible because of the increase in the collections each week. Thank you to all of the parishioners who took a step in giving. One challenging note is that due to this past year’s increases in insurance, utilities, and personnel, we will end this year with a projected deficit of $130,000 (down from $170,000 projected deficit a few months ago). Our new budget takes the increases into consideration and we expect to be able to finish next year without additional debt. In the meantime we discussed ways to raise funds to cover the $130,000 in unpaid bills that we’ll face at the end of the month. More info to come in the weeks ahead.
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