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Every
year the Finance Council and I release a financial statement which shows
the income and expenses of St. Brigid’s Parish. The fiscal year
ends in August and usually it takes a few months to prepare the report
after the final numbers are in. Therefore I usually publish the report
around January each year.
This past year, I never got around
to printing the report. There’s no reason -- good or bad -- it just
was low on my “to do” list -- and I’m not proud of that.
So during my recent convalescence, I’ve been clearing up some things
that needed to be done and this week, I’ve finally gotten around
to print the (drum roll please) the 2005-2006 Annual Financial Report
of St. Brigid’s.
*Note
to our online readers. We published the financial report in the bulletin.
If you missed getting your own copy, we have some extras in our business
office.
The information there is really
a year old so let me take a moment here to tell you what’s happened
since that report:
• The parish began this current fiscal year owing $150,000
in outstanding bills. We paid $100,000 of the debt and
we’ve stayed current on our bills this year. That’s a great
accomplishment.
• The only significant outstanding bills are ones we
owe the diocese for the past several assessments
• Since February, we’ve lost $18,000 a month in rental
income from the convent. That’s $108,000 to date.
We owe the diocese $117,200. That means if we hadn’t
lost the tenant, we would be very close to break-even!
Our remarkable ability to balance
our budget (except for the rental loss) came from increased giving in
the collection, the number of people who signed up for automated giving,
rental income from the use of the school building, increased religious
education income, staff reductions and streamlining printing costs.
Thank you for your ongoing support
of the parish. We keep working toward finding a new tenant for our convent
building so please keep praying for success in this endeavor.

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