Fiscal Year 2023-24 Report & Budget for Fiscal Year 2024-2025
Dear Fellow Parishioners,
On behalf of our Pastoral Leadership Team, I am happy to present to you both the annual report for the 2023-2024 fiscal year, as well as the budget for the 2024-2025 fiscal year. The Pastoral Leadership Team, led by our Pastor, Fr. Jesse Bolger, consists of our two lay Parish Corporators, the Finance Committee, and Chair of the Pastoral Council. The Parish Business Manager, Mrs. Norma Wagner, CPA, created the pie charts that can be found in the bulletin as well as on our website. In studying the pie charts for the past fiscal year, which ended on June 30th, you will see that our operating income surpassed that of our operating expenses by $41,888.
We commend Fr. Jesse for his continued dedication to St. Joseph Church & School and his vision for our parish. Fr. Jesse's priestly leadership, as well as his ability to engage parishioners, which includes two volunteer staff positions, continues to produce a spirit of generosity, reflected both at the staff level as well as in the flourishing of our campus and ministries. We are grateful for all those who have volunteered their services as well as those who have financially supported the parish over the past year. Regarding the current fiscal year, which began on July 1st, our offertory collections are running 6% below what was budgeted to reach a balanced budget. As a result, we are currently running a deficit. To those who participated in the fall stewardship program, we thank you. For those who have not yet done so, we would encourage you to prayerfully consider doing so.
We have also included our school’s income and expense reports for the 2023-2024 fiscal year as well as the budget for the 2024-2025 current fiscal year. Included in the school reports are the shared expenses that the parish incurs as additional support to our school, above and beyond the parish-based scholarships we offer each year.
Regarding our parish-wide capital campaign, Building on the Past, with Hope for the Future, we have received $2.1 million in pledges towards our goal of $2.5 million. We are thankful for all those who have already made a pledge and encourage families who have not yet participated to consider making a gift. Our hope is to commence with Phase II of our capital campaign in early June, which will consist of a major renovation to the interior of our church. This project is slated to take 15 weeks. During the renovation, all church liturgies will be celebrated in our parish center. As fellow Catholics from surrounding parishes impacted by Seek the City look for a new parish home, we believe this renovation to the interior of our church will serve not only to enhance our worship, but will attract new members as well, thereby strengthening the Mystical Body of Christ here at St. Joseph Church & School, and beyond.
If you have any questions, please do not hesitate to email me at
Respectfully in Christ,
Jim Dougherty, CPA- Finance Chair
