Skip to main content

   FINANCE COMMITTEE

COMMITTEE MEMBERS

Chair: Jim Dougherty - This email address is being protected from spambots. You need JavaScript enabled to view it.
Patrick Reid
Willie Nichols

Parish Corporators:
John Schmuff 
Jim Hamilton

FINANCE COMMITTEE

At St. Joseph's, the Parish Finance Committee consists of parishioners appointed by the pastor who are qualified in financial matters. The Finance Committee meets regularly in the parish office.

The council meets to discuss the financial state of the parish.

"The 1983 Code of Canon Law has introduced a new and separate consultative body to parish life. "Each parish is to have a FINANCE COUNCIL which is regulated by universal law as well as by norms issued by the diocesan bishop" (3c).

"The purpose of the parish FINANCE COUNCIL is to provide that pastor with a group of Christian faithful who will aid him in the administration of parish goods according to these norms. While distinct from the PASTORAL COUNCIL of the parish, this FINANCE COUNCIL is to serve the goals and objectives set forth by the PASTORAL COUNCIL, both being guided by the mission statement of the parish."

Fiscal Year 2022-23 Report & Budget for Fiscal Year 2023-2024

Dear Fellow Parishioners,

          On behalf of our Pastoral Leadership Team, I am happy to present to you both the annual report for the 2022-2023 fiscal year, as well as the budget for the 2023-2024 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, you will see that our operating income surpassed that of our operating expenses by $146,122. This surplus was used to off-set the expense of installing a new HVAC system in the office building which also serves as the residence for our priests.  There was a catastrophic failure on the cooling side which required replacement of this 52-year-old system.  The total cost for this work was $380,000.  The surplus, funds collected from our parish campaign, and savings were all used to pay for this capital expense.

At a time when many parishes across the Archdiocese are struggling, we commend Fr. Jesse for his good stewardship.  Fr. Jesse's fine pastoral leadership as well as his ability to engage parishioners who volunteered hundreds of hours, both in caring for the inside of the church as well as the campus grounds over the past year, coupled with the generous financial support of many families, has led to this success. We are grateful for all those who have volunteered and financially supported the parish over the past year and look forward to more of the same in 2024.

          Also enclosed this year is our school income and expenses for the 2022-2023 fiscal year as well as the budget for the 2023-2024 current fiscal year. The school was able to fund the second phase of the HVAC system meaning now our entire school is heated and cooled, using an integrated, energy efficient system. Included in the school budgets are the shared expenses that the parish incurs as additional support to our school, above and beyond the tuition assistance we offer.

            Regarding our parish-wide capital campaign, Building on the Past, with Hope for the Future, we have received $1.5 million in pledges but still have $1 million to go.  We are thankful for all those who have already made a pledge and encourage families who have not yet participated to do so.  As the church also had a catastrophic failure on the cooling side, and the system is 52 years old now, we have to move forward in early 2024 with installing the new system.  The cost for this system is $950,000.  At this point, we will have to take a loan to cover the gap between the funds we have on hand and the total cost.  So, any gifts you can give to the campaign in December and the early part of 2024 will reduce our loan amount.

          If you have any questions, please do not hesitate to email me at This email address is being protected from spambots. You need JavaScript enabled to view it.

Please keep our Finance Chair, Jim Dougherty, in your prayers.  Jim is home now, recovery from a major surgery, as he slowly works his way back to full strength.  Please also keep his wife Chris and their children in your prayers.

Respectfully in Christ,

Pat Reid, Acting Finance Chair

 Jim Dougherty, CPA- Finance Chair                           George Wanga, Pastoral Council
Dr. John Schmuff, Parish Corporator                         Willie Nichols, Finance Committee
        Jim Hamilton, CPA - Parish Corporator