FY25 Interim Financial Report
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FY25 Interim Financial Report: July 2024 - December 2024
Dear Parishioners of Saint Agnes and Saint Camillus,
As we continue our journey through the fiscal year, we wish to share a brief financial update and express our gratitude for your commitment and generous support of the Grand Annual Collection. A sincere thank you to all who participate in the Offertory Commitment Program last October. Your generosity has helped to stabilize our finances and will allow us to properly focus on immediate maintenance needs.
Saint Agnes Parish ended the first half of the fiscal year (July–December 2024) with an operating gain of $257,719, which included a major bequest of $227,768. Thanks to your generous contributions of $52,725 to the first part of the Grand Annual Collection, we were able to complete the following projects: repairs to the church steeple for $21,690 and masonry repairs to the church exterior for $9,987.St. Camillus Parish ended the first half of the fiscal year with an operating net loss of $23,215. We are grateful to all who contributed $41,036 to the first part of the Grand Annual Collection. Your support made the repairs to the heating system possible. The financial statements for both parishes during this period can be viewed below.
At St. Agnes, your continued support will help us address several pressing maintenance needs identified by the Facilities Committee: repair the Church chimney for $27,690, repair and repaint the louvers in the Church towers for $69,750, and readjust entrance doors and repair/replace hardware the for $32,157.
At St. Camillus, our Facilities Committee is also assessing critical maintenance needs: repairs to the Bell Tower for $325,000.00.
As we begin the second part of the Grand Annual Collection, we respectfully ask each working person to consider a donation of $350, and we hope those who are able will respond with even greater generosity.
Thank you for your continued faith, support, and generosity.
With gratitude,
Very Rev. Marc J. Bishop, V.F., Pastor
on behalf of the St. Agnes and St. Camillus Finance Council.rim Financial Report
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FY25 Interim Financial Reports as of December 2024
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St. Agnes
Actual Budget REVENUES Offertory $384,275 $418,400 Grand Annual 52,725 62,500 Faith Formation 15,946 19,000 Sacramental Offerings 33,365 48,000 Gifts 36,176 28,500 Bequests1 258,442 - Catholic Appeal Rebate 8,680 5,000 Flowers and Other Income 13,829 7,100 Investment Income 41,878 49,000 Total Revenue 845,316 637,500 EXPENSES Compensation and Benefits 290,153 315,500 Clergy Compensation and Benefits 52,016 54,900 Office and Administrative 46,408 40,000 Household 10,080 12,500 Utilities 48,581 47,425 Insurance 27,300 29,000 Buildings and Grounds 44,399 48,000 Pastoral and Liturgical 40,282 33,500 Central Ministry Tithe 18,614 19,500 Capital Improvements2 38,245 25,000 Miscellaneous 1,470 2,175 Total Expenses 617,548 627,500 Net Income $227,768 $10,000 Other Financial Information: 1. St Agnes Parish received a bequest of $258,442. 2. St Agnes Parish completed various security improvements totaling $38,245.
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St. Camillus
Actual Budget REVENUES Offertory $136,552 $137,000 Grand Annual 41,036 35,000 Faith Formation 791 1,700 Sacramental Offerings 9,465 11,000 Gifts 1,494 7,500 Bequests - - Catholic Appeal Rebate 8,864 11,000 Flowers and Other Income 3,710 2,500 Interest Income 2,952 1,800 Rental Income 78,850 79,000 Total Revenue 283,714 286,500 EXPENSES Compensation and Benefits 112,598 117,600 Clergy Compensation and Benefits 34,599 35,500 Office and Administrative 3,073 4,200 Household 3,905 4,500 Utilities 42,335 35,000 Insurance 29,580 30,000 Buildings and Grounds 39,245 27,700 Pastoral and Liturgical 10,931 7,500 Central Ministry Tithe 24,053 21,250 Capital Improvements1 5,500 - Miscellaneous 1,110 750 Total Expenses 306,929 284,000 Net Income $(23,215) $2,500 Other Financial Information: 1. St Camillus Parish completed capital improvements for $5,500.
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