St. Michaels Church 2017-18 Annual Report 2017 By the numbers - PDF document

St. Michael’s Church � 2017-18 Annual Report 2017 By the numbers … Average Sunday Attendance – 1,091 Registered Families – 2,163 Baptisms – 61 Adults Received into Church – 5 Weddings – 7 Funerals – 19 Christmas Mass Attendance: 2,463

Pastor’s Message Once again this year I am pleased to present to you our annual parish report. There are so many amazing things More by the numbers happening at our parish that last year we decided to expand the annual Financial Report into a parish ‘impact’ 550 - Masses Celebrated report, giving us the opportunity to highlight what is going 95 Hours – of Confessions on beyond the dollars and cents. Our many volunteers continue to commit themselves to 53 – First Communions service in our parish and within our community, and for 73 – Confirmations this I am eternally grateful. Whether it is your work in liturgical ministries, care for our elderly and homebound 90 – Homebound Parishioners parishioners, our social justice initiatives, our SVDP and Visited Regularly the CWL, our faith formation teams, or the numerous people working in the background on so many things – 20+ – Parish Ministries your time and commitment are what allow St. Michael’s to continue to be such a vibrant parish! Pastoral Care to: 2 – Elementary Schools In the past year, we have also begun many more initiatives 2 – Universities including a Grief Support Group, a Vacation Bible School, and we have also been laying the ground work for a Youth 4 – Seniors Residences Group, a Bible Study, and in September we are excited to introduce the Alpha program to our parish which serves to Shared Pastoral Care to: draw participants closer in relationship to Christ. There is 3 – Hospitals life here in our church, and we continue to move forward 1 – High School with new opportunities to engage our community! In February we began the process of developing a Pastoral Plan for St. Michael’s, and I am very grateful for the large response to our parish survey. I have been a bit slow putting it all together, but will begin meeting with a newly formed Parish Leadership Team to digest the data we have received, and begin to look forward as we develop a renewed direction for our parish. All in all, our future is bright, and coming to the end of my second year at St. Michael’s I am optimistic that we will continue to grow and continue to be a welcoming and Christ-centred community in our city! In Christ,

St. Michael's Parish Balance Sheet As At December 31, 2017 (With Comparative Figures for 2016) 2017 2016 Assets Cash and Bank $ 76,580 $ 53,753 Deposit at Chancery Office 0 45,071 Accounts Receivable - GST 74,164 11,458 Total Assets $ 150,744 $ 110,282 Liabilities and Parish Equity Liabilities Accounts Payable $ 56,284 $ 48,045 Loan from Chancery 307,000 60,000 Total Liabilities $ 363,284 $ 108,045 Parish Equity Parish Equity $ (212,540) $ 2,237 Total Liabilities and Equity $ 150,744 $ 110,282 Statement of Receipts and Expenditures For the period January 1 to December 31, 2017 (With Comparative Figures for 2016) 2017 2016 Receipts Regular Collections $ 434,750 $ 414,511 Weddings, Baptisms and Funerals 10,801 11,865 Societies & Parish Committees 190 208 Interest Earned on Chancery Deposit & Bank Interest 596 1,326 Parish Centre & Parking Lot Rental 22,600 23,400 Religious Articles 6,744 7,922 Sacramental Preparation & Parish Programs 2,300 6,277 Building Our Future & Parking Lot Campaigns 54,365 11,312 Diocesan Donation Towards Parking Lot 63,000 0 Mass Stipend Revenue 3,225 4,730 Other, incl. Syrian Refugees 8,577 24,372 St. Michael's sub-total $ 607,148 $ 505,923 Special Collections for the Diocese Of Hamilton 17,100 19,355 Total of All Receipts $ 624,248 $ 525,278 Expenses Church Expenses $ 153,043 $ 133,682 Rectory Expenses 21,552 28,291 Administration Expenses (Includes HST Expense) 19,240 28,199 Salaries, Professional Fees & Benefits 192,918 202,927 Parish activities, ministries and committees 16,989 13,759 Retreats, Seminars and Honoraria 2,477 2,806 Support of other charities 1,745 3,585 Capital & Major Expenditures (PARKING LOT) 359,724 17,565 Diocesan Collections sent to Chancery 17,100 19,355 Hamilton Diocese Cathedraticum (Levy) 54,334 45,710 Total of All Expenses $ 839,122 $ 495,879 Excess of Receipts over Expenditures $ (214,874) $ 29,399

2017 Financial Report Life Changing Generosity Commentary on our 2017 Finances The Finance Committee appreciates the support and generosity of you the parishioners of St. Michael’s. With your generous support we continue to operate on a solid financial foundation. We are happy to report that in 2017 we saw a reverse of the downward trend in giving that we have experienced in previous years, and we actually saw a slight increase in collections, as well as donations toward our parking lot project. This is of course good news, but as we all know expenses continue to climb, and we continue to keep a close eye on our spending in order to maintain a balanced budget. Also of note, as you will see, the parish generously gave donations in excess of $116,000 in support of parish-supported initiatives such as the Africa Project, St. Vincent de Paul, and our Refugee fund. Thank you for heeding the gospel’s call to helping those in need! Prudent Stewardship of your Sacrificial Giving The parish strives to maximize every dollar that we receive. We continue to review our expenses, and have taken actions where we are able to realize cost-savings. It is our goal to direct as much of our funding as possible in service to you, our faithful parishioners. As you will observe, our single largest expense goes to salaries for our pastoral team, with this goal in mind. Know that our dedicated staff care about and are committed to this parish that we love, and continue to devote all of our energies to serving you to the fullest. The second largest expense is for the operation of the church building. As we all know from our own household finances, utility costs and property upkeep are ever-present realities. We anticipate these expenses to continue creeping upward, but we also continue to seek ways to reduce our costs wherever possible. Facilities & Parking Lot This past year we finally undertook the biggest capital project in the parish’s history, the repaving of our parking lot. The old pavement had deteriorated to a point that we could no longer ignore. We repaved, as well as installed new storm sewers which was needed to comply with current building codes. The entire project came in at $374,000 (some of which were consulting fees paid in 2016). Of this amount, the Diocese provided a gift in the sum of $63,000, and agreed to fund a two-tiered loan with a portion at 0% interest, and the remaining portion at 4%. After all was said and done, we were able to raise approximately $50,000 toward the project, leaving us with a current loan of about $260,000. Our hope is to aggressively chip away at this amount to get us back to debt-free status. This year we also incurred some unexpected building expenses – we had a leaking roof which needed to be repaired at a cost of about $20,000. The other big item was repairs to our aging boiler which required repair and maintenance totaling approximately $15,000. There’s always ‘something’, and like your personal homes, our parish home continues to need ongoing maintenance, and your generous gifts to our building fund are always greatly appreciated.

Support of other Charities in 2017 Charity Amount Africa Project (Child Sponsorships) $ 60,365 Africa Project $ 22,677 St. Vincent de Paul $ 32,484 Christmas Sharing Project $ 420 Waterloo Catholic Schools Foundation $ 400 Total Support of Other Charities: $ 116,346 Ti Ti ank yo you fo for yo your generosi tz tz tp tp ti ti ese wor ti ti y y causes! Looking Forward Our Parish Mission Statement is “ We are God’s people called to worship and serve Christ Jesus in community on the journey of faith .” We are indeed called to worship and serve, and this will be the focus of the Pastoral Plan that we are developing. We do so many things well, but there is always room to do things even better. There are two types of parishes – one can be referred to as a ‘Maintenance Parish’ where we remain content with the status quo. The other type is a ‘Missionary Parish’, which is one that is always looking forward, always looking for new opportunities, and always looking to grow in faith and numbers. I like to think that St. Michael’s fits into the latter category. The Good News of Jesus Christ is too important to keep to ourselves, and through our various initiatives as a parish, and our social justice outreach, we continue to look forward with great hope. With your help and prayers, we can continue to be a beacon of light shining brightly in our city of Waterloo! - Fr. Dave