St. Michaels Church 2016-17 Annual Report 2016 By the numbers - - PDF document

• St. Michael’s Church

2016-17 Annual Report 2016 By the numbers…

Average Sunday A-endance – 1,025

Registered Families – 2,103 Bap;sms – 50 Adults Received into Church – 10 Weddings – 16 Funerals - 23

Pastor’s Message

More by the numbers

550 - Masses Celebrated 95 Hours – of Confessions 48 – First Communions 65 – ConfirmaBons 90 – Homebound Parishioners Visited Regularly 20+ – Parish Ministries Pastoral Care to: 2 – Elementary Schools 2 – UniversiBes 4 – Seniors Residences Shared Pastoral Care to: 3 – Hospitals 1 – High School I am always amazed to look around our parish to see how much good work is being done in the name of Jesus Christ. For this reason we have decided to expand our annual Financial Report into a parish ‘Impact’ report, highlighBng where your financial giWs are being used to build up our parish. In the name of faith formaBon, we have many dedicated volunteers helping us in our liturgical ministries, faith sharing groups, adult catechesis, and of course the work done in our schools to impart the faith to our young people through parish-sponsored retreats and sacramental preparaBon. It’s also incredible to realize how much outreach work we as a parish are involved in. Our Social JusBce commiYee has done amazing things in support of the Africa Project, has sponsored and assisted many refugee families, and has worked hard to raise money for the annual ShareLent campaign. We also look to our St. Vincent de Paul Society which does so much good work in giving a leg up to those in our immediate community that need help with groceries and

• ther unmet needs.

We also have a dedicated team of those who visit the homebound in our parish, including our seniors in reBrement homes – such an important ministry of bringing Christ to those who are no longer able to join us at church. We are also blessed with an acBve parish CWL council which is always hard at work, offering hundreds of hours of volunteer assistance to the church and community at large, as well as a Social CommiYee which builds up community with iniBaBves like the Pasta Supper and Coffee Sundays. The list is extensive, and I am grateful to be pastor of such a diverse, engaged and enthusiasBc parish! Community is such an important part of growing in our faith, and we look forward to conBnued strength in building up our Christ-centred parish! In Christ,

2016 2015 Cash and Bank 53,753 $ 73,026 $ Deposit at Chancery Office 45,071 43,745 Accounts Receivable - GST 11,458 11,853 Total Assets 110,282 $ 128,624 $ Accounts Payable 48,045 $ 54,606 $ St Michael's Parish Refugee Support Fund

• 13,803

Loan from Chancery 60,000 60,000 Total Liabilities 108,045 $ 128,409 $ Parish Equity 2,237 $ 215 $ Total Liabilities and Equity 110,282 $ 128,624 $ 2016 2015 Receipts Regular Collections 414,511 $ 437,200 $ Weddings, Baptisms and Funerals 11,865 8,050 Societies & Parish Committees 208 333 Interest Earned on Chancery Deposit & Bank Interest 1,326 1,283 Parish Centre & Parking Lot Rental 23,400 22,200 Religious Articles 7,922 6,120 Sacramental Preparation & Parish Programs 6,277 5,026 Building Our Future Campaign 11,312 23,460 Mass Stipend Revenue 4,730 3,735 Other, incl. Syrian Refugees 24,372 22,508

• St. Michael's sub-total

505,923 $ 529,915 $ Special Collections for the Diocese Of Hamilton 19,355 22,097 Total of All Receipts 525,278 $ 552,012 $ Expenses Church Expenses 133,682 $ 138,902 $ Rectory Expenses 28,291 34,981 Administration Expenses (Includes HST Expense) 28,199 26,987 Salaries, Professional Fees & Benefits 202,927 202,910 Parish activities, ministries and committees 13,759 20,866 Retreats, Seminars and Honoraria 2,806 2,737 Support of other charities 3,585 5,425 Capital & Major Expenditures 17,565 64,730 Diocesan Collections sent to Chancery 19,355 22,097 Hamilton Diocese Cathedraticum (Levy) 45,710 48,127 Total of All Expenses 495,879 $ 567,762 $ Excess of Receipts over Expenditures 29,399 $ (15,750) $

2016 Church Parking Lot Consulting Fees 15,244 $ Misc 2,319 Total Capital & Major Expenditures 17,563 $

• St. Michael's Parish

Balance Sheet As At December 31, 2016 (With Comparative Figures for 2015) Assets Liabilities and Parish Equity

For the period January 1 to December 31, 2016

Liabilities Parish Equity Statement of Receipts and Expenditures For the period January 1 to December 31, 2016 (With Comparative Figures for 2015)

Statement of Capital & Major Expenditures

2016 Financial Report

Life Changing Generosity

Commentary on our 2016 Finances The Finance CommiYee is pleased with the support and generosity of you the parishioners of St. Michael’s. With your generous support we conBnue to operate on a solid financial fooBng. However, while our balance sheet remained stable in 2016, we do have to note that our collecBon offerings were down about 5% from 2015. This would not be of great concern, but this trend seems to conBnue as our 2014 report also showed a 5% downward trend, resulBng in a 10% revenue decrease over the past 2 years. We conBnue to operate a balanced budget, but we need to make the parish aware of the reality of our falling revenues, and the implicaBons that may result in our ministry should this trend conBnue. Prudent Stewardship of your Sacrificial Giving The parish staff and Finance Council strive to maximize every dollar that we receive. In the past few months, we have reviewed our expenses, and have taken acBons where we are able with cost-savings. We conBnue to closely monitor our spending, and will take acBon to reduce our costs wherever possible. 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 commiYed to this parish that we love, and conBnue to devote all of our energies to serving you to the fullest. The second largest expense is for the operaBon of the church building. As we all know from our

• wn household finances, uBlity costs and property upkeep are ever-present realiBes. We

anBcipate these expenses to conBnue creeping upward, but we also conBnue to seek ways to reduce our costs wherever possible. FaciliBes There is always need to maintain our parish home. 2016 was a quiet year for capital expenditures, but we do have some significant projects on the horizon. This year’s big project is the repaving of our parking lot, which will prove to be the largest capital project in our history. This of course will add debt to our balance sheet, but we are at a point where we can no longer ignore the deterioraBon of the pavement, as well as the necessity to upgrade our storm sewer system to meet city building codes. In the future, there will also be a ‘wish list’ of items that will need to be addressed when our finances allow, including the lighBng in the church as well as our sound system. In addiBon, general upkeep and an awareness that unforeseen expenses with

• ur building structure as well as mechanical equipment is always a possibility. With your help,

we can keep our parish home funcBonal, and aestheBc!

Looking Forward To assure a strong and vibrant parish long into the future, we will be looking for consultaBon and input from you later this year as we put together a long-term Pastoral Plan for St. Michael’s. We do a lot of things well, but there is always room for growth. In parBcular, our parish could be beYer served with staff and volunteers for youth ministry, as well as to bring back the posiBon of Parish Nurse to fill the very important role of supporBng our seniors and those suffering with illness. Likewise, further aYenBon can and should always be directed to programs for faith formaBon, evangelizaBon, and social jusBce outreach. Your input will be vital to help us determine the prioriBes that are important to you, the parishioners at St. Michael’s. There is much to be done, but together, we can keep the light of Christ burning brightly in our corner of Waterloo!

Support of other ChariBes in 2016

Charity

Amount

Africa Project (Child Sponsorships) $ 56,696 Africa Project $ 15,494

• St. Vincent de Paul

$ 35,315 Christmas Sharing Project $ 810 Waterloo Catholic Schools FoundaBon $ 400

Total Support of Other Chari5es: $ 84,056

Ti Tiank yo you fo for yo your generositz tz tp tp ti tiese worti tiy y causes!

• St. Michael’s ‘Curb Appeal’

Our Parking Lot Fundraising Campaign

Help us to turn this… Into this!

Our crumbling parking lot has been ‘tread’ upon long

• enough. AHer 50+ years of faithful service, it’s 5me for

a repave. We appreciate your generosity in helping us to turn our potholes into beau5ful black top! A special envelope is aMached. Your car will thank you!