From the Pastor’s Desk

To the Generous Parishioners, Benefactors and Friends of St. Constance Parish.

Thank you for your continuous support to our parish.  You give of your time, your talent and your treasure.  We try to be good stewards of the gifts given to this parish.  Here is a rendering of the financial stewardship from the last two fiscal years.

CHURCH:             Overall Church Operating Income was 1.3% lower last year than the year before.  Some income categories had increases and others decreases which resulted in a slight difference of $13,163 in operating income between the two years.  Overall Church Operating Expenses increased .3%.  Some expense categories increased while other decreased which resulted in a slight difference of $2,806.

The Operating Church Deficit (larger expenses than income/revenues) increased 60.1% from the prior year.  This larger deficit is due to the inclusion of the summer camp salaries and fringe benefit expenses to the church instead of the school.  This amounted to approximately $42,000 in additional salary expense to the church.

SCHOOL:             School Operating Income/Revenues decreased 11.9%.  Tuition, fund-raising and interest income were all lower while fees and outside funding sources increased.  Expenses decreased 2.4% from the previous year, although if the summer camp salaries had been reported correctly, expenses would have increased. Overall the school operated at a deficit when compared to a slight surplus the year before.

CAPITAL:             Capital projects in FY18 include parking lot repairs – $4,302, light replacement that was a part of TTWCI – $4,808, convent repairs – $13,468, and replacement of LED lights – $13,059.

THE FUTURE:     The parish remains committed to supporting the school with $60,000 cash subsidy annually.  An additional $10,500 of tuition assistance, Plichta scholarships and Duda scholarships is paid to    the school annually.  Also, the Kolbe School Rental – $20,000, while recorded on the church accounts is paid to the school.

The church currently has 13 local checking accounts which we are in the process of assessing the purpose and closing those found to be redundant.  There are various special purpose savings accounts but most of these funds are restricted.  The school has operating loans from FY 10, FY 11 and FY 12 which total more than $340,000.

The To Teach Who Christ Is savings account includes both donations and interest and has a balance of $212,186 as of June 30th.  These funds can only be spent on projects listed in the case study when the program began.

Please see myself, our business manager Pat Pomykalski or Finance Council Members: Jim Schiltz, Jim Liput, Dennis Pieniazek, Bernadette Kowalik, Casey Milewski with any questions.

Thank you again for your continued support.

Fr. Richard Milek , Pastor