Our loan balance on July 1, 2021 was $1,667,452.11. During the first 6 months of this fiscal year (Jul – Dec 2021), we made both principal and interest payments: $1,000,224.89 (principal) and $33,916.52 (interest).
Thank you to everyone who continues during this pandemic to support the mission and ministries of our parish. During the month of December (excluding Christmas), our average weekly collection was $20,568 (8% increase vs. November 2021).
Our loan balance on July 1, 2020, was $2,029,798. During the first six months of this fiscal year (Jul – Dec 2020), we made both principal and interest payments: $144,246 (principal) and $49,924 (interest). These payments were funded from both the Sunday Offertory ($144,346) and ($49,824) from our first of the month 2nd collection. Our loan balance as of Dec. 31, 2020, was $1,885,552.
As good stewards of the treasure you entrust to us, we are taking steps to “clean-up” our envelope mailing and distribution list. For all those who currently are receiving envelopes and did not use them in 2019, we will be removing you from our mailing list. This will reduce our expenses significantly.
Thank you to everyone who supported the mission and ministries of our parish during the month of September. Our average weekly collection was $18,869. You also generously donated to various important causes in our September (2nd Collections) in the amount of $20,136 ($4,027 a week.) This brings our September total to $22,896 a week. We budgeted our Sunday Offertory income for the first month of the new fiscal year (13 weeks) at $260,000 and received $259,545. Any additional income helps us to pay-down our $2.3 million debt. As you know, we are totally dependent upon you all our parishioners for our livelihood.
Many employers offer matching gift programs to encourage employees to contribute to charitable organizations. Some provide matching funds to support employee volunteer hours. Most of these programs match contributions dollar for dollar, and some will even double or triple the amount of your gift! This is yet another way in which you can financially support St. Francis of Assisi.
Thank you to everyone who supported the mission and ministries of our parish during the month of May. Our average weekly collection was $19,762 (lowest of the year). You also generously donated to various important causes in our May Second Collections in the amount of $20,093 (not including Catholic Charities – TBD). Our parish needs $20,000 a week for us to meet many of our financial responsibilities. We budgeted our Sunday Offertory income for the first 11 months (46 weeks) at $920,000 and received $978,000. This additional income helps us to pay-down our $2.5 million debt. As you know, we are totally dependent upon you all our parishioners for our livelihood. We are so grateful for the sacrifices you make so that the work of St. Francis of Assisi Parish may continue to impact the lives of so many.
Thank you to everyone who supported the mission and ministries of our parish during the month of March. Our average weekly collection was $21,711. You also generously donated to various important causes in our March Second Collections in the amount of $34,712! As you know, we are totally dependent upon you all our parishioners for our livelihood. We are so grateful for the sacrifices you make so that the work of St. Francis of Assisi Parish may continue to impact the lives of so many.