2004 Finance Report and Grand Annual Collection

September 26, 2004

Dear Parishioners,

Sacred Heart Parish has been a vibrant Catholic community in North Quincy for one hundred and one years.  For the past eight and a half years it has been my privilege to serve as your pastor.  During this time I have witnessed your strong commitment and generosity in maintaining and improving our parish buildings and property.

In keeping with tradition, our Grand Annual Collection will occur on next weekend, October 2nd and 3rd. The finance council has set a parish goal of $100,000.  I ask that you continue to mirror the great generosity of the generations of parishioners who have preceded us.

In the past year numerous improvements were made. The church roof was repaired. New copper downspouts were installed on the church. Two ramps were built in the lower church to improve access to the penance rooms. An improved sound system and two Bose speakers were installed in the main church. Tiles were replaced in two stairways and in two classrooms in our school. The second of our three loans was repaid. All of this was possible by your financial support of our parish.

The spreadsheet below contains the financial report for our church and school for the years 2003 and 2004. I am very grateful to the members of the parish finance council for their time and expertise as we strive to remain good stewards of our parish’s resources.

Our need is great as we begin the second century of Sacred Heart Parish. If each family contributed, our goal would be surpassed. Some parishioners are able to contribute $100, $500, $1,000 or more. Some parishioners may choose to make their Grand Annual Contribution over a number of payments. Whatever amount you choose to contribute, I will be most grateful.

For your convenience, Grand Annual Collection envelopes are available at the rear of the Church if you did not receive one in the mail.

May our participation continue to support our church, school and religious education programs where our Catholic faith is nourished.

Gratefully,

(Rev.) John W. O’Brien
pastor

Church Income: 6/30/03 6/30/04 School Income: 6/30/03 6/30/04
Offertory 428,910 412,966 Tuition 844,212 908,570
Grand Annual 76,447 92,125 Tuition Extended Day 75,072 79,111
Capital Improvements 53,646 53,485 Fees & Other Income 6,670 37,968
Promise for Tomorrow 17,813 16,386 School Tax 11,041 11,031
St. Vincent De Paul 5,700 5,853 Catholic School Foundation 18,000 18,000
Diocesan Collections 75,229 78,271 Tuition Aid/Awards 7,800 6,800
Baptisms, Weddings, Funerals, Masses 51,822 52,273 Bingo Proceeds 210,000 250,000
Gifts, Bequests, Memorial Fund 33,641 39,057 Gifts - Endowment/Technology Fund 42,387 6,451
Flowers 2,635 3,170 Catholic Women's Club 14,000 7,000
Fundraising 25,794 21,249 Rental Income 17,255 14,535
Religious Education 13,345 11,650 Interest Income 7,314 5,936
Interest Income 21,536 15,019 Parish Contribution for Expenses 167,300 106,171
Bulletin Ads 4,500 6,500 Tax-Deductible Donations
N/A
 20,490
Insurance Theft Claim/Other Income 15,333 11,739 PTO Donation
N/A
 5,000
Rental Income
N/A
 2,800 Sacred Heart Basketball Donation
N/A
 10,000
Centennial
N/A
 45,800
Total Income: 826,351 868,343 Total Income 1,421,051 1,487,063
Church & Rectory Expenses: School & Convent Expenses:
Salaries & Employee Benefits 346,192 332,098 Salaries & Employee Benefits 1,178,765 1,202,261
Hospital Chaplain 6,310 6,913 Professional Fees 35,835 35,391
Religious Ed Salaries & Expenses 59,029 53,335 School Supplies & Books 54,149 84,816
Maintenance/Acquisition/Improvement 55,918 74,046 Maintenance/Acquisition/Improvement 146,459 43,936
Property Insurance & Liability 18,918 20,192 Property Insurance & Liability 24,724 17,875
Electric, Telephone 14,907 16,648 Electric & Telephone 13,350 15,475
Heat 13,734 16,158 Heat 42,275 48,168
Water & Sewer 2,327 3,259 Water & Sewer 7,115 8,525
Household 19,202 20,931 School Tuition Aid 15,520 3,735
Church Expenses 74,786 66,593 Equipment Repair & Contracts 13,714 11,785
Liturgical 11,203 8,975 Interest Expense 1,718
N/A
Parish Contribution for School Expenses 167,300 106,171
Interest Expense 17,220 12,999
Disbursement Diocesan Collections 75,229 78,271
Disbursement St. Vincent de Paul Income 5,700 5,853
Centennial Expenses 28,022 28,623
Total Expenses 915,997 851,065 Total Expenses 1,533,624 1,471,967
-89,646 17,278 -112,573 15,096