Parish Financial Report

Fiscal Year 2016-2017

The members of Saint Gabriel Catholic Church Finance Council are pleased to present the following financial report to our fellow parishioners.   

Due to the generosity of our congregation, our finances continue to be solid, while our parish community is thriving.   We are blessed. Some of the financial highlights include:

  • Overall operations finished the year ahead of plan. Revenue tracked very closely, while expenses were just under budget. Offertory was ahead of budget at $3.3 million. Collection trends were positive and exceeded   expectations.
  • Expenditures closed the year slightly under budget, providing for positive Net Operating activity of $73K. In this year’s budget, we anticipate both revenue and expenses to increase slightly.
  • The Diocesan Assessment and School Subsidy along with Facility Expenses represents over $2 million of our annual spending.
  • We strive to be prudent shepherds of our parish resources. Because of the consistent giving of our parishioners, we have been able to set aside funds for emergencies and additional tithing without it affecting operations.

As with most years, we continue to invest in the maintenance and beautification of our campus. Utilities expenses, including HVAC for each of our buildings, continue to rise. Under the guidance of the St. Gabriel Building  Committee, we are seeking ways to improve our facilities in the most environmentally focused way possible. We have utilized resources to improve technology in our buildings to stay current with the times. LED boards have been very well received by parishioners young and older, as an effective way to share Parish communications. In addition to maintaining our warm and inviting campus, we are constantly looking for ways to modernize where possible.

Our campus is vibrant and active. This past year saw increased enrollment in Adult Education, Hispanic, and Spiritual Direction    programs. Including St. Gabriel Catholic School, virtually every   meeting space on our campus is utilized on a regular basis. While this periodically can lead to scheduling issues, we feel that the capacity challenges are simply those associated with our large, engaged,     parish community.

St. Gabriel remains a tithing Parish, making a difference in the Charlotte Community. Each year we set a target to direct 10% of offertory towards qualifying charities. This year was no different, as we exceeded our charitable giving budget by giving over $343K to those in need. The Pope Francis Initiative (PFI) continued to identify           opportunities to make impactful contributions to organizations      beyond general tithing. (PFI) now in its third year, is evolving and growing to reach even more people in need.

As we close the fiscal year of 2016-2017, we reflect on our many blessings at St. Gabriel. Because you give of your time, your talents, and your treasure, our parish is as strong as ever. 

Thank you, and God bless.

The Saint Gabriel Church Finance Council
Bryant Brewer (Chair), Mark Adamson, Chris Brown, Lee Cochran, Bob Fontana, Steve Gennett, Sr., Steve Gennett, Jr., Paul Grim, Ron Levin, Sandra Lazorcheck, Stephen Pernotto and Lynne Roux

 

 


 

 

 

View our parish Financial Statement

View our parish Tithing Report


For where your treasure is, there also will your heart be.
Matthew 6:21

 

 

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