Parish Financial Report

Fiscal Year 2017-2018

The members of Saint Gabriel Catholic Church Finance Council are grateful 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 strong.   We are blessed.  Some of the financial highlights include:

  • Overall operations finished the year ahead of budget. Revenue was very close to plan, while expenses ended up being lower than budget. Offertory ended the year at $3.4 million. Collection trends were positive.
  • Expenses closed the year slightly under budget, providing a Net Operating activity of $35K better than projected. 
  • Facility expenses, school subsidy, and diocesan assessment represent over $2.1 million of our annual spending.
  • The largest impact to our financials is a reduction of $472K in cash on our balance sheet from the acquisition of an adjacent property and some notable charitable contributions that are in line with our parish mission and initiatives.

Our campus facilities continue to be used by many parish and community groups. During the week, the     students of St. Gabriel School and our Faith Formation program fill the classrooms and grounds. Most evenings, various programs occupy our numerous meeting spaces. Our campus opens early in the morning and closes well past sunset. 
To support our growing needs, our parish purchased the house  at 1919 Sharon Lane in February with support from the Building Committee, Finance Council, and Fr.  Frank.  Acquiring this property will allow us strategic flexibility as we continue to grow.  

Led by Fr. Frank, St.  Gabriel remains committed to tithing. This year, we gave $343K to various qualified    charities.  Our Pope Francis Initiative (PFI) Committee – now in its fourth year - also continued to identify opportunities to make impactful contributions beyond general tithing.  New PFI initiatives include a partnership with Cochrane Academy (a low income public school), a review of our parish’s environmental footprint with particular consideration given to    adding solar power to our campus, increased coordination with our growing Hispanic community, and growth of the JustFaith Program.  The PFI Committee also committed to help address the affordable   housing crisis in Charlotte through a $175K grant to the Charlotte Family Housing (CFH) group and a stronger partnership with Habitat for Humanity. More details on these initiatives will be shared later this month. 

As we close the 2017-2018 fiscal year, we are reminded of our many blessings at St.  Gabriel Catholic Church. Because you give your time, your talents, and your treasure, our parish is able to impact the lives of many in need.

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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