SS Cyril and Methodius Parish
Annual parish financial report for 2002

Fr. Larry Lisowski

Dear Parishioners,
With the help of our Parish Finance Committee, I present to you the Financial Report for SS. Cyril and Methodius parish for fiscal year of 2001-2002. I ask you to please take the time to read through this report. There is much for us to be proud of as a parish. A true hallmark of SS. Cyril and Methodius is the generosity of our parishioners. Many have shared their time, their talent, and their treasures for the life of the community. I am grateful for all of the support that people so willingly give to the parish.

SS. Cyril and Methodius today is an active, vibrant, and growing parish with many ministries and organizations. It is a place where faith has been nourished and kept alive for the past 118 years. As believers, we are committed to keeping the mission and ministry of Jesus alive for years to come.

Finance CommitteeIt will be the mission of the Finance Committee to continue to develop long-range financial plans for the parish, address the numerous immediate capital repairs that need to be done on our parish buildings, and establish a budget to support the ongoing ministries and operation of the parish.

I am also grateful for the many parishioners who have already made a commitment this year to the Sharing Christ’s Gifts Capital Campaign. I appreciate their three year pledge, that is over and above their Sunday contributions. The Sharing Christ Gifts Campaign will help us to repair our buildings and be debt free in three years!

May God continue to bless us in all that we do in the name of our Lord. You are in my prayers.

Sincerely,
Fr. Larry Lisowski

 

Year ending June 30, 2002

Income

Church income
Collections $920,776
Religious education 33,490
Extraordinary (3) 47,004
Miscellaneous 139,521
Subtotal $1,140,791
School income
Tuition $911,794
Registration and books 126,379
Fund raising 52,057
Other income 57,600
Subtotal $1,147,830
Total income $2,288,621

 

Expenses

Church expenses $649,768
Religious education 33,603
Savings deposits(1) 111,594
Loan repayment(2) 59,299
Extraordinary(3) 42,962
Subtotal $897,226
School expenses
Operating expenses $1,373,480
Total expenses $2,270,706
Net excess $17,915



(1) certificate of deposits
(2) parish debt = $605,825 as of June 30, 2002
(3) Archdiocesan required collections
 

 

 

Revised: August 12, 2006