Dear Saint Charles Borromeo Parish Community,
The Parish Finance Committee would like to relay to everyone the financial condition of the Church and School. While it has been a tumultuous two years with all the complexities created by the pandemic, we can report that we are holding our own. However, you can see in the next page the financial report that the Sunday collections and other church income has declined significantly over the past two years. Much of this decrease is related to a reduction in “in person” Mass participation, but even with the lifting of attendance restrictions, more help is needed to address this shortfall. We have decided to employ the services of a company to help with an Increased Offertory Campaign. You will hear and see more information about this program in the coming weeks. Thank you in advance for your attention and consideration to participate.
We were successful, through the hard work of our office staff, in garnering help from two Payroll Protection Plan (PPP) government loan programs. A large portion of these loans have already been forgiven and we are hopeful that the balance will be forgiven as well. These funds were instrumental in enabling us to sustain operations and retain our administrative and academic staff. You can see in the attached report that the application of a portion of these funds negated the necessity for the school to be subsidized by the Church income for the first time in many years. As reported previously, it has been necessary for many years that the school be subsidized substantially from the Church funds and donations. Reducing or eliminating the need for this subsidy has been one of the primary goals of the Finance Committee and all those who work to reduce expenses and increase enrollment and other school functions that generate revenues. Even without these funds, we have made significant progress in this regard over the last four years. We are also pleased to report that the enrollment has been maintained and even grown slightly over this period reversing the previous declining trend. Through the efforts of our principal Sister Koreen and her dedicated faculty and administrators, the Saint Charles Borromeo School continued operating uninterrupted throughout the pandemic, delivering superior education and a full curriculum to the entire student body.
We are currently running a capital campaign to help pay for the school roof which was installed this past June at a cost of approximately $75,500. Thank you to everyone who has already contributed to the Roof Replacement Fund. To those who have not, if you can find it in your budget to help, it would be much appreciated. Maintaining a fiscally healthy and educationally superior school at Saint Charles Borromeo is of the upmost importance to us all.
Thanks to the diligence and tireless efforts of Father Forlano, Saint Charles Borromeo continued to provide on- line, as well as in person Mass, spiritual support, and all the other Sacraments over the course of this entire pandemic. Establishing on-line Masses and addressing all the spiritual needs of the parish remains Father Forlano’s sacred commitment.
We are most grateful for your past and continued support, especially during these trying times. For those that have been unable to attend Mass and wish perhaps to “catch up” with their donations, there is a convenient on-line option on the the St. Charles Borromeo website. Any support to help alleviate this budget deficit in our collections is something for which would be most grateful.
Father Forlano and the members of Finance Committee are committed to being transparent with all of the Church and School finances. To that end, if you have questions or would like to make a recommendation or suggestion, do not hesitate to reach out to anyone on the Finance Committee. Please call the parish office. We would be happy to speak with you.
Gerald Capie, Sister Koreen Marie Cote, I.H.M., Araceli Cruz, Rev. Philip Forlano, Christopher Szal, & James Wilkinson
The Finance Committee