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Grand Annual Collection

19-Sep-2017

Help Support the Works of St. Charles Parish

 
St. Charles Borromeo Grand Annual Collection is being taken beginning Sunday October 1, 2017. This collection continues our efforts to build a stable base for our parish.Grand Annual mailings have all been sent for all those who would like to contribute to this effort.  Thank you for your generosity!  If you were unable to turn in your pledge or offering feel free to place it in the offertory basket or to the main office using the yellow Grand Annual envelopes.

If you haven't yet contributed and would like to do so online by using your bank account or credit card, you can use our online giving program.  You can select Quick Give in the lower right or sign-up for an account (better for year-end tax reports of total giving).

Below is the Grand Annual Letter that has been mailed out:

The Grand Annual Collection
The attached Income Statement shows the financial condition of St. Charles Parish for fiscal year ending June 30, 2017 as well as the budget for fiscal year 2017 and 2018. By reviewing the financial statement, I hope it will help you to understand how your contributions and financial gifts to the Parish are used. I encourage you to support St. Charles Parish through contributing to our Grand Annual Collection starting on the weekend of September 30th and October 1st. We rely greatly on the generosity of your contributions both financially and through your time spent volunteering and serving our Parish Communities.
The Parish ended the Fiscal Year 2017 with an operating loss of approximately $109K and has budgeted a loss of $83K for Fiscal Year 2018. In order to meet our expenses this year, it was necessary to access funds from our reserve account. As of June 30, 2017, the balance of our Parish Funds on deposit with the Archdiocese of Boston was $394,935 compared to our prior year balance of $492,255. We cannot continue to rely upon our financial reserves to meet our annual operating expenses. It is vital that the reserve funds be used for facility improvements to maintain infrastructure and emergency contingency needs to insure the long-term strength of our Parish. With increased weekly support from Parishioners, continued expense management, and the implementation of cost savings measures, I am confident that we can eliminate our operating loss. Additional measures have been implemented to further reduce expenses, for example increasing energy efficiency in our buildings and ensuring that events and meetings are conducted with a cost-effective approach.
Enclosed is the Grand Annual collection envelope which can be placed in the offertory basket or mailed to the Parish Center. Also available is our online giving option, please visit our website and select Grand Annual Collection when making your contribution. All contributions to Saint Charles Parish are tax deductible. I respectfully ask that each working adult contribute $300 and a family with two working adults contribute $400. I realize that each financial situation varies so please base your contribution on your individual ability. Thank you in advance for your generosity and continued support of Saint Charles Parish.
Sincerely,


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