This is a PDF document: Weekly Bulletin – March 1, 2015.
On Thursday, the full Bulletin with Advertisements, which includes those businesses that advertise to our parish community can be viewed at this web link: https://www.e-churchbulletins.com/bulletins/813900.pdf
For future planning, when Gaston County Schools are delayed or closed due to inclement weather, the parish office operates on a 2-hour delay and opens at 10:30 AM.
The link above us a sound bar. Click on the bar and it will play the Gospel from February 22, 2015 and Father Frank’s Homily. Enjoy.
Queen of the Apostles Mid-Year Financial Report
The following table summarizes the financial results for Queen of the Apostles during the six month period from July through December, 2014 along with a comparison to the same time period in previous years.
Income & Expenses for Six Months Ending December 31th
Analysis of Results
- Offertory for the first half of the 14-15 FY has been flat compared to the same time period in the 13-14 FY. In previous years, our offertory has increased at approximately the same rate as our increase in registered families. If not corrected, this trend will result in a lower savings rate and reduce our ability to finance long term debt (mortgage) for our new church.
- We are significantly short ( by $14,222 ) of our DSA goal for 2014. This is a direct result of a lower participation rate than in previous years. The shortfall will be paid from our saving.
- Expenses during the four year period have been relatively flat considering the increase in registered families and expansion of ministries. Effective cost control by our staff is evident and has been a significant contributor to our positive savings rate.
Building A Home For All
The Capital Campaign Committee has been busy working on alternatives / plans to finance our new church. There have been both internal discussions and meetings with diocese financial personnel to explore our options for mortgage financing and raising additional money (for the estimated $700,000 shortfall). The following chart is a preliminary financial plan, and is very much a work in progress.
- Our participation rate for the capital campaign has been approximately 38% to date.
- Our plan assumes that we spend almost all of our savings to build our new church, and that our savings will continue to grow at our normal rate.
- Our plan assumes that our operating cash flow will support the mortgage debt over a 15 year period.
- All parishioners need to prayerfully consider their commitment to the offertory. The flat trend recently experienced will limit our ability to both pay our mortgage and to maintain our saving rate.
- We must increase our participation rate for the capital campaign. Parishioners who have not yet participated need to prayerfully consider making a pledge.
- DSA participation needs to increase. The shortfall reduces our savings and our ability to build a new church.
Thank you for your continued support. Please contact any member of the Finance Council if you have questions:
Charlie Boyd, Chairperson 704-825-4669 email@example.com
Dave Charzewski 704-824-7198 firstname.lastname@example.org
Rick Houser 704-824-4889 email@example.com
Greg Hoehne 704-689-4550 firstname.lastname@example.org
Angelina McArthur 704-675-5091 email@example.com
Brett Wood 704-675-5091 firstname.lastname@example.org
Michael Vasko 704-829-6749 email@example.com
Dorothy Wilson 704-879-9014 firstname.lastname@example.org.
Ryan Schrift 814-233-7151 Ryan.Schrift@lpl.com